Snap-On Inc (SNA)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 4,067,700 | 4,063,800 | 4,058,000 | 4,059,200 |
| Total assets | US$ in thousands | 7,544,900 | 7,304,300 | 7,230,400 | 7,125,600 | 6,972,800 | 6,835,500 | 6,864,300 | 6,895,200 | 6,759,700 | 6,580,900 | 6,791,600 | 6,673,500 | 6,557,300 | 6,267,600 | 6,113,500 | 5,564,300 | 5,693,500 | 5,596,400 | 5,545,400 | 5,490,900 |
| Total asset turnover | 0.68 | 0.69 | 0.69 | 0.69 | 0.69 | 0.70 | 0.69 | 0.68 | 0.68 | 0.70 | 0.66 | 0.62 | 0.60 | 0.61 | 0.62 | 0.72 | 0.71 | 0.73 | 0.73 | 0.74 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,108,300K ÷ $7,544,900K
= 0.68
Snap-On Inc's total asset turnover has shown some fluctuations over the past few quarters, ranging from 0.60 to 0.74. The ratio measures the company's efficiency in generating sales revenue from its assets. A higher ratio indicates better utilization of assets to generate sales.
From the data provided, we can see that the total asset turnover has generally been hovering around 0.68 to 0.74, with some quarterly variations. The company's ability to generate sales from its assets seems to have improved in the more recent quarters compared to the beginning of the period under review.
Overall, Snap-On Inc's total asset turnover indicates that the company has been relatively efficient in utilizing its assets to generate revenue, with a general trend towards improvement in recent quarters.
Peer comparison
Dec 31, 2023