Snap-On Inc (SNA)
Total asset 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 |
| Total assets | US$ in thousands | 7,896,800 | 7,953,300 | 7,759,900 | 7,666,800 | 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 |
| Total asset turnover | 0.65 | 0.64 | 0.66 | 0.67 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,108,400K ÷ $7,896,800K
= 0.65
Total asset turnover is a key financial ratio that measures a company's efficiency in generating sales revenue from its total assets. In the case of Snap-On Inc, the trend of total asset turnover over the past few years shows a slight fluctuation but generally remains around the range of 0.60 to 0.70.
The ratio decreased from 0.72 as of March 31, 2020, to 0.60 by December 31, 2020. Subsequently, there was a modest recovery in the ratio, with some fluctuations, reaching 0.69 by December 31, 2023. From then on, the ratio stabilized around 0.69, with minor variations, suggesting that Snap-On Inc has been able to consistently generate sales relative to its total asset base.
Overall, the total asset turnover ratio trend indicates that Snap-On Inc is effectively utilizing its assets to generate revenue, although the company may benefit from further enhancing its efficiency in asset utilization to potentially increase sales generated per dollar of total assets in the future.
Peer comparison
Dec 31, 2024