SpartanNash Co (SPTN)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,036,830 | 6,337,450 | 8,145,620 | 7,527,160 | 7,923,520 |
| Inventory | US$ in thousands | 546,312 | 575,226 | 571,065 | 522,324 | 541,785 |
| Inventory turnover | 14.71 | 11.02 | 14.26 | 14.41 | 14.62 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,036,830K ÷ $546,312K
= 14.71
SpartanNash Co's inventory turnover has exhibited a relatively stable trend over the past five years, ranging from 11.02 to 14.71. The company's inventory turnover ratio indicates that it is able to efficiently manage its inventory levels and convert them into sales. A higher inventory turnover ratio suggests that SpartanNash Co is effectively selling its inventory and replenishing it quickly. This efficiency in managing inventory is crucial for maintaining optimal liquidity and profitability. Overall, the consistent and relatively high inventory turnover ratios reflect positively on SpartanNash Co's operational effectiveness and ability to control its inventory levels.
Peer comparison
Dec 31, 2024