SpartanNash Co (SPTN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 106,712 | 68,544 | 112,200 | 102,406 | 56,942 |
| Revenue | US$ in thousands | 9,729,220 | 9,643,100 | 8,931,040 | 9,348,480 | 8,536,060 |
| Operating profit margin | 1.10% | 0.71% | 1.26% | 1.10% | 0.67% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $106,712K ÷ $9,729,220K
= 1.10%
SpartanNash Co's operating profit margin has shown variability over the past five years. In 2023, the company's operating profit margin improved to 1.10% from 0.71% in 2022, indicating better efficiency in generating profits from its core operations. This improvement in 2023 also compares favorably to the 1.26% margin recorded in 2021.
The operating profit margin measures the efficiency of a company in managing its operating expenses relative to its revenue. An upward trend in the operating profit margin suggests that the company is becoming more effective in controlling its costs and generating profit from its core business activities.
Overall, the fluctuating trend in SpartanNash Co's operating profit margin indicates the company's ongoing efforts to enhance operational efficiency and profitability in a competitive market environment. Further analysis of the factors influencing these fluctuations would provide a deeper understanding of the company's financial performance and prospects.
Peer comparison
Dec 31, 2023