SpartanNash Co (SPTN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 52,237 | 42,582 | 40,919 | 40,740 | 51,648 | 66,174 | 73,524 | 73,751 | 63,599 | 68,375 | 80,028 | 75,914 | 69,245 | 48,956 | 13,675 | 5,742 | -13,690 | 4,112 | 28,698 | 33,572 |
| 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 |
| ROA | 2.22% | 1.82% | 1.76% | 1.77% | 2.24% | 2.83% | 3.25% | 3.34% | 2.84% | 3.10% | 3.52% | 3.33% | 2.98% | 2.13% | 0.59% | 0.25% | -0.59% | 0.18% | 1.22% | 1.70% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $52,237K ÷ $2,355,580K
= 2.22%
The return on assets (ROA) for SpartanNash Co has shown fluctuations over the past few years. The ROA ranged from -0.59% to 3.52% during the period under review.
The ROA peaked at 3.52% in the third quarter of 2021, indicating that the company generated $0.0352 in profit for every dollar of assets it owned during that period. This could suggest efficient asset utilization or strong profitability.
However, the ROA dipped to -0.59% in the first quarter of 2020, indicating a loss situation where the company's assets were not generating sufficient profits.
Overall, the trend in ROA indicates variability in the company's ability to generate profits from its assets. It is important for SpartanNash Co to focus on optimizing asset utilization and profitability to ensure consistent positive ROA figures in the future.
Peer comparison
Dec 31, 2023