SpartanNash Co (SPTN)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.71 | 11.02 | 14.26 | 14.41 | 14.62 | |
| DOH | days | 24.81 | 33.13 | 25.59 | 25.33 | 24.96 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.71
= 24.81
SpartanNash Co's days of inventory on hand (DOH) has shown fluctuations over the past five years. The DOH was 24.96 days as of December 31, 2020, and increased slightly to 25.33 days by December 31, 2021. Subsequently, the DOH continued to rise to 25.59 days by the end of 2022.
However, there was a significant increase in DOH to 33.13 days as of December 31, 2023, indicating that SpartanNash Co may have been holding inventory for a longer period before it was sold. Nevertheless, the DOH decreased to 24.81 days by December 31, 2024, which could suggest improved inventory management efficiency or adjustments in the company's inventory strategy.
Overall, fluctuations in the days of inventory on hand can reflect changes in demand, supply chain disruptions, inventory management practices, or other operational factors within SpartanNash Co that may warrant further investigation to assess the underlying reasons for these variations.
Peer comparison
Dec 31, 2024