Snap-On Inc (SNA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,043,900 | 1,041,100 | 1,033,100 | 1,025,900 | 1,011,100 | 994,700 | 975,500 | 943,000 | 911,700 | 896,500 | 868,800 | 845,300 | 820,500 | 805,700 | 789,200 | 682,400 | 627,000 | 588,700 | 573,600 | 652,800 |
| 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 |
| ROA | 13.22% | 13.09% | 13.31% | 13.38% | 13.40% | 13.62% | 13.49% | 13.23% | 13.08% | 13.12% | 12.66% | 12.26% | 12.14% | 12.24% | 11.62% | 10.23% | 9.56% | 9.39% | 9.38% | 11.73% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,043,900K ÷ $7,896,800K
= 13.22%
Return on assets (ROA) is a key financial ratio that measures a company's ability to generate profit from its assets. Snap-On Inc's ROA has shown a generally positive trend over the analyzed periods, starting at 11.73% on March 31, 2020, and increasing to 13.22% on December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate profits.
The consistent increase in ROA suggests that Snap-On Inc has been able to efficiently manage its assets to generate higher returns over time. This improvement may be attributed to factors such as effective cost management, increased revenue generation, or improved asset utilization.
It is important to note that a higher ROA signifies better asset utilization efficiency and profitability. Snap-On Inc's increasing ROA trend indicates that the company has been successful in optimizing its asset base to generate more profits for its shareholders.
Peer comparison
Dec 31, 2024