SpartanNash Co (SPTN)
Working capital 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 current assets | US$ in thousands | 1,091,810 | 1,077,490 | 1,066,410 | 957,193 | 1,014,740 |
| Total current liabilities | US$ in thousands | 695,239 | 659,896 | 704,970 | 655,838 | 689,554 |
| Working capital turnover | 24.08 | 17.92 | 26.68 | 29.64 | 28.75 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $9,549,320K ÷ ($1,091,810K – $695,239K)
= 24.08
The working capital turnover ratio of SpartanNash Co has shown some fluctuations over the past five years. In 2020, the ratio was 28.75, indicating that the company generated revenue 28.75 times relative to the amount of working capital employed. This ratio slightly increased to 29.64 in 2021, suggesting that the company became more efficient in utilizing its working capital to generate sales.
However, in 2022, there was a noticeable decrease in the working capital turnover to 26.68, indicating a decrease in efficiency in turning working capital into revenue. The trend continued in 2023, with the ratio dropping further to 17.92, which is a significant decline. This suggests that SpartanNash Co may have faced challenges in managing its working capital efficiently during that period.
In 2024, there was a slight improvement in the working capital turnover ratio to 24.08, although it remained below the levels seen in 2020 and 2021. Overall, the fluctuation in the working capital turnover ratio of SpartanNash Co indicates varying levels of efficiency in utilizing working capital to drive sales over the past five years. Further analysis of the company's operations and financial management may be required to understand the underlying factors contributing to these fluctuations.
Peer comparison
Dec 31, 2024