Snap-On Inc (SNA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,043,900 | 1,011,100 | 911,700 | 820,500 | 627,000 |
| Total assets | US$ in thousands | 7,896,800 | 7,544,900 | 6,972,800 | 6,759,700 | 6,557,300 |
| ROA | 13.22% | 13.40% | 13.08% | 12.14% | 9.56% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,043,900K ÷ $7,896,800K
= 13.22%
Snap-On Inc's return on assets (ROA) has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. The ROA has increased steadily from 9.56% in 2020 to 13.22% in 2024. This indicates that the company has been more efficient in generating profits from its assets over time.
The improving ROA suggests that Snap-On Inc has been effectively utilizing its assets to generate earnings, which is a positive sign for investors and stakeholders. A higher ROA indicates that the company is generating more profit per dollar of assets, showcasing operational efficiency and effective management.
Overall, the increasing trend in Snap-On Inc's ROA signifies the company's ability to generate earnings relative to its asset base, reflecting positively on its operational performance and financial management.
Peer comparison
Dec 31, 2024