Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Starbucks Corp., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
| 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. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| 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. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Starbucks Corp. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Net Fixed Asset Turnover
Starbucks Corp., net fixed asset turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Property, plant and equipment, net | 8,665,500) | 7,387,100) | 6,560,500) | 6,369,500) | 6,241,400) | 6,431,700) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 4.17 | 4.87 | 4.92 | 4.56 | 3.77 | 4.12 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Airbnb Inc. | — | 61.98 | 69.41 | 38.27 | 12.50 | — | |
| Booking Holdings Inc. | 28.53 | 27.25 | 25.55 | 13.33 | 8.99 | — | |
| Chipotle Mexican Grill Inc. | 4.73 | 4.55 | 4.43 | 4.27 | 3.78 | — | |
| McDonald’s Corp. | — | 0.95 | 0.92 | 0.94 | 0.77 | 0.87 | |
| Net Fixed Asset Turnover, Sector | |||||||
| Consumer Services | — | 2.76 | 2.59 | 2.27 | 1.74 | — | |
| Net Fixed Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.50 | 3.47 | 3.31 | 3.37 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 36,176,200 ÷ 8,665,500 = 4.17
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. net fixed asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
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, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Property, plant and equipment, net | 8,665,500) | 7,387,100) | 6,560,500) | 6,369,500) | 6,241,400) | 6,431,700) | |
| Operating lease, right-of-use asset | 9,286,200) | 8,412,600) | 8,015,600) | 8,236,000) | 8,134,100) | —) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 17,951,700) | 15,799,700) | 14,576,100) | 14,605,500) | 14,375,500) | 6,431,700) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.02 | 2.28 | 2.21 | 1.99 | 1.64 | 4.12 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | |||||||
| Airbnb Inc. | — | 35.54 | 32.43 | 13.98 | 5.16 | — | |
| Booking Holdings Inc. | 17.07 | 14.35 | 13.01 | 8.31 | 5.29 | — | |
| Chipotle Mexican Grill Inc. | 1.77 | 1.72 | 1.64 | 1.54 | 1.38 | — | |
| McDonald’s Corp. | — | 0.66 | 0.64 | 0.61 | 0.50 | 0.56 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | |||||||
| Consumer Services | — | 1.66 | 1.55 | 1.29 | 0.99 | — | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | |||||||
| Consumer Discretionary | — | 2.68 | 2.66 | 2.51 | 2.57 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Net revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 36,176,200 ÷ 17,951,700 = 2.02
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. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Total Asset Turnover
Starbucks Corp., total asset turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Total assets | 31,339,300) | 29,445,500) | 27,978,400) | 31,392,600) | 29,374,500) | 19,219,600) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 1.15 | 1.22 | 1.15 | 0.93 | 0.80 | 1.38 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Airbnb Inc. | — | 0.48 | 0.52 | 0.44 | 0.32 | — | |
| Booking Holdings Inc. | 0.86 | 0.88 | 0.67 | 0.46 | 0.31 | — | |
| Chipotle Mexican Grill Inc. | 1.23 | 1.23 | 1.25 | 1.13 | 1.00 | — | |
| McDonald’s Corp. | — | 0.45 | 0.46 | 0.43 | 0.36 | 0.44 | |
| Total Asset Turnover, Sector | |||||||
| Consumer Services | — | 0.74 | 0.71 | 0.59 | 0.49 | — | |
| Total Asset Turnover, Industry | |||||||
| Consumer Discretionary | — | 0.97 | 0.96 | 0.88 | 0.84 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 36,176,200 ÷ 31,339,300 = 1.15
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. total asset turnover ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Equity Turnover
Starbucks Corp., equity turnover calculation, comparison to benchmarks
| Sep 29, 2024 | Oct 1, 2023 | Oct 2, 2022 | Oct 3, 2021 | Sep 27, 2020 | Sep 29, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net revenues | 36,176,200) | 35,975,600) | 32,250,300) | 29,060,600) | 23,518,000) | 26,508,600) | |
| Shareholders’ deficit | (7,448,900) | (7,994,800) | (8,706,600) | (5,321,200) | (7,805,100) | (6,232,200) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | — | — | — | — | — | — | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Airbnb Inc. | — | 1.21 | 1.51 | 1.25 | 1.16 | — | |
| Booking Holdings Inc. | — | — | 6.14 | 1.77 | 1.39 | — | |
| Chipotle Mexican Grill Inc. | 3.09 | 3.22 | 3.65 | 3.29 | 2.96 | — | |
| McDonald’s Corp. | — | — | — | — | — | — | |
| Equity Turnover, Sector | |||||||
| Consumer Services | — | — | — | 23.06 | — | — | |
| Equity Turnover, Industry | |||||||
| Consumer Discretionary | — | 3.86 | 4.21 | 3.74 | 4.82 | — | |
Based on: 10-K (reporting date: 2024-09-29), 10-K (reporting date: 2023-10-01), 10-K (reporting date: 2022-10-02), 10-K (reporting date: 2021-10-03), 10-K (reporting date: 2020-09-27), 10-K (reporting date: 2019-09-29).
1 2024 Calculation
Equity turnover = Net revenues ÷ Shareholders’ deficit
= 36,176,200 ÷ -7,448,900 = —
2 Click competitor name to see calculations.