Snap-On Inc (SNA)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 5,693,500 | 5,596,400 | 5,545,400 | 5,490,900 |
| Operating ROA | 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% | 16.90% | 17.28% | 17.50% | 17.68% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,310,400K ÷ $7,544,900K
= 17.37%
The operating return on assets (ROA) for Snap-On Inc has shown a generally positive trend over the past few quarters. The operating ROA has been consistently above 13% since March 2020, indicating efficient utilization of assets to generate operating profits.
In the most recent quarter, the operating ROA stood at 17.37%, which is slightly lower than the previous quarter but remains at a relatively high level. This suggests that the company continues to effectively generate operating profits relative to its total assets.
Overall, the trend in Snap-On Inc's operating ROA indicates that the company is effectively managing its operations to generate profits from its asset base. However, it is important to monitor future performance to ensure that this positive trend continues.
Peer comparison
Dec 31, 2023