SpartanNash Co (SPTN)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,549,320 | 7,484,040 | 9,643,100 | 8,931,040 | 9,348,480 |
| Property, plant and equipment | US$ in thousands | — | — | 610,220 | 860,399 | 577,059 |
| Fixed asset turnover | — | — | 15.80 | 10.38 | 16.20 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $9,549,320K ÷ $—K
= —
The fixed asset turnover of SpartanNash Co has shown fluctuations over the past five years. In 2020, it was 16.20, indicating that the company generated $16.20 in sales for every dollar invested in fixed assets. This figure decreased significantly to 10.38 in 2021, suggesting a potential decrease in efficiency in utilizing fixed assets to generate revenue.
However, the ratio improved in 2022 to 15.80, showcasing better utilization of fixed assets to drive sales. The lack of data for 2023 and 2024 hinders a complete trend analysis, but it is important to note this lack of data may be due to various reasons, including changes in reporting or business operations.
Overall, a high fixed asset turnover ratio indicates efficient utilization of fixed assets to generate revenue, while a decreasing ratio could signify potential inefficiencies. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024