Starbucks (FRA:SRB) COGS-to-Revenue

: 0.72 (As of Dec. 2023)

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Starbucks's Cost of Goods Sold for the three months ended in Dec. 2023 was €6,265 Mil. Its Revenue for the three months ended in Dec. 2023 was €8,643 Mil.

Starbucks's COGS to Revenue for the three months ended in Dec. 2023 was 0.72.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Starbucks's Gross Margin % for the three months ended in Dec. 2023 was 27.51%.

Starbucks COGS-to-Revenue Historical Data

The historical data trend for Starbucks's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Starbucks Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

COGS-to-Revenue

0.72

0.78

0.71

0.74

0.73

Starbucks Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue																0.74	0.74	0.72	0.71	0.72

Starbucks COGS-to-Revenue Calculation

Starbucks's COGS to Revenue for the fiscal year that ended in Sep. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	24483.248	/	33709.137
	=	0.73

Starbucks's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	6265.036	/	8643
	=	0.72

Starbucks (FRA:SRB) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Starbucks's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	6265.036 / 8643
	=	27.51 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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Starbucks (FRA:SRB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Starbucks Corp (FRA:SRB) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SBUX:USA SBUX:Peru SBUX:Mexico SBUX_KZ:Kazakhstan SBUX:Italy SRBd:UK 0QZH:UK SRB:Germany SBUX:Chile SBUX:Canada SBUB34:Brazil SBUX:Austria SBUX:Argentina

Address

2401 Utah Avenue South, Seattle, WA, USA, 98134

Website

https://www.starbucks.com

Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.

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