SpartanNash Co (SPTN)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 778,182 | 777,267 | 768,397 | 759,454 | 766,068 | 780,410 | 795,304 | 782,869 | 765,566 | 756,176 | 750,520 | 735,049 | 723,451 | 709,251 | 685,692 | 687,538 | 689,296 | 687,645 | 693,802 | 715,947 |
| ROE | 6.71% | 5.48% | 5.33% | 5.36% | 6.74% | 8.48% | 9.24% | 9.42% | 8.31% | 9.04% | 10.66% | 10.33% | 9.57% | 6.90% | 1.99% | 0.84% | -1.99% | 0.60% | 4.14% | 4.69% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $52,237K ÷ $778,182K
= 6.71%
The return on equity (ROE) for SpartanNash Co has shown fluctuations over the past few years. From December 31, 2018, to July 15, 2023, the ROE has ranged from -1.99% to 10.66%. This indicates varying degrees of profitability relative to the shareholders' equity during this period, with some years showing positive returns and others showing negative returns.
The ROE was relatively stable between December 2018 and December 2020, ranging from 0.60% to 10.66%. However, there was a significant drop in ROE to 1.99% on April 18, 2020, followed by a further decrease to 0.84% on December 31, 2020, signaling potential challenges in profitability during this period, possibly due to specific events or economic conditions.
The ROE improved in the following years, reaching a peak of 9.42% on December 31, 2021, reflecting enhanced profitability relative to shareholders' equity. However, there was a decline in ROE in the subsequent quarters of 2022, with the lowest point at 5.36% on April 22, 2023.
Overall, the analysis of SpartanNash Co's ROE suggests a mix of positive and negative trends in profitability performance over the years, indicating the company's varying success in generating returns for its shareholders relative to the equity invested. It would be essential for stakeholders to further investigate the factors impacting the ROE to assess the company's financial health and future prospects accurately.
Peer comparison
Dec 31, 2023