Snap-On Inc (SNA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 693,500 | 697,900 | 696,500 | 694,800 |
| 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 |
| ROA | 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% | 12.18% | 12.47% | 12.56% | 12.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,011,100K ÷ $7,544,900K
= 13.40%
Snap-On Inc's return on assets (ROA) has shown a generally positive trend over the past five quarters, ranging from 13.40% to 13.23%. This indicates that the company is generating a relatively stable and efficient return on its assets during this period. However, it is worth noting that there was a slight dip in ROA in the quarter ending March 31, 2021, followed by a significant increase in the quarter ending March 31, 2020, where ROA peaked at 13.62%. Overall, the company's ROA performance has been above 10% consistently, suggesting that Snap-On Inc is effectively utilizing its assets to generate profits for its shareholders.
Peer comparison
Dec 31, 2023