SpartanNash Co (SPTN)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 17.41 | 16.42 | 16.67 | 18.45 | 16.41 | 15.77 | 15.87 | 16.82 | 15.62 | 17.33 | 17.50 | 17.05 | 15.42 | 15.73 | 14.85 | 17.99 | 15.83 | 17.58 | 18.09 | 19.44 | |
| Number of days of payables | days | 20.96 | 22.23 | 21.90 | 19.78 | 22.24 | 23.14 | 23.00 | 21.70 | 23.36 | 21.06 | 20.86 | 21.41 | 23.67 | 23.20 | 24.58 | 20.29 | 23.06 | 20.76 | 20.18 | 18.78 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 17.41
= 20.96
The number of days of payables for SpartanNash Co has been relatively stable over the past few years, ranging between 18.78 days to 24.58 days. This indicates that the company takes around 19 to 25 days, on average, to pay its suppliers and vendors. A lower number of days of payables suggests that the company is paying its obligations more quickly, possibly reflecting a strong cash position or efficient working capital management. On the other hand, a higher number of days of payables could indicate that the company is taking longer to settle its payables, which may have implications for its relationships with suppliers. Overall, monitoring the trend in this ratio can provide insights into the company's liquidity and financial health.
Peer comparison
Dec 31, 2023