SpartanNash Co (SPTN)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 106,712 | 91,936 | 88,165 | 80,528 | 89,568 | 103,533 | 110,154 | 112,200 | 96,253 | 102,520 | 110,571 | 102,406 | 96,584 | 83,365 | 56,763 | 56,942 | 33,498 | 44,525 | 66,973 | 70,512 |
| 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 |
| Operating profit margin | 1.10% | 0.94% | 0.90% | 0.78% | 0.95% | 1.12% | 1.22% | 1.26% | 1.06% | 1.13% | 1.21% | 1.10% | 1.06% | 0.92% | 0.64% | 0.67% | 0.40% | 0.54% | 0.81% | 0.87% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $106,712K ÷ $9,729,210K
= 1.10%
The operating profit margin of SpartanNash Co has shown some fluctuations over the past five years. Between December 2018 and December 2023, the operating profit margin has ranged from a low of 0.40% to a high of 1.26%. There seems to be some variation in the company's ability to generate profit from its core operations.
In general, the operating profit margin has averaged around 1% over the period. This indicates that, on average, SpartanNash Co has been able to convert around 1% of its revenue into operating profit. The declining trend from 1.26% in December 2021 to 0.90% in July 2023 suggests a possible challenge in maintaining profitability in the face of various factors impacting the business.
It would be important for SpartanNash Co to closely monitor its operating expenses and revenue generation strategies to ensure that it can maintain a healthy operating profit margin in the future. Additionally, the company may consider implementing cost-cutting measures or revenue-enhancing initiatives to improve its profitability.
Peer comparison
Dec 31, 2023