Snap-On Inc (SNA)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,367,600 | 4,325,700 | 4,260,600 | 4,198,800 | 4,790,000 | 4,742,800 | 4,673,500 | 4,614,200 | 4,533,100 | 4,498,200 | 4,400,000 | 4,035,900 | 3,847,800 | 3,711,300 | 3,658,200 | 3,877,000 | 3,957,000 | 3,911,400 | 3,902,100 | 3,368,700 |
| 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 |
| Gross profit margin | 85.50% | 85.51% | 85.31% | 85.12% | 98.92% | 98.94% | 98.83% | 98.72% | 98.51% | 98.34% | 98.29% | 98.02% | 97.61% | 97.32% | 96.98% | 96.96% | 97.28% | 96.25% | 96.16% | 82.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,367,600K ÷ $5,108,300K
= 85.50%
Snap-On Inc's gross profit margin has shown fluctuations over the past few quarters, ranging from 85.12% to 98.94%. Generally, the company has maintained a high gross profit margin, which indicates its ability to efficiently manage production costs and generate profits from sales. The significant decrease in the margin in the first quarter of 2020 to 82.99% might have been impacted by various factors such as pricing pressures, changes in product mix, or increased production costs. However, since then, the company has been able to steadily improve its gross profit margin, reaching above 98% in some quarters. Overall, Snap-On Inc's gross profit margin reflects a strong profitability trend, though it is important for the company to continue monitoring and managing factors that could impact its margins in the future.
Peer comparison
Dec 31, 2023