SpartanNash Co (SPTN)
Total asset 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 |
| Total assets | US$ in thousands | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 | 2,277,390 |
| Total asset turnover | 4.13 | 4.18 | 4.05 | 4.10 | 3.75 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $9,729,220K ÷ $2,355,580K
= 4.13
SpartanNash Co has demonstrated a consistent trend of efficiently utilizing its total assets to generate revenue over the past five years. The total asset turnover ratio, which measures the company's ability to generate sales from its investments in assets, has ranged from 3.75 to 4.18 during this period.
The company's average total asset turnover ratio stands at approximately 4.04, indicating that SpartanNash Co has been able to generate $4.04 in revenue for every dollar of total assets invested in the business. This suggests that SpartanNash Co is effectively utilizing its assets to drive sales and generate revenue.
Furthermore, the relatively stable total asset turnover ratio over the years indicates that SpartanNash Co has maintained a consistent level of asset utilization efficiency. This consistency can be seen as a positive sign of the company's operational effectiveness and management of its asset base.
Overall, the total asset turnover ratio analysis suggests that SpartanNash Co has been successful in maximizing the revenue generated from its total asset base, which is a key indicator of operational efficiency and effectiveness in utilizing resources.
Peer comparison
Dec 31, 2023