SpartanNash Co (SPTN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 | 2,277,390 |
| Operating ROA | 4.53% | 2.97% | 5.08% | 4.50% | 2.50% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $106,712K ÷ $2,355,580K
= 4.53%
SpartanNash Co's operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the company's operating ROA stood at 4.53%, which represents an improvement compared to the previous year's 2.97%. The higher operating ROA in 2023 indicates that SpartanNash Co was able to generate more operating income relative to its total assets, reflecting better operational efficiency and profitability.
Comparing the 2023 operating ROA to the figures from the preceding years, the company's performance was also better than in 2021 when the operating ROA was 5.08%. However, it was lower than the 4.50% recorded in 2020. Over the five-year period, SpartanNash Co has shown an overall positive trend in improving its operating ROA, which is a favorable sign of the company's ability to generate earnings from its assets.
The increasing operating ROA over the years indicates that SpartanNash Co has been successful in managing its assets more effectively to generate operating profits. Investors and analysts may view this trend positively as it suggests that the company's operational efficiency and profitability have been on the rise. Further analysis of the company's operational strategies and financial performance may provide deeper insight into the factors contributing to the fluctuation in operating ROA and aid in assessing SpartanNash Co's financial health and performance.
Peer comparison
Dec 31, 2023