SpartanNash Co (SPTN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,549,320 | 9,532,880 | 9,546,450 | 9,579,940 | 9,086,070 | 9,153,280 | 9,796,420 | 10,439,560 | 10,436,210 | 10,420,330 | 9,809,450 | 9,175,950 | 9,630,570 | 10,097,720 | 9,894,640 | 9,694,000 | 9,003,590 | 8,346,490 | 8,359,620 | 8,944,170 |
| Receivables | US$ in thousands | — | — | — | — | — | 427,275 | — | 426,186 | — | 410,957 | — | — | — | — | — | 395,467 | — | — | — | — |
| Receivables turnover | — | — | — | — | — | 21.42 | — | 24.50 | — | 25.36 | — | — | — | — | — | 24.51 | — | — | — | — |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,549,320K ÷ $—K
= —
The receivables turnover ratio for SpartanNash Co provides insight into how efficiently the company is collecting its accounts receivable during a specific period. Based on the provided data, we see variations in the receivables turnover ratio over multiple periods.
- The ratio was not available for most of the reported dates, indicating a lack of data or potentially irregular reporting practices for those periods.
- Notably, on April 23, 2022, the receivables turnover ratio was 24.51, suggesting that SpartanNash Co was able to collect its accounts receivable approximately 24.51 times during that period.
- Subsequently, on April 22, 2023, the ratio increased to 25.36, which may indicate an improvement in the company's collection efficiency compared to the previous period.
- However, on July 15, 2023, there was a slight decrease in the ratio to 24.50, which though still high, suggests a small decline in collection efficiency compared to the preceding period.
- The ratio dropped further to 21.42 on October 7, 2023, potentially signaling a slower collection of accounts receivable during that time.
In conclusion, the receivables turnover ratios reveal fluctuations in SpartanNash Co's ability to convert its accounts receivable into cash across the reported periods, with some periods showing better collection efficiency than others. It is essential for the company to continue monitoring and managing its accounts receivable effectively to maintain healthy cash flow and financial stability.
Peer comparison
Dec 31, 2024