SpartanNash Co (SPTN)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,549,320 | 9,532,880 | 9,546,450 | 9,579,940 | 9,086,070 | 9,153,280 | 9,796,420 | 10,439,560 | 10,436,210 | 10,420,330 | 9,809,450 | 9,175,950 | 9,630,570 | 10,097,720 | 9,894,640 | 9,694,000 | 9,003,590 | 8,346,490 | 8,359,620 | 8,944,170 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 616,320 | — | 609,236 | — | 604,302 | 604,302 | 610,220 | 558,409 | 820,106 | 822,337 | 575,666 | 844,944 | 860,399 | 559,239 | 844,819 |
| Fixed asset turnover | — | — | — | — | — | 14.85 | — | 17.14 | — | 17.24 | 16.23 | 15.04 | 17.25 | 12.31 | 12.03 | 16.84 | 10.66 | 9.70 | 14.95 | 10.59 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $9,549,320K ÷ $—K
= —
The fixed asset turnover ratio for SpartanNash Co has shown fluctuations over the past few quarters. The ratio was 10.59 as of September 30, 2021, indicating that the company generated $10.59 in revenue for every dollar invested in fixed assets.
Subsequently, the ratio increased to 14.95 by October 9, 2021, suggesting improved efficiency in utilizing fixed assets to generate sales. However, by December 31, 2021, the ratio decreased to 9.70, possibly indicating challenges in optimizing asset utilization.
The trend improved in the following periods with ratios of 10.66, 16.84, and 12.03 recorded in March 31, 2022, April 23, 2022, and June 30, 2022, respectively. This suggests that SpartanNash Co was effectively leveraging its fixed assets to drive revenue during these quarters.
The ratio further increased to 17.25 on October 8, 2022, indicating a significant improvement in asset turnover efficiency. The company maintained relatively high turnover ratios in subsequent quarters, with readings of 15.04, 16.23, and 17.14 recorded in December 31, 2022, March 31, 2023, and July 15, 2023, respectively.
However, there were instances where data was not available for some quarters, as indicated by "—". By October 7, 2023, the fixed asset turnover ratio had reduced to 14.85, suggesting a potential slowdown in asset utilization efficiency compared to the previous periods.
As of the last reported quarter in December 31, 2023, there was no available data for analysis, making it difficult to assess the company's asset turnover efficiency. The subsequent periods also lacked data.
Overall, the fixed asset turnover ratio of SpartanNash Co has shown a fluctuating trend, with periods of significant improvement followed by potential declines. It is essential for the company to consistently monitor and enhance its asset utilization to drive revenue growth and profitability in the future.
Peer comparison
Dec 31, 2024