Snap-On Inc (SNA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -452,900 | 2,251,800 | 1,330,100 | 1,323,500 | 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 |
| 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 |
| Operating ROA | -5.74% | 28.31% | 17.14% | 17.26% | 17.37% | 17.75% | 17.59% | 17.40% | 17.31% | 17.48% | 17.14% | 16.69% | 16.62% | 16.85% | 16.02% | 14.25% | 13.43% | 13.23% | 13.20% | 16.33% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-452,900K ÷ $7,896,800K
= -5.74%
Snap-On Inc's operating return on assets (operating ROA) has shown some fluctuations over the periods provided. The trend indicates a general improvement in operating efficiency and profitability, with a gradual increase from 16.33% as of March 31, 2020, to a peak of 17.75% as of September 30, 2023. However, there was a significant outlier on September 30, 2024, where the operating ROA spiked to 28.31%, suggesting a possible one-time event impacting profitability.
It is crucial to note the sharp decline in operating ROA to -5.74% on December 31, 2024, which is notably unusual and raises concerns about the company's performance during that specific period.
Overall, the operating ROA trend reflects Snap-On Inc's ability to generate operating profits relative to its total assets, with some periods of exceptional performance along with an anomalous result that may require further investigation to understand the underlying reasons.
Peer comparison
Dec 31, 2024