SpartanNash Co (SPTN)
Total asset 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 |
| Total assets | US$ in thousands | 2,602,300 | 2,467,430 | 2,365,880 | 2,341,800 | 2,355,580 | 2,333,780 | 2,333,780 | 2,326,910 | 2,326,910 | 2,296,190 | 2,296,190 | 2,306,560 | 2,341,480 | 2,341,480 | 2,322,320 | 2,264,230 | 2,264,230 | 2,206,780 | 2,242,680 | 2,242,680 |
| Total asset turnover | 3.67 | 3.86 | 4.04 | 4.09 | 3.86 | 3.92 | 4.20 | 4.49 | 4.49 | 4.54 | 4.27 | 3.98 | 4.11 | 4.31 | 4.26 | 4.28 | 3.98 | 3.78 | 3.73 | 3.99 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $9,549,320K ÷ $2,602,300K
= 3.67
The total asset turnover ratio of SpartanNash Co has shown some fluctuations over the reported period. The ratio, which represents how efficiently the company is generating sales from its assets, ranged between 3.67 and 4.54.
Initially, the total asset turnover was at 3.99 as of September 30, 2021, then dipped to 3.73 on October 9, 2021, before gradually increasing to 4.54 by April 22, 2023. The company experienced a peak in asset turnover efficiency during this period.
However, after reaching its peak, the total asset turnover ratio began to decline and fluctuate around the 4.00 mark, indicating some variability in the company's ability to generate sales from its assets effectively. For instance, the ratio decreased to 3.67 by the end of December 31, 2024.
Overall, the trend suggests that SpartanNash Co has shown periods of both improvement and regression in utilizing its assets to generate revenue efficiently. It is important for the company to closely monitor this ratio to ensure consistent and optimal utilization of its assets for generating sales.
Peer comparison
Dec 31, 2024