Stock Analysis on Net
Stock Analysis on Net

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Beginner level

Long-term Activity Ratios (Summary)

Starbucks Corp., long-term (investment) activity ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Net fixed asset turnover 3.77 3.82 4.17 4.22 4.12 4.21 4.16 4.19 4.17 4.24 4.21 4.23 4.55 4.77 4.81 4.84 4.70 4.71 4.75 4.79 4.69
Net fixed asset turnover (including operating lease, right-of-use asset) 1.64 1.66 1.82 1.83 4.12 4.21 4.16 4.19 4.17 4.24 4.21 4.23 4.55 4.77 4.81 4.84 4.70 4.71 4.75 4.79 4.69
Total asset turnover 0.80 0.83 0.97 0.97 1.38 1.25 1.45 1.27 1.02 1.40 1.34 1.23 1.56 1.54 1.54 1.55 1.49 1.48 1.61 1.52 1.54
Equity turnover 21.14 6.04 4.98 3.95 4.11 3.83 3.92 3.74 3.62 3.59 3.96 3.30 3.29

Based on: 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Starbucks Corp.’s net fixed asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Starbucks Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Starbucks Corp.’s total asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.

Net Fixed Asset Turnover

Starbucks Corp., net fixed asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Selected Financial Data (US$ in thousands)
Net revenues 6,203,100  4,222,100  5,995,700  7,097,100  6,747,000  6,823,000  6,305,900  6,632,700  6,303,700  6,310,300  6,031,800  6,073,700  5,698,400  5,661,500  5,294,000  5,732,900  5,711,200  5,238,000  4,993,200  5,373,500  4,914,800  4,881,200  4,563,500  4,803,200 
Property, plant and equipment, net 6,241,400  6,295,600  6,387,000  6,390,900  6,431,700  6,187,800  6,135,500  6,039,300  5,929,100  5,689,600  5,576,800  5,378,700  4,919,500  4,699,800  4,564,500  4,478,500  4,533,800  4,359,200  4,246,900  4,122,500  4,088,300  3,977,700  3,897,700  3,822,300 
Long-term Activity Ratio
Net fixed asset turnover1 3.77 3.82 4.17 4.22 4.12 4.21 4.16 4.19 4.17 4.24 4.21 4.23 4.55 4.77 4.81 4.84 4.70 4.71 4.75 4.79 4.69
Benchmarks
Net Fixed Asset Turnover, Competitors2
Booking Holdings Inc. 11.96 15.35 20.16 20.41 21.16 20.60 20.77 22.14 21.96 22.34 23.02 26.41 26.72 27.01 28.89 30.96 30.59 30.60 31.79 33.57
McDonald’s Corp. 0.79 0.81 0.88 0.87 0.90 0.89 0.90 0.92 0.94 0.97 0.98 1.02 1.07 1.11 1.15 1.16 1.08 1.10 1.08 1.10

Based on: 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Q4 2020 Calculation
Net fixed asset turnover = (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020) ÷ Property, plant and equipment, net
= (6,203,100 + 4,222,100 + 5,995,700 + 7,097,100) ÷ 6,241,400 = 3.77

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. Starbucks Corp.’s net fixed asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)

Starbucks Corp., net fixed asset turnover (including operating lease, right-of-use asset) calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Selected Financial Data (US$ in thousands)
Net revenues 6,203,100  4,222,100  5,995,700  7,097,100  6,747,000  6,823,000  6,305,900  6,632,700  6,303,700  6,310,300  6,031,800  6,073,700  5,698,400  5,661,500  5,294,000  5,732,900  5,711,200  5,238,000  4,993,200  5,373,500  4,914,800  4,881,200  4,563,500  4,803,200 
 
Property, plant and equipment, net 6,241,400  6,295,600  6,387,000  6,390,900  6,431,700  6,187,800  6,135,500  6,039,300  5,929,100  5,689,600  5,576,800  5,378,700  4,919,500  4,699,800  4,564,500  4,478,500  4,533,800  4,359,200  4,246,900  4,122,500  4,088,300  3,977,700  3,897,700  3,822,300 
Operating lease, right-of-use asset 8,134,100  8,214,000  8,260,800  8,358,500  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Property, plant and equipment, net (including operating lease, right-of-use asset) 14,375,500  14,509,600  14,647,800  14,749,400  6,431,700  6,187,800  6,135,500  6,039,300  5,929,100  5,689,600  5,576,800  5,378,700  4,919,500  4,699,800  4,564,500  4,478,500  4,533,800  4,359,200  4,246,900  4,122,500  4,088,300  3,977,700  3,897,700  3,822,300 
Long-term Activity Ratio
Net fixed asset turnover (including operating lease, right-of-use asset)1 1.64 1.66 1.82 1.83 4.12 4.21 4.16 4.19 4.17 4.24 4.21 4.23 4.55 4.77 4.81 4.84 4.70 4.71 4.75 4.79 4.69
Benchmarks
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2
Booking Holdings Inc. 6.78 8.60 11.03 11.09 11.35 10.88 10.85 22.14 21.96 22.34 23.02 26.41 26.72 27.01 28.89 30.96 30.59 30.60 31.79 33.57
McDonald’s Corp. 0.51 0.52 0.57 0.56 0.58 0.58 0.59 0.92 0.94 0.97 0.98 1.02 1.07 1.11 1.15 1.16 1.08 1.10 1.08 1.10

