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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. SpartanNash Co's annualized Net Income for the quarter that ended in Dec. 2023 was $41 Mil. SpartanNash Co's average total tangible assets for the quarter that ended in Dec. 2023 was $2,060 Mil. Therefore, SpartanNash Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 was 2.00%.
The historical rank and industry rank for SpartanNash Co's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, SpartanNash Co's highest Return-on-Tangible-Asset was 5.62%. The lowest was -3.21%. And the median was 3.12%.
The historical data trend for SpartanNash Co's Return-on-Tangible-Asset 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.
SpartanNash Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.32 | 3.85 | 3.79 | 1.76 | 2.55 |
SpartanNash Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Return-on-Tangible-Asset | Get a 7-Day Free Trial | 0.13 | 2.25 | 3.82 | 2.18 | 2.00 |
For the Food Distribution subindustry, SpartanNash Co's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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.
For the Retail - Defensive industry and Consumer Defensive sector, SpartanNash Co's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where SpartanNash Co's Return-on-Tangible-Asset falls into.
SpartanNash Co's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: Dec. 2023 ) | (A: Dec. 2022 ) | (A: Dec. 2023 ) | |||||
= | 52.237 | / | ( (2018.06 | + | 2071.88) | / 2 ) | |
= | 52.237 | / | 2044.97 | ||||
= | 2.55 % |
SpartanNash Co's annualized Return-on-Tangible-Asset for the quarter that ended in Dec. 2023 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Dec. 2023 ) | (Q: Sep. 2023 ) | (Q: Dec. 2023 ) | |||||
= | 41.22 | / | ( (2048.955 | + | 2071.88) | / 2 ) | |
= | 41.22 | / | 2060.4175 | ||||
= | 2.00 % |
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2023) net income data.
SpartanNash Co (NAS:SPTN) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of SpartanNash Co's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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