SpartanNash Co (SPTN)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 52,237 | 34,518 | 73,751 | 75,914 | 5,742 |
| Total stockholders’ equity | US$ in thousands | 778,182 | 766,068 | 782,869 | 735,049 | 687,538 |
| ROE | 6.71% | 4.51% | 9.42% | 10.33% | 0.84% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $52,237K ÷ $778,182K
= 6.71%
SpartanNash Co's return on equity (ROE) has fluctuated over the past five years, ranging from 0.84% in 2019 to 10.33% in 2020. The downward trend continued in 2022 with an ROE of 4.51%, before showing a slight improvement to 6.71% in 2023.
The ROE indicates the company's efficiency in generating profits from shareholders' equity. A low ROE in 2019 suggests that SpartanNash Co was not effectively utilizing its equity to generate returns. The significant increase in 2020 to 10.33% indicates a notable improvement in profitability and efficiency, but this positive trend was not sustained.
The decline in ROE in 2022 and the moderate improvement in 2023 suggest that the company may be facing challenges in maintaining profitability and efficiently using shareholder equity. This inconsistency in ROE performance over the years may indicate fluctuations in the company's financial health, operational efficiency, or strategic decisions.
Overall, SpartanNash Co's ROE performance has been mixed, highlighting the need for further analysis to understand the factors driving these fluctuations and to identify opportunities for improvement in the company's financial performance.
Peer comparison
Dec 31, 2023