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SpartanNash Co (SpartanNash Co) EBIT : $110 Mil (TTM As of Dec. 2023)


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What is SpartanNash Co EBIT?

SpartanNash Co's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $24 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $110 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. SpartanNash Co's annualized ROC % for the quarter that ended in Dec. 2023 was 5.36%. SpartanNash Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.47%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. SpartanNash Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 7.27%.


SpartanNash Co EBIT Historical Data

The historical data trend for SpartanNash Co's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

SpartanNash Co EBIT Chart

SpartanNash Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 38.12 103.78 112.51 69.71 110.01

SpartanNash Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.54 25.35 36.47 23.86 24.33

Competitive Comparison of SpartanNash Co's EBIT

For the Food Distribution subindustry, SpartanNash Co's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


SpartanNash Co's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, SpartanNash Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where SpartanNash Co's EV-to-EBIT falls into.



SpartanNash Co EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $110 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


SpartanNash Co  (NAS:SPTN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

SpartanNash Co's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

ROC % (Q: Dec. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Sep. 2023 ) + Invested Capital (Q: Dec. 2023 ))/ count )
=130.072 * ( 1 - 29.72% )/( (1685.638 + 1728.507)/ 2 )
=91.4146016/1707.0725
=5.36 %

where

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2333.776 - 630.584 - ( 17.554 - max(0, 682.366 - 1088.054+17.554))
=1685.638

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2355.575 - 609.104 - ( 17.964 - max(0, 659.896 - 1077.489+17.964))
=1728.507

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

SpartanNash Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Dec. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Sep. 2023  Q: Dec. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=97.328/( ( (867.746 + max(439.916, 0)) + (891.217 + max(407.77, 0)) )/ 2 )
=97.328/( ( 1307.662 + 1298.987 )/ 2 )
=97.328/1303.3245
=7.47 %

where Working Capital is:

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(427.275 + 579.631 + 63.594) - (630.584 + 0 + 0)
=439.916

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(379.208 + 575.226 + 62.44) - (609.104 + 0 + -1.1368683772162E-13)
=407.77

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

SpartanNash Co's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Dec. 2023 )
=110.012/1512.794
=7.27 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


SpartanNash Co EBIT Related Terms

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SpartanNash Co (SpartanNash Co) Business Description

Traded in Other Exchanges
Address
850 76th Street SW, P.O. Box 8700, Grand Rapids, MI, USA, 49518-8700
SpartanNash Co is a food solutions company that delivers the ingredients for a better life. The company operates in two segments: Retail and Wholesale. The Company's Wholesale segment uses a multi-channel sales approach to distribute national brand and private brand products to independent retailers, national accounts, food service distributors, e-commerce providers, and the Company's corporate owned retail stores. Majority of the revenue is earned from wholesale segment.
Executives
Kerrie D. Macpherson director 5790 WIDEWATERS PARKWAY, C/O COMMUNITY BANK SYSTEM INC., DEWITT NY 13214
William R Voss director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Hawthorne L. Proctor director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Bennett John Morgan officer: SVP and Chief Mdsing Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
Matthew Mannelly director C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Yvonne Trupiano officer: Sr. VP Chief HR Officer 850 76TH STREET SW, PO BOX 8700, GRAND RAPIDS MI 49518
Pamela Puryear director 253 DOLPHIN COVE QUAY, STAMFORD CT 06902
Julien Mininberg director ONE HELEN OF TROY PLAZA, EL PASO TX 79912
Jaymin B Patel director C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817
Frank Gambino director C/O 850 - 76TH STREET SW, GRAND RAPIDS MI 49518
Ileana Mcalary officer: SVP CLO and Secretary 850 76TH STREET SW, GRAND RAPIDS MI 49518
Kathleen M Mahoney officer: Exec VP Gen Counsel and Secy C/O SPARTANNASH, 850 76TH SW, GRAND RAPIDS MI 49518
Robert Todd Riksen officer: VP, Corporate Controller 850 76TH STREET SW, GRAND RAPIDS MI 49518
Masiar Tayebi officer: E.V.P., Chief Strategy Officer 850 76TH STREET SW, GRAND RAPIDS MI 49518
David J Petko officer: Senior VP Supply Chain 850 76TH STREET SW, GRAND RAPIDS MI 49518