SpartanNash Co (SPTN) - Net Assets
Based on the latest financial reports, SpartanNash Co (SPTN) has net assets worth $741.82 Million USD as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.56 Billion) and total liabilities ($1.82 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check SPTN asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $741.82 Million |
| % of Total Assets | 29.01% |
| Annual Growth Rate | 7.16% |
| 5-Year Change | 1.15% |
| 10-Year Change | -5.98% |
| Growth Volatility | 26.76 |
SpartanNash Co - Net Assets Trend (1996–2024)
This chart illustrates how SpartanNash Co's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of SpartanNash Co for the complete picture of this company's asset base.
Annual Net Assets for SpartanNash Co (1996–2024)
The table below shows the annual net assets of SpartanNash Co from 1996 to 2024. For live valuation and market cap data, see SpartanNash Co market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $743.49 Million | -4.46% |
| 2023-12-31 | $778.18 Million | +1.58% |
| 2022-12-31 | $766.07 Million | -2.15% |
| 2021-12-31 | $782.87 Million | +6.51% |
| 2020-12-31 | $735.05 Million | +6.91% |
| 2019-12-31 | $687.54 Million | -3.97% |
| 2018-12-31 | $715.95 Million | -0.83% |
| 2017-12-31 | $721.95 Million | -12.53% |
| 2016-12-31 | $825.41 Million | +4.38% |
| 2015-12-31 | $790.78 Million | +5.82% |
| 2014-12-31 | $747.25 Million | +5.71% |
| 2013-12-31 | $706.87 Million | +110.60% |
| 2012-12-31 | $335.65 Million | +3.72% |
| 2011-12-31 | $323.61 Million | +5.93% |
| 2010-12-31 | $305.50 Million | +11.54% |
| 2009-12-31 | $273.90 Million | +16.87% |
| 2008-12-31 | $234.37 Million | +13.42% |
| 2007-12-31 | $206.65 Million | +19.63% |
| 2006-12-31 | $172.74 Million | +18.79% |
| 2005-12-31 | $145.42 Million | +15.95% |
| 2004-12-31 | $125.41 Million | +18.68% |
| 2003-12-31 | $105.67 Million | -3.62% |
| 2002-12-31 | $109.63 Million | -52.64% |
| 2001-12-31 | $231.49 Million | +5.99% |
| 2000-12-31 | $218.41 Million | +73.33% |
| 1999-12-31 | $126.01 Million | +4.08% |
| 1998-12-31 | $121.06 Million | +6.02% |
| 1997-12-31 | $114.19 Million | +6.47% |
| 1996-12-31 | $107.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SpartanNash Co's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 343.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $287.40 Million | 38.66% |
| Common Stock | $454.75 Million | 61.16% |
| Other Comprehensive Income | $1.34 Million | 0.18% |
| Total Equity | $743.49 Million | 100.00% |
SpartanNash Co Competitors by Market Cap
The table below lists competitors of SpartanNash Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingmu Digital Technology Co.Ltd.
SHE:301110
|
$911.03 Million |
|
Sonaecom SGPS
LS:SNC
|
$911.19 Million |
|
Songz Automobile Air Conditioning Co Ltd
SHE:002454
|
$911.53 Million |
|
Garcia Reguera S.A.
BA:REGE
|
$911.74 Million |
|
Capitol Federal Financial Inc
NASDAQ:CFFN
|
$910.87 Million |
|
InMode Ltd
NASDAQ:INMD
|
$910.84 Million |
|
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A
SHG:603173
|
$910.77 Million |
|
Tianjin Tianyao Pharmaceuticals Co Ltd
SHG:600488
|
$910.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SpartanNash Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 778,182,000 to 743,490,000, a change of -34,692,000 (-4.5%).
- Net income of 299,000 contributed positively to equity growth.
- Dividend payments of 29,909,000 reduced retained earnings.
- Share repurchases of 15,000,000 reduced equity.
- Other comprehensive income increased equity by 541,000.
