SpartanNash Co (SPTN)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 2,355,580 | 2,333,780 | 2,326,910 | 2,296,190 | 2,306,560 | 2,341,480 | 2,264,230 | 2,206,780 | 2,242,680 | 2,209,150 | 2,275,570 | 2,277,390 | 2,321,560 | 2,296,550 | 2,314,220 | 2,277,390 | 2,334,550 | 2,291,960 | 2,359,500 | 1,971,910 |
| Operating ROA | 4.53% | 3.94% | 3.79% | 3.51% | 3.88% | 4.42% | 4.86% | 5.08% | 4.29% | 4.64% | 4.86% | 4.50% | 4.16% | 3.63% | 2.45% | 2.50% | 1.43% | 1.94% | 2.84% | 3.58% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $106,712K ÷ $2,355,580K
= 4.53%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its operational assets. SpartanNash Co's operating ROA has shown fluctuation over the past five years, ranging from 1.43% to 5.08%.
The trend in operating ROA indicates that SpartanNash Co has experienced some variability in its operational efficiency and profitability. In recent periods, the operating ROA has been relatively stable, with values ranging between 3.79% and 4.53%. This suggests that the company has been able to maintain a consistent level of profitability relative to its operational assets.
The higher operating ROA values seen in the earlier years (e.g., 2018 and 2019) suggest that SpartanNash Co was more efficient in generating profit from its assets during those periods. However, the decreasing trend in operating ROA from 2019 to 2020 and the subsequent fluctuations could indicate some challenges in maintaining profitability.
It is important for SpartanNash Co to continue monitoring and improving its operating ROA to ensure efficient use of its assets and sustained profitability. Further analysis of the company's operational performance and asset utilization may provide insights into factors influencing the fluctuations in the operating ROA.
Peer comparison
Dec 31, 2023