Snap-On Inc (SNA)

The number of days of payables for Snap-On Inc has shown significant fluctuations over the past five years. As of December 31, 2020, the company had an average payment period of approximately 682 days, indicating that it took Snap-On Inc around 682 days to pay its outstanding obligations to suppliers.

However, by December 31, 2021, this number increased sharply to about 1,251 days, suggesting that the company extended its payment period significantly, possibly to manage cash flow or negotiate more favorable terms with suppliers.

The trend continued in subsequent years, with the number of days of payables reaching 1,473 days by December 31, 2022, indicating a further extension in payment periods. This prolonged payment period may influence relationships with suppliers and impact the company's working capital management.

By December 31, 2023, the number of days of payables decreased to approximately 937 days, which could imply that Snap-On Inc made efforts to reduce its payment period or faced pressure to clear its payables more promptly.

As of December 31, 2024, the number of days of payables decreased further to around 819 days. This suggests a potential improvement in the company's payables management efficiency, as Snap-On Inc reduced the time it takes to settle its outstanding obligations to suppliers.

Overall, the fluctuation in Snap-On Inc's number of days of payables over the years indicates varying approaches to managing supplier payments and working capital. Businesses should carefully balance extending payables for cash flow benefits against maintaining positive relationships with suppliers.

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Dec 31, 2024