SpartanNash Co (SPTN)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 9,729,210 | 9,793,070 | 9,825,330 | 10,276,600 | 9,462,640 | 9,226,850 | 9,036,900 | 8,931,040 | 9,084,720 | 9,072,290 | 9,149,830 | 9,348,490 | 9,099,330 | 9,038,320 | 8,850,150 | 8,536,070 | 8,434,920 | 8,321,840 | 8,221,860 | 8,064,550 |
| Receivables | US$ in thousands | 421,859 | 427,275 | 426,186 | 410,957 | 404,016 | — | 395,467 | 361,686 | — | — | 346,725 | 357,564 | — | — | — | — | — | — | — | — |
| Receivables turnover | 23.06 | 22.92 | 23.05 | 25.01 | 23.42 | — | 22.85 | 24.69 | — | — | 26.39 | 26.14 | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $9,729,210K ÷ $421,859K
= 23.06
The receivables turnover ratio for SpartanNash Co has shown consistency and improvement over the past few quarters. The ratio ranged between 22.85 to 26.39 times during the period provided. This indicates that SpartanNash Co collects its accounts receivables approximately 23 to 26 times within a year on average. A higher ratio is generally favorable as it indicates that the company is efficient in collecting outstanding receivables, which can improve cash flow and liquidity. The slight fluctuations in the ratio may be due to seasonal variations or changes in the company's credit policies. Overall, the stable and relatively high receivables turnover ratio suggests that SpartanNash Co has effective credit and collection processes in place.
Peer comparison
Dec 31, 2023