Starbucks Experiencing Growth in Returns on Capital

Starbucks has experienced a significant increase in return on capital employed (ROCE) over the past five years, rising 133%. Despite a relatively flat capital employed, the company's ROCE has improved, indicating profitable initiatives that can be reinvested. This trend suggests that Starbucks is a compounding machine, capable of long-term growth. However, the stock has only returned 0.2% to shareholders over the same period.