Starbucks Calculated Tax Rate Trend from 2010 to 2020

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SBUX -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Starbucks Calculated Tax Rate yearly trend continues to be fairly stable with very little volatility. Calculated Tax Rate is likely outpace its year average in 2020. During the period from 2010 to 2020, Starbucks Calculated Tax Rate regression line of anual values had r-squared of 0.49 and arithmetic mean of  31.94. Starbucks Gross Profit is fairly stable at the moment as compared to the last year. Starbucks reported Gross Profit of 2.82 Billion in 2019. Interest Expense is likely to grow to about 35.8 M in 2020, whereas Direct Expenses is likely to drop slightly above 8.4 B in 2020. Check Starbucks fundamental indicators over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 8.4 B, Consolidated Income of 1 B or Cost of Revenue of 8.1 B, as well as many exotic indicators such as Interest Coverage of 19.03, Long Term Debt to Equity of 7.55 or Calculated Tax Rate of 31.03. This can be a perfect complement to check Starbucks Valuation or Volatility. It can also complement various Starbucks Technical models. Additionally, take a look at the analysis of Starbucks Correlation with competitors.

Starbucks Calculated Tax Rate Marginal Breakdown

Showing smoothed Calculated Tax Rate of Starbucks Corporation with missing and latest data points interpolated.
Calculated Tax Rate10 Years Trend
Slightly volatile
 Calculated Tax Rate 

Starbucks Calculated Tax Rate Regression Statistics

Arithmetic Mean 31.94
Geometric Mean 31.16
Coefficient Of Variation 21.43
Mean Deviation 5.79
Median 36.49
Standard Deviation 6.84
Sample Variance 46.83
Range 15.58
Mean Square Error 26.49
R-Squared 0.49
Significance 0.016335
Total Sum of Squares 468.30

Starbucks Calculated Tax Rate Over Time

2017  20.91 
2019  23.03 
2020  31.03 

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Starbucks Fundamental Drivers

Starbucks Corporation Fundamental Market Drivers

Short Percent Of Float1.39%
Forward Price Earnings25.76
Shares Short Prior Month16.19M
Average Daily Volume Last 10 Day6.41M
Average Daily Volume In Three Month7.2M
Date Short InterestJanuary 15, 2020
Fifty Day Average89.27
Two Hundred Day Average88.72

Starbucks Upcoming Events

Starbucks Upcoming Company Events

Upcoming Quarterly Earning ReportApril 23, 2020
Next Earnings ReportJuly 23, 2020
Next Fiscal Quarter EndMarch 31, 2020
Next Fiscal Year EndNovember 4, 2020
Last Quarter Report DateDecember 31, 2019
Last Earning Anouncement DateMarch 31, 2019
Additionally, take a look at the analysis of Starbucks Correlation with competitors. Please also try Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.