SpartanNash Co (SPTN)
Total asset 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 |
| Total assets | US$ in thousands | 2,355,580 | 2,333,780 | 2,326,910 | 2,296,190 | 2,306,560 | 2,341,480 | 2,264,230 | 2,206,780 | 2,242,680 | 2,209,150 | 2,275,570 | 2,277,390 | 2,321,560 | 2,296,550 | 2,314,220 | 2,277,390 | 2,334,550 | 2,291,960 | 2,359,500 | 1,971,910 |
| Total asset turnover | 4.13 | 4.20 | 4.22 | 4.48 | 4.10 | 3.94 | 3.99 | 4.05 | 4.05 | 4.11 | 4.02 | 4.10 | 3.92 | 3.94 | 3.82 | 3.75 | 3.61 | 3.63 | 3.48 | 4.09 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,729,210K ÷ $2,355,580K
= 4.13
Total asset turnover is a key financial ratio that measures a company's ability to generate sales from its assets. In the case of SpartanNash Co, the total asset turnover has shown a generally increasing trend over the past few years. The ratio has ranged from 3.48 to 4.48, indicating that the company has been efficient in utilizing its assets to generate revenue.
The increasing trend in total asset turnover suggests that SpartanNash has been able to effectively manage its assets to generate sales, which is a positive indicator of operational efficiency. A higher total asset turnover ratio generally signifies that the company is generating more revenue per dollar of assets, reflecting better asset utilization.
It is important for SpartanNash to continue monitoring and improving its total asset turnover ratio to ensure optimal utilization of resources and sustainable growth in revenue. By maintaining or further enhancing its efficiency in generating sales from its assets, SpartanNash can strengthen its financial performance and create value for its stakeholders.
Peer comparison
Dec 31, 2023