Snap-On Inc (SNA)
Working capital 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 current assets | US$ in thousands | 3,989,400 | 4,000,700 | 3,858,100 | 3,776,100 | 3,652,000 | 3,605,000 | 3,533,400 | 3,481,200 | 3,368,900 | 3,269,600 | 3,230,700 | 3,236,000 | 3,053,400 | 2,974,300 | 3,149,700 | 3,052,500 | 3,083,000 | 2,938,200 | 2,772,400 | 2,303,100 |
| Total current liabilities | US$ in thousands | 961,500 | 956,400 | 950,100 | 989,700 | 941,600 | 981,900 | 962,300 | 999,000 | 971,600 | 993,500 | 986,100 | 1,024,100 | 982,200 | 979,700 | 1,222,100 | 1,234,100 | 1,164,900 | 1,117,000 | 829,400 | 921,900 |
| Working capital turnover | 1.69 | 1.68 | 1.76 | 1.84 | 1.88 | 1.93 | 1.94 | 1.99 | 2.02 | 2.11 | 2.11 | 2.11 | 2.22 | 2.29 | 2.32 | 2.26 | 2.06 | 2.09 | 1.94 | 2.89 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,108,400K ÷ ($3,989,400K – $961,500K)
= 1.69
Snap-On Inc's working capital turnover has shown a trend of fluctuation over the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio indicates how efficiently the company is using its working capital to generate sales revenue.
The ratio ranged from a high of 2.89 on March 31, 2020, to a low of 1.68 on September 30, 2024. Generally, a higher working capital turnover ratio is desirable as it suggests that the company is efficiently utilizing its working capital to support sales activity.
However, there have been fluctuations in Snap-On Inc's working capital turnover ratio over the period, indicating possible changes in the company's working capital management efficiency. It is important for the company to closely monitor and manage its working capital turnover to ensure optimal utilization of resources and sustained business performance.
Peer comparison
Dec 31, 2024