SpartanNash Co (SPTN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,243,660 | 8,305,050 | 8,333,640 | 8,686,710 | 7,996,670 | 7,772,840 | 7,600,470 | 7,527,160 | 7,665,380 | 7,657,600 | 7,730,400 | 7,923,520 | 7,725,830 | 7,699,290 | 7,560,480 | 7,292,240 | 7,232,430 | 7,153,570 | 7,076,940 | 6,954,150 |
| Inventory | US$ in thousands | 575,226 | 579,631 | 576,859 | 566,330 | 571,065 | 623,504 | 556,322 | 522,324 | 550,240 | 538,494 | 602,565 | 541,785 | 586,351 | 552,379 | 516,517 | 537,212 | 594,676 | 572,723 | 595,741 | 553,799 |
| 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 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,243,660K ÷ $575,226K
= 14.33
SpartanNash Co's inventory turnover has shown a relatively consistent performance over the past five years, ranging from 12.16 to 15.34 times. The inventory turnover ratio measures how many times a company sells and replaces its inventory within a given period, indicating the efficiency of inventory management.
The average inventory turnover for SpartanNash Co is approximately 13.76 times, suggesting that the company has been efficient in managing its inventory levels. A higher inventory turnover ratio generally indicates that the company is selling its inventory quickly, which could lead to lower carrying costs and reduced risk of obsolete inventory.
While SpartanNash Co's inventory turnover has shown some fluctuations, it has generally remained above the industry average, indicating effective inventory management practices. This consistent performance in inventory turnover reflects positively on the company's ability to maintain optimal inventory levels and effectively turn inventory into sales.
Peer comparison
Dec 31, 2023
Dec 31, 2023