SpartanNash Co (SPTN)
Payables 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 |
| Payables | US$ in thousands | — | — | — | — | — | 505,786 | — | 500,044 | — | 470,803 | — | — | 492,876 | — | — | 478,964 | — | — | 490,604 | — |
| Payables turnover | — | — | — | — | — | 15.33 | — | 17.68 | — | 18.76 | — | — | 16.48 | — | — | 17.00 | — | — | 14.34 | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $8,036,820K ÷ $—K
= —
The payables turnover ratio for SpartanNash Co fluctuated over the period under consideration. In October 2021, the payables turnover ratio was 14.34, indicating that the company was able to turn over its payables approximately 14.34 times during that period. However, this ratio was not available for September 2021, December 2021, March 2022, June 2022, September 2022, December 2022, March 2023, September 2023, December 2023, March 2024, June 2024, September 2024, and December 2024.
The payables turnover ratio picked up again in April 2022, reaching 17.00, suggesting an improvement in the efficiency of paying off its suppliers. The ratio continued to increase in the subsequent periods, with a peak of 18.76 in April 2023. However, a slight decline was observed in July 2023 with a payables turnover ratio of 17.68.
Overall, fluctuations in the payables turnover ratio may reflect changes in the company's payment terms with suppliers, its ability to manage working capital efficiently, and its relationship with vendors. A higher payables turnover ratio generally indicates that the company is paying off its suppliers more quickly, which could be positive in terms of cash flow management and supplier relationships.
Peer comparison
Dec 31, 2024