Snap-On Inc (SNA)
Number of days of payables
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 0.39 | 0.35 | 0.34 | 0.28 | 0.28 | 0.21 | 0.22 | 0.21 | 0.18 | 0.17 | 0.18 | 0.20 | 0.25 | 0.29 | 0.27 | 0.35 | 0.42 | 0.50 | 0.61 | 0.63 | |
| Number of days of payables | days | 939.53 | 1,051.76 | 1,080.26 | 1,301.26 | 1,312.24 | 1,773.84 | 1,690.59 | 1,742.52 | 1,995.33 | 2,197.92 | 2,039.90 | 1,814.62 | 1,477.03 | 1,280.14 | 1,333.42 | 1,057.78 | 861.85 | 735.71 | 597.21 | 581.90 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 0.39
= 939.53
The number of days of payables for Snap-On Inc has exhibited fluctuations over the period under consideration. The metric has shown an increasing trend from March 31, 2020, to its peak on September 30, 2022, at 2,197.92 days before declining gradually. It then experienced a notable decline by December 31, 2023, before stabilizing around the 1,000-day mark. As of December 31, 2024, the number of days of payables stood at 939.53 days. This metric indicates the average number of days it takes for Snap-On Inc to pay its suppliers and is an important factor in assessing the company's liquidity position and management of working capital.
Peer comparison
Dec 31, 2024