Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Ratios (Summary)
Inventory Turnover
Receivables Turnover
Payables Turnover
Working Capital Turnover
Average Inventory Processing Period
Average Receivable Collection Period
Operating Cycle
Average Payables Payment Period
Cash Conversion Cycle

Starbucks Corp., short-term (operating) activity ratios (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Turnover Ratios
	Inventory turnover
	Receivables turnover
	Payables turnover
	Working capital turnover
	Average No. of Days
	Average inventory processing period
	Add: Average receivable collection period
	Operating cycle
	Less: Average payables payment period
	Cash conversion cycle

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Starbucks Corp.’s inventory turnover improved from Q4 2018 to Q1 2019 but then slightly deteriorated from Q1 2019 to Q2 2019 not reaching Q4 2018 level.
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Starbucks Corp.’s receivables turnover deteriorated from Q4 2018 to Q1 2019 but then improved from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Starbucks Corp.’s payables turnover increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Starbucks Corp.’s working capital turnover improved from Q4 2018 to Q1 2019 but then deteriorated significantly from Q1 2019 to Q2 2019.

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle	Equal to average inventory processing period plus average receivables collection period.
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Starbucks Corp.’s average payables payment period declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Starbucks Corp., inventory turnover calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in thousands)
	Cost of sales including occupancy costs
	Inventories
	Ratio
	Inventory turnover¹

Q2 2019 Calculations

¹ Inventory turnover = (Cost of sales including occupancy costs_{Q2 2019} + Cost of sales including occupancy costs_{Q1 2019} + Cost of sales including occupancy costs_{Q4 2018} + Cost of sales including occupancy costs_{Q3 2018}) ÷ Inventories
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Inventory turnover	An activity ratio calculated as cost of goods sold divided by inventory.	Starbucks Corp.’s inventory turnover improved from Q4 2018 to Q1 2019 but then slightly deteriorated from Q1 2019 to Q2 2019 not reaching Q4 2018 level.

Starbucks Corp., receivables turnover calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in thousands)
	Net revenues
	Accounts receivable, net
	Ratio
	Receivables turnover¹

Q2 2019 Calculations

¹ Receivables turnover = (Net revenues_{Q2 2019} + Net revenues_{Q1 2019} + Net revenues_{Q4 2018} + Net revenues_{Q3 2018}) ÷ Accounts receivable, net
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Receivables turnover	An activity ratio equal to revenue divided by receivables.	Starbucks Corp.’s receivables turnover deteriorated from Q4 2018 to Q1 2019 but then improved from Q1 2019 to Q2 2019 exceeding Q4 2018 level.

Starbucks Corp., payables turnover calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in thousands)
	Cost of sales including occupancy costs
	Accounts payable
	Ratio
	Payables turnover¹

Q2 2019 Calculations

¹ Payables turnover = (Cost of sales including occupancy costs_{Q2 2019} + Cost of sales including occupancy costs_{Q1 2019} + Cost of sales including occupancy costs_{Q4 2018} + Cost of sales including occupancy costs_{Q3 2018}) ÷ Accounts payable
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Payables turnover	An activity ratio calculated as cost of goods sold divided by payables.	Starbucks Corp.’s payables turnover increased from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Starbucks Corp., working capital turnover calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data (USD $ in thousands)
	Current assets
	Less: Current liabilities
	Working capital
	Net revenues
	Ratio
	Working capital turnover¹

Q2 2019 Calculations

¹ Working capital turnover = (Net revenues_{Q2 2019} + Net revenues_{Q1 2019} + Net revenues_{Q4 2018} + Net revenues_{Q3 2018}) ÷ Working capital
= ( hidden + hidden + hidden + hidden ) ÷ hidden = hidden

Ratio	Description	The company
Working capital turnover	An activity ratio calculated as revenue divided by working capital.	Starbucks Corp.’s working capital turnover improved from Q4 2018 to Q1 2019 but then deteriorated significantly from Q1 2019 to Q2 2019.

Starbucks Corp., average inventory processing period calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Inventory turnover
	Ratio (no. of days)
	Average inventory processing period¹

Q2 2019 Calculations

¹ Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average inventory processing period	An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Starbucks Corp., average receivable collection period calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Receivables turnover
	Ratio (no. of days)
	Average receivable collection period¹

Q2 2019 Calculations

¹ Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average receivable collection period	An activity ratio equal to the number of days in the period divided by receivables turnover.

Starbucks Corp., operating cycle calculation (quarterly data)

No. of days

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Average inventory processing period
	Average receivable collection period
	Ratio
	Operating cycle¹

Q2 2019 Calculations

¹ Operating cycle = Average inventory processing period + Average receivable collection period
= hidden + hidden = hidden

Ratio	Description	The company
Operating cycle	Equal to average inventory processing period plus average receivables collection period.

Starbucks Corp., average payables payment period calculation (quarterly data)

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Payables turnover
	Ratio (no. of days)
	Average payables payment period¹

Q2 2019 Calculations

¹ Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ hidden = hidden

Ratio	Description	The company
Average payables payment period	An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period.	Starbucks Corp.’s average payables payment period declined from Q4 2018 to Q1 2019 and from Q1 2019 to Q2 2019.

Starbucks Corp., cash conversion cycle calculation (quarterly data)

No. of days

		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	Sep 28, 2014	Jun 29, 2014	Mar 30, 2014	Dec 29, 2013	Sep 29, 2013	Jun 30, 2013	Mar 31, 2013	Dec 30, 2012
	Selected Financial Data
	Average inventory processing period
	Average receivable collection period
	Average payables payment period
	Ratio
	Cash conversion cycle¹

Q2 2019 Calculations

¹ Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= hidden + hidden – hidden = hidden

Ratio	Description	The company
Cash conversion cycle	A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

	Starbucks Corp.	Other companies (not purchased previously)
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Starbucks Corp. (SBUX)

Short-term (Operating) Activity Analysis
Quarterly Data

Ratios (Summary)

Inventory Turnover

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Average Payables Payment Period

Cash Conversion Cycle

Starbucks Corp. (SBUX)

Short-term (Operating) Activity AnalysisQuarterly Data

Ratios (Summary)

Inventory Turnover

Receivables Turnover

Payables Turnover

Working Capital Turnover

Average Inventory Processing Period

Average Receivable Collection Period

Operating Cycle

Average Payables Payment Period

Cash Conversion Cycle

Short-term (Operating) Activity Analysis
Quarterly Data