SpartanNash Co (SPTN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 14.33 | 14.26 | 14.41 | 14.62 | 13.57 | |
| DOH | days | 25.47 | 25.59 | 25.33 | 24.96 | 26.89 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.33
= 25.47
The days of inventory on hand (DOH) for SpartanNash Co have shown relatively stable performance over the past five years. The company has consistently managed to keep its inventory for around 25 to 26 days on hand, indicating efficient inventory management practices.
The slight fluctuations in the DOH figures suggest that SpartanNash Co has been able to maintain a balanced inventory level relative to its sales volumes. This stability in inventory management is generally a positive sign, as it indicates that the company is able to efficiently control its inventory levels and minimize excess or obsolete inventory.
Overall, the analysis of SpartanNash Co's DOH figures shows that the company has been able to effectively manage its inventory levels in a consistent manner over the past five years, which is essential for maintaining a healthy balance between carrying costs and stock availability.
Peer comparison
Dec 31, 2023