Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
This indicates that the company was able to increase revenues at its stores faster than costs, and those increased margins can be expected to have a positive impact on the company's overall financial health. Depreciation expenses grew more quickly than the overall expense base, but are a smaller category. The figures below the litigation charge are not all that useful because of the distortion provided by the litigation charge. Normally, unusual expenses are held separate from ongoing expenses, so Starbucks' rendering of its statements in this way seems like deliberate obfuscation.
Starbucks 2014 Annual Report
Income Statement
2012
2013
2014
Net Revenues
10534
11793
12977.9
Cost of sales
Gross margin
Store operating expenses
other operating expenses
D & A Exp
G&A Exp
Litigation Charge
0
#DIV/0!
-20.2
#DIV/0!
Total Operating Expenses
11490.1
15443.6
13635
Income from Equity Investees
Operating Income
1997.4
-325.4
-16.29%
Interest income
94.4
Interest Expense
-32.7
-28.1
85.93%
-64.1
Earnings before taxes
…
Financial Statement Analysis The following is an equity research report on Starbucks. The company competes primarily in the quick service food industry, where it holds the #5 market share in the United States, and #1 in its segment of coffee (QSR Magazine, 2011). The company had revenues last fiscal year (ended 10/2/11) of $11.7 billion and net income of $1.245 billion. The current stock price is $43.91, which gives the company
Financial statement analysis is a tool by which one can examine the publicly-available financial statements to determine the financial condition of a company. The role of the financial statements is to provide information for both internal and external stakeholders, including shareholders and regulators, about a company's finances. Thus, the SEC demands that financial statements are produced in a specific format so that there is easy comparison between companies and across
.....K, which is for the year ended October 2, 2016. This was used because many ratios are compared on an annual basis -- a quarterly report would yield different numbers. The first section is the liquidity ratios. These reveal the short-term health of Starbucks. The basic liquidity measure is the current ratio, which is the current assets over current liabilities. Starbucks, at 1.05, is at the industry average, and 1.05 is
Starbucks Ratio Analysis Ratio analysis is a tool that is beneficial in undertaking quantitative analysis on figures found on financial statements. Ratios provide a common approach for comparing financial strength and performance of two or more companies. Imperatively, ratios can divulge a company’s financial strength or weakness in addition to divulge trends regarding business conditions and profitability (Noreen, Brewer, and Garrison, 2017). The main purpose of this assignment is to perform
Financial Statements: Accounting Accounting: Financial Statements Are the assets included under the company's assets listed in the proper order? Explain your answer. When it comes to the listing of current assets in a balance sheet, it is their liquidity that is taken into consideration. In that regard therefore, the assets that would ordinarily be turned into cash quickly come first. Looking at the company's current assets, one would conclude that based on my
Introduction Over the past 20 years, Starbucks has experienced both periods of strong growth, and periods of retraction, most notably during the Great Recession. The company’s investment strategies should have reflected its strategic priorities during this period, and an analysis of the company’s financials over this time should illustrate that. Starbucks’ growth since 1998 has mainly been in overseas markets, but the company has also branched out into other business lines,