SpartanNash Co (SPTN)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 9,549,320 | 7,484,040 | 9,643,100 | 8,931,040 | 9,348,480 |
| Total assets | US$ in thousands | 2,602,300 | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 |
| Total asset turnover | 3.67 | 3.18 | 4.18 | 4.05 | 4.10 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,549,320K ÷ $2,602,300K
= 3.67
SpartanNash Co's total asset turnover has displayed some variability over the past five years. The ratio was at its highest in December 31, 2022, at 4.18, indicating that the company generated $4.18 in revenue for every dollar of assets. This suggests efficient asset utilization and effective management of resources to generate sales.
However, the total asset turnover decreased in the following year to 3.18 on December 31, 2023, which could indicate potential challenges in efficiently utilizing assets to drive revenue. Further, the ratio increased to 3.67 on December 31, 2024, showing a partial recovery in asset turnover.
Overall, SpartanNash Co's total asset turnover has demonstrated some fluctuations, with both peaks and declines. It is essential for the company to continuously monitor and improve its asset utilization efficiency to ensure sustainable growth and profitability in the long term.
Peer comparison
Dec 31, 2024