SpartanNash Co (SPTN)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 299 | 41,932 | 34,518 | 73,751 | 75,914 |
| Total assets | US$ in thousands | 2,602,300 | 2,355,580 | 2,306,560 | 2,206,780 | 2,277,390 |
| ROA | 0.01% | 1.78% | 1.50% | 3.34% | 3.33% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $299K ÷ $2,602,300K
= 0.01%
SpartanNash Co's return on assets (ROA) has exhibited fluctuations over the five-year period from 2020 to 2024. The ROA was relatively stable in 2020 and 2021, with values of 3.33% and 3.34% respectively, indicating the company generated a consistent level of profit relative to its assets during these years.
However, there was a notable decline in ROA in 2022 to 1.50%, suggesting a reduction in the company's ability to generate profits from its assets efficiently. The ROA showed a slight improvement in 2023 to 1.78%, but it remained below the levels observed in 2020 and 2021.
The most significant change occurred in 2024, where the ROA plummeted to 0.01%, indicating a sharp decline in the company's profitability relative to its assets. This substantial drop may suggest potential challenges or inefficiencies in the company's operations or asset utilization during that year.
Overall, SpartanNash Co's ROA trend indicates a mix of stable performance and possible challenges in effectively generating profits from its assets, highlighting the importance of ongoing monitoring and analysis of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024