Snap-On Inc (SNA)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,310,400 | 1,296,500 | 1,271,800 | 1,239,800 | 1,207,200 | 1,194,700 | 1,176,700 | 1,150,800 | 1,123,500 | 1,108,800 | 1,088,200 | 950,900 | 880,500 | 829,400 | 806,800 | 908,600 | 962,300 | 966,900 | 970,600 | 971,000 |
| 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 |
| Operating profit margin | 25.65% | 25.63% | 25.47% | 25.13% | 24.93% | 24.92% | 24.88% | 24.62% | 24.41% | 24.24% | 24.31% | 23.10% | 22.34% | 21.75% | 21.39% | 22.72% | 23.66% | 23.79% | 23.92% | 23.92% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,310,400K ÷ $5,108,300K
= 25.65%
Snap-On Inc's operating profit margin has been relatively stable over the past few quarters, ranging from 21.39% to 25.65%. This indicates the company's ability to efficiently generate profits from its core operations, with a consistent level of operating income relative to its revenue. A higher operating profit margin suggests better cost management and pricing strategies, which could lead to improved overall financial performance. It is essential for Snap-On Inc to continue monitoring and managing its operating expenses to maintain or potentially enhance its operating profit margin in the future.
Peer comparison
Dec 31, 2023