Based on: 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Q4 2020 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020) ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= (6,203,100 + 4,222,100 + 5,995,700 + 7,097,100) ÷ 14,375,500 = 1.64

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover (including operating lease, right-of-use asset) An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). Starbucks Corp.’s net fixed asset turnover ratio (with operating lease, right-of-use asset) deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Total Asset Turnover

Starbucks Corp., total asset turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Selected Financial Data (US$ in thousands)
Net revenues 6,203,100  4,222,100  5,995,700  7,097,100  6,747,000  6,823,000  6,305,900  6,632,700  6,303,700  6,310,300  6,031,800  6,073,700  5,698,400  5,661,500  5,294,000  5,732,900  5,711,200  5,238,000  4,993,200  5,373,500  4,914,800  4,881,200  4,563,500  4,803,200 
Total assets 29,374,500  29,140,600  27,478,900  27,731,300  19,219,600  20,894,400  17,641,900  19,981,300  24,156,400  17,182,100  17,553,500  18,518,500  14,365,600  14,522,700  14,227,900  14,017,300  14,329,500  13,833,200  12,519,400  12,943,500  12,446,100  12,868,800  12,190,700  12,351,100 
Long-term Activity Ratio
Total asset turnover1 0.80 0.83 0.97 0.97 1.38 1.25 1.45 1.27 1.02 1.40 1.34 1.23 1.56 1.54 1.54 1.55 1.49 1.48 1.61 1.52 1.54
Benchmarks
Total Asset Turnover, Competitors2
Booking Holdings Inc. 0.40 0.54 0.81 0.70 0.70 0.69 0.65 0.64 0.58 0.54 0.53 0.50 0.47 0.49 0.50 0.54 0.52 0.50 0.52 0.53
McDonald’s Corp. 0.38 0.39 0.41 0.44 0.46 0.45 0.45 0.64 0.62 0.66 0.66 0.68 0.72 0.74 0.76 0.79 0.77 0.76 0.75 0.67

Based on: 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Q4 2020 Calculation
Total asset turnover = (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020) ÷ Total assets
= (6,203,100 + 4,222,100 + 5,995,700 + 7,097,100) ÷ 29,374,500 = 0.80

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. Starbucks Corp.’s total asset turnover ratio deteriorated from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.

Equity Turnover

Starbucks Corp., equity turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 27, 2020 Jun 28, 2020 Mar 29, 2020 Dec 29, 2019 Sep 29, 2019 Jun 30, 2019 Mar 31, 2019 Dec 30, 2018 Sep 30, 2018 Jul 1, 2018 Apr 1, 2018 Dec 31, 2017 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Jan 1, 2017 Oct 2, 2016 Jun 26, 2016 Mar 27, 2016 Dec 27, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015 Dec 28, 2014
Selected Financial Data (US$ in thousands)
Net revenues 6,203,100  4,222,100  5,995,700  7,097,100  6,747,000  6,823,000  6,305,900  6,632,700  6,303,700  6,310,300  6,031,800  6,073,700  5,698,400  5,661,500  5,294,000  5,732,900  5,711,200  5,238,000  4,993,200  5,373,500  4,914,800  4,881,200  4,563,500  4,803,200 
Shareholders’ equity (deficit) (7,805,100) (8,621,600) (7,530,100) (6,759,900) (6,232,200) (4,320,600) (5,036,900) (2,884,900) 1,169,500  3,990,700  4,711,200  5,752,100  5,450,100  5,843,400  5,605,000  5,796,600  5,884,000  5,721,800  5,094,600  5,981,500  5,818,000  5,856,500  6,008,700  5,775,400 
Long-term Activity Ratio
Equity turnover1 21.14 6.04 4.98 3.95 4.11 3.83 3.92 3.74 3.62 3.59 3.96 3.30 3.29
Benchmarks
Equity Turnover, Competitors2
Booking Holdings Inc. 1.81 2.82 3.79 2.54 2.51 2.78 2.09 1.65 1.42 1.31 1.24 1.13 0.95 0.99 1.02 1.09 1.06 1.06 1.05 1.05
McDonald’s Corp. 39.26 6.56 3.59

Based on: 10-K (filing date: 2020-11-12), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-28), 10-Q (filing date: 2020-01-28), 10-K (filing date: 2019-11-15), 10-Q (filing date: 2019-07-30), 10-Q (filing date: 2019-04-30), 10-Q (filing date: 2019-01-29), 10-K (filing date: 2018-11-16), 10-Q (filing date: 2018-07-31), 10-Q (filing date: 2018-05-01), 10-Q (filing date: 2018-01-31), 10-K (filing date: 2017-11-17), 10-Q (filing date: 2017-08-01), 10-Q (filing date: 2017-05-02), 10-Q (filing date: 2017-01-31), 10-K (filing date: 2016-11-18), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-K (filing date: 2015-11-12), 10-Q (filing date: 2015-07-28), 10-Q (filing date: 2015-04-28), 10-Q (filing date: 2015-01-27).

1 Q4 2020 Calculation
Equity turnover = (Net revenuesQ4 2020 + Net revenuesQ3 2020 + Net revenuesQ2 2020 + Net revenuesQ1 2020) ÷ Shareholders’ equity (deficit)
= (6,203,100 + 4,222,100 + 5,995,700 + 7,097,100) ÷ -7,805,100 =

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity.