SpartanNash Co (SPTN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 131,181 | 83,170 | -23,326 | 23,391 | 38,725 |
| Total assets | US$ in thousands | 2,602,300 | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 |
| Operating ROA | 5.04% | 3.53% | -1.01% | 1.06% | 1.70% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $131,181K ÷ $2,602,300K
= 5.04%
Operating ROA measures the efficiency of SpartanNash Co in generating profits from its assets used in operations. The trend analysis indicates fluctuations in the company's performance over the years.
- In December 2020, the operating ROA was 1.70%, suggesting the company generated $0.017 for every dollar of assets employed in operations.
- By December 2021, the operating ROA decreased to 1.06%, indicating a decline in profitability relative to assets.
- The trend worsened in December 2022 as the operating ROA turned negative at -1.01%, indicating a loss on operational assets.
- The company's performance improved significantly by December 2023, with an operating ROA of 3.53%, signifying enhanced profitability from operational activities.
- The most recent data, as of December 2024, shows a notable increase in operating ROA to 5.04%, indicating SpartanNash Co's improved ability to generate profits from its operational assets.
Overall, the company has experienced variability in its operating ROA, suggesting fluctuations in operational efficiency and profitability. It is crucial for SpartanNash Co to sustain or improve its operating ROA over time to ensure effective utilization of assets in generating profits.
Peer comparison
Dec 31, 2024