SpartanNash Co (SPTN)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,729,210 | 9,793,070 | 9,825,330 | 10,276,600 | 9,462,640 | 9,226,850 | 9,036,900 | 8,931,040 | 9,084,720 | 9,072,290 | 9,149,830 | 9,348,490 | 9,099,330 | 9,038,320 | 8,850,150 | 8,536,070 | 8,434,920 | 8,321,840 | 8,221,860 | 8,064,550 |
| Property, plant and equipment | US$ in thousands | 649,071 | 616,320 | 609,236 | 604,302 | 610,220 | 558,409 | 575,666 | 577,359 | 559,239 | 567,043 | 564,965 | 577,059 | 562,326 | 562,806 | 585,185 | 615,816 | 618,126 | 619,613 | 623,132 | 579,060 |
| Fixed asset turnover | 14.99 | 15.89 | 16.13 | 17.01 | 15.51 | 16.52 | 15.70 | 15.47 | 16.24 | 16.00 | 16.20 | 16.20 | 16.18 | 16.06 | 15.12 | 13.86 | 13.65 | 13.43 | 13.19 | 13.93 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,729,210K ÷ $649,071K
= 14.99
The fixed asset turnover of SpartanNash Co has shown a fluctuating trend over the past few years. The ratio indicates how efficiently the company is generating revenue from its fixed assets.
The data reveals that the company's fixed asset turnover has generally been on an upward trajectory, reaching its peak in the 2nd and 3rd quarters of 2023. This suggests that SpartanNash Co has been able to utilize its fixed assets more efficiently to generate sales during those periods.
Although there were some fluctuations in the ratio over the years, overall, the company has managed to maintain a relatively high fixed asset turnover. This indicates that SpartanNash Co is effectively utilizing its fixed assets to generate sales revenue.
It is important for the company to continue monitoring and managing its fixed asset turnover to ensure efficient utilization of assets and sustainable revenue generation in the future.
Peer comparison
Dec 31, 2023