SpartanNash Co (SPTN)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,036,820 | 8,045,910 | 8,066,590 | 8,105,550 | 7,699,640 | 7,753,440 | 8,297,460 | 8,841,480 | 8,849,070 | 8,834,360 | 8,318,930 | 7,777,850 | 8,123,330 | 8,491,110 | 8,316,500 | 8,140,620 | 7,571,310 | 7,031,160 | 7,033,400 | 7,529,400 |
| Inventory | US$ in thousands | 546,312 | 557,955 | 527,595 | 555,368 | 575,226 | 579,631 | 579,631 | 576,859 | 576,859 | 566,330 | 566,330 | 571,065 | 623,504 | 623,504 | 591,609 | 556,322 | 556,322 | 522,324 | 550,240 | 550,240 |
| Inventory turnover | 14.71 | 14.42 | 15.29 | 14.59 | 13.39 | 13.38 | 14.32 | 15.33 | 15.34 | 15.60 | 14.69 | 13.62 | 13.03 | 13.62 | 14.06 | 14.63 | 13.61 | 13.46 | 12.78 | 13.68 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,036,820K ÷ $546,312K
= 14.71
SpartanNash Co's inventory turnover has shown a generally positive trend over the period from September 30, 2021, to December 31, 2024, indicating efficiency in managing its inventory. The inventory turnover ratio measures how many times a company's inventory is sold and replaced over a specific time period.
Initially starting at 13.68 in September 2021, the inventory turnover ratio decreased slightly to 12.78 by October 9, 2021. However, it began to improve thereafter and reached a peak of 15.60 on April 22, 2023. This upward trend suggests an enhancement in inventory management efficiency during this period.
Following the peak, the inventory turnover ratio exhibited some fluctuations but generally remained above 13.00, indicating that SpartanNash Co continued to effectively manage and sell its inventory. As of December 31, 2024, the inventory turnover ratio stood at 14.71.
Overall, the increasing trend in inventory turnover ratios demonstrates that SpartanNash Co has been efficiently managing its inventory levels and turning its inventory into sales at a faster rate, which is a positive sign for the company's operations. This could imply effective demand forecasting, inventory control, and the ability to adapt to changing market conditions to optimize sales and minimize holding costs.
Peer comparison
Dec 31, 2024
Dec 31, 2024