- Other factors increased equity by 9,377,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $299.00K | +0.04% |
| Dividends Paid | $29.91 Million | -4.02% |
| Share Repurchases | $15.00 Million | -2.02% |
| Other Comprehensive Income | $541.00K | +0.07% |
| Other Changes | $9.38 Million | +1.26% |
| Total Change | $- | -4.46% |
Book Value vs Market Value Analysis
This analysis compares SpartanNash Co's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.24x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.01x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | $8.94 | $26.90 | x |
| 1997-12-31 | $7.54 | $26.90 | x |
| 1998-12-31 | $8.34 | $26.90 | x |
| 1999-12-31 | $9.38 | $26.90 | x |
| 2000-12-31 | $12.60 | $26.90 | x |
| 2001-12-31 | $11.76 | $26.90 | x |
| 2002-12-31 | $5.51 | $26.90 | x |
| 2003-12-31 | $5.28 | $26.90 | x |
| 2004-12-31 | $6.05 | $26.90 | x |
| 2005-12-31 | $6.87 | $26.90 | x |
| 2006-12-31 | $8.07 | $26.90 | x |
| 2007-12-31 | $9.54 | $26.90 | x |
| 2008-12-31 | $10.53 | $26.90 | x |
| 2009-12-31 | $12.18 | $26.90 | x |
| 2010-12-31 | $13.47 | $26.90 | x |
| 2011-12-31 | $14.14 | $26.90 | x |
| 2012-12-31 | $15.36 | $26.90 | x |
| 2013-12-31 | $29.17 | $26.90 | x |
| 2014-12-31 | $19.82 | $26.90 | x |
| 2015-12-31 | $20.97 | $26.90 | x |
| 2016-12-31 | $21.98 | $26.90 | x |
| 2017-12-31 | $19.29 | $26.90 | x |
| 2018-12-31 | $20.32 | $26.90 | x |
| 2019-12-31 | $19.44 | $26.90 | x |
| 2020-12-31 | $20.50 | $26.90 | x |
| 2021-12-31 | $21.78 | $26.90 | x |
| 2022-12-31 | $21.10 | $26.90 | x |
| 2023-12-31 | $22.25 | $26.90 | x |
| 2024-12-31 | $21.74 | $26.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SpartanNash Co utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.04%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 3.67x
- • Equity Multiplier: 3.50x
- Recent ROE (0.04%) is below the historical average (3.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 9.05% | 0.39% | 6.13x | 3.76x | $-1.02 Million |
| 1997 | 12.46% | 0.57% | 6.13x | 3.56x | $2.81 Million |
| 1998 | 12.22% | 0.55% | 5.10x | 4.32x | $2.69 Million |
| 1999 | 13.65% | 0.56% | 5.35x | 4.53x | $4.59 Million |
| 2000 | 10.73% | 0.67% | 4.37x | 3.67x | $1.60 Million |
| 2001 | 4.25% | 0.28% | 4.60x | 3.29x | $-13.30 Million |
| 2002 | -111.58% | -5.69% | 3.86x | 5.07x | $-133.30 Million |
| 2003 | -6.34% | -0.33% | 5.24x | 3.71x | $-17.26 Million |
| 2004 | 15.01% | 0.92% | 5.31x | 3.07x | $6.29 Million |
| 2005 | 12.50% | 0.89% | 5.39x | 2.60x | $3.63 Million |
| 2006 | 14.57% | 1.06% | 4.86x | 2.82x | $7.89 Million |
| 2007 | 16.60% | 1.39% | 4.06x | 2.95x | $13.64 Million |
| 2008 | 16.55% | 1.51% | 3.56x | 3.09x | $15.36 Million |
| 2009 | 9.33% | 1.00% | 3.39x | 2.75x | $-1.83 Million |
| 2010 | 10.57% | 1.28% | 3.37x | 2.46x | $1.76 Million |
| 2011 | 9.81% | 1.21% | 3.45x | 2.36x | $-602.80K |
| 2012 | 8.17% | 1.05% | 3.30x | 2.35x | $-6.16 Million |
| 2013 | 0.14% | 0.03% | 1.75x | 2.81x | $-69.70 Million |
| 2014 | 7.84% | 0.74% | 4.10x | 2.59x | $-16.13 Million |
| 2015 | 7.93% | 0.82% | 3.99x | 2.42x | $-16.37 Million |
| 2016 | 6.88% | 0.73% | 4.01x | 2.34x | $-25.71 Million |
| 2017 | -7.32% | -0.65% | 3.95x | 2.85x | $-125.04 Million |
| 2018 | 4.69% | 0.42% | 4.09x | 2.75x | $-38.02 Million |
| 2019 | 0.84% | 0.07% | 3.75x | 3.31x | $-63.01 Million |
| 2020 | 10.33% | 0.81% | 4.10x | 3.10x | $2.41 Million |
| 2021 | 9.42% | 0.83% | 4.05x | 2.82x | $-4.54 Million |
| 2022 | 4.51% | 0.36% | 4.18x | 3.01x | $-42.09 Million |
| 2023 | 5.39% | 0.56% | 3.18x | 3.03x | $-35.89 Million |
| 2024 | 0.04% | 0.00% | 3.67x | 3.50x | $-74.05 Million |
Industry Comparison
This section compares SpartanNash Co's net assets metrics with peer companies in the Food Distribution industry.
Industry Context
- Industry: Food Distribution
- Average net assets among peers: $570,754,399
- Average return on equity (ROE) among peers: 14.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SpartanNash Co (SPTN) | $741.82 Million | 9.05% | 2.45x | $910.90 Million |
| The Andersons Inc (ANDE) | $83.40 Million | 11.75% | 3.33x | $2.30 Billion |
| Mission Produce Inc (AVO) | $313.45 Million | 23.10% | 0.98x | $978.29 Million |
| The Chefs Warehouse Inc (CHEF) | $132.06 Million | 12.86% | 1.69x | $2.72 Billion |
| Calavo Growers Inc (CVGW) | $64.75 Million | 5.13% | 0.68x | $452.57 Million |
| AMCON Distributing Company (DIT) | $41.71 Million | 19.33% | 1.58x | $57.88 Million |
| Hf Foods Group Inc (HFFG) | $241.29 Million | -20.10% | 1.28x | $100.78 Million |
| Mannatech Incorporated (MTEX) | $56.23 Million | 34.77% | 0.75x | $8.33 Million |
| Performance Food Group Co (PFGC) | $925.50 Million | 10.41% | 3.11x | $13.93 Billion |
| Sysco Corporation (SYY) | $3.28 Billion | 30.54% | 1.90x | $35.46 Billion |
About SpartanNash Co
SpartanNash Company, a food solutions company, engages in the distribution and retail sale of grocery products in the United States of America. The company operates in two segments, Wholesale and Retail. The Wholesale segment offers grocery products and perishable food products, including dry groceries, produce, dairy products, meat, delicatessen items, bakery goods, frozen food, seafood, floral … Read more