Starbucks (BUE:SBUX) ROCE % : 24.57% (As of Sep. 2024)

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What is Starbucks ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Starbucks's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.57%.

Starbucks ROCE % Historical Data

The historical data trend for Starbucks's ROCE % 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 ROCE % Chart

Starbucks Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

ROCE %

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10.05

29.16

26.80

43.17

37.29

Starbucks Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															41.48	30.95	29.90	28.75	24.57

Starbucks ROCE % Calculation

Starbucks's annualized ROCE % for the fiscal year that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2024 )		(A: Sep. 2023 )		(A: Sep. 2024 )
	=	5257785.569	/	( ( (10304453.009 - 3270387.825)	+	(29788003.341 - 8621034.621) )	/ 2 )
	=	5257785.569	/	( (7034065.184	+	21166968.72)	/ 2 )
	=	5257785.569	/	14100516.952
	=	37.29 %

Starbucks's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	5070727.176	/	( ( (26965116.514 - 6850127.152)	+	(29788003.341 - 8621034.621) )	/ 2 )
	=	5070727.176	/	( ( 20114989.362	+	21166968.72 )	/ 2 )
	=	5070727.176	/	20640979.041
	=	24.57 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Starbucks (BUE:SBUX) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Starbucks ROCE % Related Terms

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Starbucks Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Starbucks Corp (BUE:SBUX) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

SBUX:USA SBUX:Peru SBUX:Mexico SBUX_KZ:Kazakhstan 1SBUX:Italy SRBd:UK 0QZH:UK SRB0:Germany SRB:Germany SRB:Germany SRB:Germany SRB:Germany SBUX:Canada SBUB34:Brazil SBUX:Austria

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 40,000 stores across more than 80 countries as of the end of fiscal 2024. 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.