SpartanNash Co (SPTN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 110,697 | 105,203 | 103,355 | 100,300 | 105,470 | 117,714 | 118,956 | 120,198 | 71,362 | 54,876 | 27,335 | -4,170 | 37,029 | 45,878 | 82,459 | 112,382 | 106,964 | 104,736 | 97,304 | 104,768 |
| Total assets | US$ in thousands | 2,602,300 | 2,467,430 | 2,365,880 | 2,341,800 | 2,355,580 | 2,333,780 | 2,333,780 | 2,326,910 | 2,326,910 | 2,296,190 | 2,296,190 | 2,306,560 | 2,341,480 | 2,341,480 | 2,322,320 | 2,264,230 | 2,264,230 | 2,206,780 | 2,242,680 | 2,242,680 |
| Operating ROA | 4.25% | 4.26% | 4.37% | 4.28% | 4.48% | 5.04% | 5.10% | 5.17% | 3.07% | 2.39% | 1.19% | -0.18% | 1.58% | 1.96% | 3.55% | 4.96% | 4.72% | 4.75% | 4.34% | 4.67% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $110,697K ÷ $2,602,300K
= 4.25%
SpartanNash Co's Operating Return on Assets (Operating ROA) is a key financial ratio that indicates the company's efficiency in generating profits from its assets. Based on the provided data, the trend of SpartanNash Co's Operating ROA shows some fluctuations over the reporting periods.
In September 2021, the Operating ROA was at 4.67%, indicating that the company generated $4.67 in operating profit for every $100 of assets. The ratio slightly declined to 4.34% by October 2021, but then increased to 4.75% by the end of December 2021.
During the first half of 2022, the Operating ROA remained relatively stable, ranging between 4.72% and 4.96%. However, a noticeable decline is observed in the third quarter of 2022, where the ratio dropped to 1.96% in September and further decreased to 1.58% by October.
The performance slightly improved in the following quarters of 2022 and 2023, with the Operating ROA gradually increasing from negative figures to 5.17% in July 2023. The ratio continued to rise, reaching 5.10% by September 2023. However, there was a slight dip in the following months.
Overall, based on the data provided, SpartanNash Co's Operating ROA has shown some variability, with periods of both growth and decline. It is important for the company to assess the reasons behind these fluctuations and implement strategies to maintain a steady and healthy Operating ROA to ensure efficient utilization of its assets for generating operating profits.
Peer comparison
Dec 31, 2024