Quantitative and Qualitative Disclosures About Market Risk There has been no material change in the commodity price risk, foreign currency exchange risk, equity security price risk, or interest rate risk discussed in Item 7A of the 10-K. Over the years, Starbucks have developed much successful strengths. A ratio higher than one is considered to have an adequate amount of income to pay for its borrowings. A ratio of 2 is the ideal rate for a good standing company using the current ratio. Sep 30, 2018 Oct 1, 2017 Oct 2, 2016 Sep 27, 2015 Sep 28, 2014 Sep 29, 2013 Cash and cash equivalents 8,756,300 2,462,300 2,128,800 1,530,100 1,708,400 2,575,700 Short-term investments 181,500 228,600 134,400 81,300 135,400 658,100 Accounts receivable, net 693,100 870,400 768,800 719,000 631,000 561,400 Inventories 1,400,500 1,364,000 1,378,500 1,306,400 1,090,900 1,111,200 Income tax receivable 955,400 68,000 — — — — Other prepaid expenses and current assets 507,400 290,100 350,000 334,200 285,600 287,700 Prepaid expenses and current assets 1,462,800 358,100 350,000 334,200 285,600 287,700 Deferred income taxes, net — — — 381,700 317,400 277,300 Current assets 12,494,200 5,283,400 4,760,500 4,352,700 4,168,700 5,471,400 Long-term investments 267,700 542,300 1,141,700 312,500 318,400 58,300 Equity method investments 296,000 432,800 305,700 306,400 469,300 450,900 Cost method investments 38,700 48,800 48,800 45,600 45,600 45,600 Equity and cost investments 334,700 481,600 354,500 352,000 514,900 496,500 Property, plant and equipment, net 5,929,100 4,919,500 4,533,800 4,088,300 3,519,000 3,200,500 Deferred income taxes, net 134,700 795,400 885,400 828,900 903,300 967,000 Other long-term assets 412,200 362,800 417,700 415,900 198,900 185,300 Other intangible assets 1,042,200 441,400 516,300 520,400 273,500 274,800 Goodwill 3,541,600 1,539,200 1,719,600 1,575,400 856,200 862,900 Noncurrent assets 11,662,200 9,082,200 9,569,000 8,093,400 6,584,200 6,045,300 Total assets 24,156,400 14,365,600 14,329,500 12,446,100 10,752,900 11,516,700 Based on: , , , , ,. We plan to open approximately 500 net new stores globally in fiscal 2011: approximately 100 in the U. Operating expenses included in Other relate to the Seattles Best Coffee and Digital Ventures businesses as well as expenses pertaining to corporate administrative functions that support our operating segments but are not specifically attributable to or managed by any segment and are not included in the reported financial results of the operating segments.
The lower rate was primarily due to an increase in income in foreign jurisdictions with lower tax rates. A company needs to focus on converting noncash assets into cash quickly in order to pay off its current liabilities. Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis in millions Assets and liabilities recognized or disclosed at fair value in the financial statements on a nonrecurring basis include items such as property, plant and equipment, equity and cost method investments, and other assets. For the first quarter of fiscal 2011 we derived 17% of total net revenues from channels outside the company-operated retail stores, collectively known as specialty operations. A high profitability could be attributed to effective competency.
The resulting impairment charge was included in store operating expenses. We purchase, roast and sell high quality whole bean arabica coffee and related products and risk arises from the price volatility of green coffee. Also contributing to the decrease were lower salaries and benefits as a percentage of revenues approximately 100 basis points primarily from increased sales leverage. Salaries and benefits declined as a percent of total revenues primarily due to increased sales leverage. To gauge this effect, return on financial leverage is calculated by subtracting return on assets fromreturn on equity. Debt to Equity Year Starbucks Dunkin Donuts 2011 1.
Bond quotes are updated in real-time. They have already succeeded in expanding their product line by introducing the world to cold coffee beverages, flavored herbal drinks, and hot sandwiches and salads for lunch. A company could face a short-term liquidity problem when some of its assets are not easy to liquidate. Starbucks generally has a lower Debt-to-Equity ratio than Dunkin Donuts illustrating that they are relying more heavily on equity financing. The difference between the current ratio and quick ratio is the use of inventory. Dunkin Donuts consistently outnumbered Starbucks in comparing Net Profit Margins. These will break down the companies to finance operations and growth by using different sources of funds.
Partially offsetting these improvements were higher coffee and dairy costs approximately 70 basis points. With a continued growth rate in store openings and maintaining successful profitability of its operations, Starbucks has demonstrated its ability to sustain a reliable and steady growth. Yes x No ¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. Apart from analyzing , one needs to check balance sheet items like cash, fixed assets and debt. Current Ratio Year Starbucks Dunkin Donuts 2011 1. While share price is an important factor, one should also look at financials and valuation metrics like the. To find the quick ratio, divide the quick assets by current liabilities.
Profitability Ratios Companies calculate profitability ratios to measure their earnings in comparison to their expenses and other costs incurred during a time period. With the growing popularity and brand of Starbucks coffee, we decided to dig deeper into their financial statements and analyze how really stable this coffeehouse chain out of Seattle, Washington really is. In order to mitigate the risk of higher coffee prices on our results for fiscal 2011 we have essentially locked in all of our coffee costs for the remainder of the year with fixed-price purchase commitments. It provides the foundation for making forecasts of future performance. At this time the Company is unable to estimate the range of possible outcomes with respect to this matter. A higher turnover tends to be common in the food and beverage industry due to high sales and the need for inventory to be replenished. The decrease was primarily due to increased coffee costs approximately 390 basis points partially offset by supply chain efficiencies approximately 200 basis points.
The effective tax rate for the 13 weeks ended January 2, 2011 was 31. The resulting impairment charge was included in other operating expenses. This information should be read in conjunction with the condensed consolidated financial statements and the notes included in Item 1 of Part I of this 10-Q and the audited consolidated financial statements and notes, and Managements Discussion and Analysis of Financial Condition and Results of Operations, contained in the 10-K. The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Starbucks stock analysis. Starbucks have noted and viable strengths, but they have weaknesses that could overshadow the success of these strengths placing them a step or two behind their competitors. After expenses were all paid, Dunkin had more of its sales dollar left over possibly due to Starbucks having more expenses.
It includes a five-part discussion of the business; the financial data, which is the largest part of the report; a five-part discussion of relating to governance and the executive and the last part is the exhibits. All references to store counts, including data for new store openings, are reported net of store closures, unless otherwise noted. The change primarily reflects dividend payments and common share repurchases in the first quarter of fiscal 2011, which did not occur in the first quarter of fiscal 2010. Oath und seine Partner benötigen Ihre Einwilligung, um auf Ihr Gerät zuzugreifen und Ihre Daten einschließlich Standort zu nutzen, um mehr über Ihre Interessen zu erfahren, personalisierte Anzeigen bereitzustellen und deren Effektivität zu messen. The profitability of our international business continues to improve, reaching record levels in the first quarter of fiscal 2011 for revenues, operating income and operating margin. This decrease was partially offset by increased capital expenditure for remodeling and renovating our existing company-operated retail stores, opening new retail stores and investment in information technology systems.
Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. The price and availability of these commodities directly impact our results of operations and can be expected to impact future results of operations. Another major threat is the economy. Copyright FactSet Research Systems Inc. All quotes are in local exchange time. Also check and for the same period. The two main sections are the written section from management to shareholders, and the second section is the 10-K.