Starbucks Corp., balance sheet: property, plant and equipment

US$ in thousands

	Oct 1, 2023	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Land	46,100)	46,100)	46,200)	46,000)	46,800)	46,800)
Buildings	666,500)	555,400)	587,600)	586,800)	691,500)	557,300)
Leasehold improvements	10,133,700)	9,066,800)	8,637,600)	8,262,600)	7,948,600)	7,372,800)
Store equipment	3,332,500)	3,018,200)	2,934,100)	2,800,300)	2,659,500)	2,400,200)
Roasting equipment	859,400)	838,500)	857,200)	796,600)	769,600)	658,800)
Furniture, fixtures and other	1,664,500)	1,526,100)	1,392,000)	1,285,700)	1,799,000)	1,659,300)
Work in progress	607,500)	558,700)	374,100)	377,300)	358,500)	501,900)
Property, plant and equipment, gross	17,310,200)	15,609,800)	14,828,800)	14,155,300)	14,273,500)	13,197,100)
Accumulated depreciation	(9,923,100)	(9,049,300)	(8,459,300)	(7,913,900)	(7,841,800)	(7,268,000)
Property, plant and equipment, net	7,387,100)	6,560,500)	6,369,500)	6,241,400)	6,431,700)	5,929,100)

Download chart

Item	Description	The company
Property, plant and equipment, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Starbucks Corp. property, plant and equipment, gross increased from 2021 to 2022 and from 2022 to 2023.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Starbucks Corp. property, plant and equipment, net increased from 2021 to 2022 and from 2022 to 2023.

Starbucks Corp., asset age ratios

		Oct 1, 2023	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
	Average age ratio	57.48%	58.14%	57.22%	56.09%	55.12%	55.27%

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Starbucks Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

	Oct 1, 2023	Oct 2, 2022	Oct 3, 2021	Sep 27, 2020	Sep 29, 2019	Sep 30, 2018
Selected Financial Data (US$ in thousands)
Accumulated depreciation	9,923,100)	9,049,300)	8,459,300)	7,913,900)	7,841,800)	7,268,000)
Property, plant and equipment, gross	17,310,200)	15,609,800)	14,828,800)	14,155,300)	14,273,500)	13,197,100)
Land	46,100)	46,100)	46,200)	46,000)	46,800)	46,800)
Asset Age Ratio
Average age¹	57.48%	58.14%	57.22%	56.09%	55.12%	55.27%

2023 Calculations

¹ Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 9,923,100 ÷ (17,310,200 – 46,100) = 57.48%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Starbucks Corp. average age ratio of depreciable property, plant and equipment deteriorated from 2021 to 2022 but then improved from 2022 to 2023 not reaching 2021 level.

Starbucks Corp. (NASDAQ:SBUX)

Analysis of Property, Plant and Equipment