Snap-On Inc (SNA)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,108,400 | 5,103,000 | 5,109,800 | 5,114,600 | 5,108,300 | 5,058,700 | 4,994,300 | 4,932,600 | 4,842,500 | 4,793,500 | 4,728,700 | 4,674,000 | 4,601,700 | 4,574,300 | 4,476,700 | 4,117,300 | 3,942,200 | 3,813,500 | 3,772,000 | 3,998,500 |
| Receivables | US$ in thousands | 1,545,900 | 1,543,200 | 1,513,400 | 1,549,000 | 1,506,200 | 1,493,900 | 1,487,000 | -31,200 | 1,433,800 | -28,800 | -28,100 | -28,400 | 1,335,000 | -31,500 | -29,500 | -25,800 | 1,283,400 | 1,264,300 | 1,169,700 | 1,241,700 |
| Receivables turnover | 3.30 | 3.31 | 3.38 | 3.30 | 3.39 | 3.39 | 3.36 | — | 3.38 | — | — | — | 3.45 | — | — | — | 3.07 | 3.02 | 3.22 | 3.22 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,108,400K ÷ $1,545,900K
= 3.30
Receivables turnover measures how efficiently a company collects on its credit sales during a specific period. For Snap-On Inc, the trend in receivables turnover over the past few years has been relatively stable, ranging from 3.02 to 3.45 times. A higher turnover ratio indicates that the company is collecting its receivables more quickly.
Looking at the latest data available, the receivables turnover for the most recent quarter stands at 3.30, suggesting that Snap-On Inc collected its outstanding receivables approximately 3.30 times during the period. This indicates that the company's credit management and collection processes are effective in converting credit sales into cash.
It's important for investors and analysts to monitor receivables turnover over time to ensure that the company is efficiently collecting on its credit sales and managing its liquidity effectively. Additionally, comparing Snap-On Inc's receivables turnover to industry averages can provide valuable insights into its performance relative to its peers in terms of managing accounts receivable.
Peer comparison
Dec 31, 2024