SpartanNash Co (SPTN)
Working capital 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 current assets | US$ in thousands | 1,091,810 | 1,139,760 | 1,044,830 | 1,066,100 | 1,077,490 | 1,088,050 | 1,088,050 | 1,085,360 | 1,085,360 | 1,068,880 | 1,068,880 | 1,066,410 | 1,146,480 | 1,146,480 | 1,121,610 | 1,031,890 | 1,031,890 | 957,193 | 1,007,230 | 1,007,230 |
| Total current liabilities | US$ in thousands | 695,239 | 701,627 | 643,255 | 608,027 | 659,896 | 682,366 | 682,366 | 670,532 | 670,532 | 634,224 | 634,224 | 704,970 | 702,622 | 702,622 | 704,288 | 661,625 | 661,625 | 655,838 | 702,045 | 702,045 |
| Working capital turnover | 24.08 | 21.76 | 23.77 | 20.91 | 21.76 | 22.56 | 24.15 | 25.17 | 25.16 | 23.97 | 22.57 | 25.39 | 21.70 | 22.75 | 23.71 | 26.18 | 24.32 | 27.70 | 27.39 | 29.31 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $9,549,320K ÷ ($1,091,810K – $695,239K)
= 24.08
The working capital turnover ratio for SpartanNash Co has varied over the provided time period. This ratio indicates how efficiently the company is using its working capital to generate sales revenue. A higher turnover ratio typically signifies that the company is managing its working capital effectively.
From the data provided, we observe that the working capital turnover ratio fluctuated between 20.91 and 29.31 over the period analyzed. The ratio peaked at September 30, 2021, with a value of 29.31, which suggests the company was able to generate significant sales revenue relative to its working capital at that time.
However, the ratio declined over the subsequent quarters, reaching its lowest point at March 31, 2024, with a value of 20.91. This decrease may indicate potential inefficiencies in managing working capital or challenges in generating sales during that period.
Overall, despite the fluctuations in the working capital turnover ratio, it is essential for SpartanNash Co to closely monitor and manage its working capital to ensure optimal utilization and efficiency in generating sales revenue. Additionally, analyzing the trend of this ratio can provide insights into the company's liquidity management and operational performance.
Peer comparison
Dec 31, 2024