SpartanNash Co (SPTN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,729,220 | 9,643,100 | 8,931,040 | 9,348,480 | 8,536,060 |
| Receivables | US$ in thousands | 421,859 | 404,016 | 361,686 | 357,564 | 345,320 |
| Receivables turnover | 23.06 | 23.87 | 24.69 | 26.14 | 24.72 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $9,729,220K ÷ $421,859K
= 23.06
The receivables turnover ratio of SpartanNash Co has exhibited a decreasing trend over the past five years, from 24.72 in 2019 to 23.06 in 2023. This suggests that the company takes longer to collect its accounts receivable, indicating a potential inefficiency in collecting payments from customers. A lower receivables turnover ratio may also indicate a decrease in sales or potential issues with credit policies, customer creditworthiness, or collection efforts. It is essential for SpartanNash Co to monitor and improve its receivables turnover ratio to ensure a healthy cash flow and efficient working capital management.
Peer comparison
Dec 31, 2023