SpartanNash Co (SPTN)

Short-term

Turnover ratios

SpartanNash Co's inventory turnover ratio has shown relatively stable performance over the years, ranging from 11.02 to 14.71 times. This indicates that the company efficiently manages its inventory by regularly selling and replenishing stock. A high inventory turnover ratio suggests effective inventory management, which can lead to lower holding costs and potential higher profits.

The receivables turnover ratio is not provided in the dataset, indicating that specific data on how quickly SpartanNash Co collects its accounts receivable is not available for analysis. A higher receivables turnover ratio generally indicates a more efficient collection process and effective management of credit sales.

Similarly, the payables turnover ratio is not available for assessment, preventing an analysis of how effectively the company manages its accounts payable and pays its suppliers.

The working capital turnover ratio shows the efficiency of SpartanNash Co in using its working capital to generate sales. The company's working capital turnover ratio has fluctuated over the years but generally indicates that SpartanNash Co effectively utilizes its working capital to generate revenue. A higher working capital turnover ratio suggests that the company efficiently uses its resources to drive sales and operations.

In summary, SpartanNash Co's inventory turnover and working capital turnover ratios show good efficiency in managing inventory and working capital to drive sales, while data limitations prevent an in-depth analysis of receivables and payables turnover ratios.

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Average number of days

The Days of Inventory on Hand (DOH) for SpartanNash Co has shown a slight increase from approximately 24.96 days at the end of 2020 to around 25.33 days at the end of 2021 and further to 25.59 days by the end of 2022. However, there was a notable jump to 33.13 days by the end of 2023 before decreasing again to 24.81 days by the end of 2024. This suggests that the company may have experienced some challenges in managing its inventory efficiently in 2023 but made improvements in the following year.

On the other hand, the Days of Sales Outstanding (DSO) data is not available for analysis. This lack of information makes it challenging to assess how quickly SpartanNash Co is collecting its accounts receivable, which is an important aspect of its working capital management.

Regarding the Number of Days of Payables, the data is also not provided, making it impossible to evaluate how long the company takes to pay its suppliers. This information is crucial for understanding the company's cash flow management and relationships with its vendors.

In conclusion, while the inventory management of SpartanNash Co seems to have fluctuated over the years, the lack of data on Days of Sales Outstanding and Number of Days of Payables hinders a comprehensive analysis of the company's activity ratios and working capital efficiency.

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Long-term

The fixed asset turnover ratio measures how efficiently a company generates sales from its fixed assets. A higher ratio indicates better utilization of fixed assets to generate revenue.

Looking at SpartanNash Co's fixed asset turnover over the past few years, we see a notable decrease from 16.20 in December 2020 to 10.38 in December 2021. This decline suggests a potential decrease in the efficiency of using fixed assets to generate sales during that period. However, in December 2022, the ratio improved significantly to 15.80, indicating a better utilization of fixed assets to generate revenue.

It is notable that the data is not available for December 31, 2023, and December 31, 2024, which makes it challenging to assess the trend for those years.

In comparison, the total asset turnover ratio measures how well a company utilizes all its assets to generate sales. A higher ratio indicates that the company is generating more sales for each dollar of assets it owns.

SpartanNash Co's total asset turnover has been relatively stable over the years, ranging from 4.05 in December 2021 to 4.18 in December 2022. However, there was a noticeable decrease to 3.18 in December 2023, which rebounded to 3.67 in December 2024.

Overall, combining the information from the fixed asset turnover and total asset turnover ratios, we can see that while there were fluctuations in the efficiency of utilizing fixed assets to generate sales, the overall asset utilization remained relatively stable for SpartanNash Co during the period under review.