SpartanNash Co (SPTN)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 14.33 | 14.33 | 14.45 | 15.34 | 14.00 | 12.47 | 13.66 | 14.41 | 13.93 | 14.22 | 12.83 | 14.62 | 13.18 | 13.94 | 14.64 | 13.57 | 12.16 | 12.49 | 11.88 | 12.56 | |
| DOH | days | 25.47 | 25.47 | 25.27 | 23.80 | 26.07 | 29.28 | 26.72 | 25.33 | 26.20 | 25.67 | 28.45 | 24.96 | 27.70 | 26.19 | 24.94 | 26.89 | 30.01 | 29.22 | 30.73 | 29.07 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 14.33
= 25.47
The days of inventory on hand (DOH) for SpartanNash Co has shown some fluctuations over the past few years. The DOH has ranged from a low of 23.80 days in April 2023 to a high of 30.73 days in April 2018.
In general, the company seems to have managed its inventory efficiently, with the DOH staying relatively consistent around the mid-20s range. A lower DOH indicates that SpartanNash is selling its inventory more quickly, potentially leading to lower holding costs and better cash flow.
However, the slight increase in DOH from 23.80 days in April 2023 to 25.47 days in December 2023 may indicate a need for SpartanNash to reassess its inventory management practices to prevent excess inventory buildup and ensure optimal turnover. It would be essential for the company to monitor and control its inventory levels effectively to strike a balance between meeting customer demands and avoiding unnecessary carrying costs.
Peer comparison
Dec 31, 2023