Snap-On Inc (SNA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 5,071,300 | 4,830,200 | 4,757,100 | 4,610,200 | 4,481,300 | 4,317,200 | 4,324,400 | 4,298,300 | 4,181,900 | 4,047,300 | 4,003,400 | 3,876,000 | 3,824,900 | 3,619,000 | 3,486,700 | 3,331,300 | 3,409,100 | 3,303,800 | 3,288,100 | 3,197,600 |
| ROE | 19.94% | 20.59% | 20.51% | 20.45% | 20.34% | 20.77% | 20.09% | 19.67% | 19.62% | 19.91% | 19.71% | 17.61% | 16.39% | 16.27% | 16.45% | 19.60% | 20.34% | 21.12% | 21.18% | 21.73% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,011,100K ÷ $5,071,300K
= 19.94%
Snap-On Inc's Return on Equity (ROE) has demonstrated a relatively stable trend over the past five years, hovering around the range of 19% to 21%. The company has consistently maintained a healthy ROE, indicating that it efficiently generates profits from shareholders' equity.
In the latest reported quarter, ending December 31, 2023, the ROE stood at 19.94%, reflecting a slight decrease compared to the previous quarter but remaining within the historical range. This implies that Snap-On continues to effectively utilize its equity to generate returns for shareholders.
The average ROE for the past five years is approximately 20.20%, showcasing the company's strong performance in generating profits relative to shareholders' investment. Investors and analysts generally view a stable and high ROE positively, as it indicates the company's ability to generate profits without excessively relying on debt financing.
Overall, Snap-On Inc's consistent and solid ROE performance suggests a strong operational efficiency and profitability, which may be attractive to investors seeking companies with a history of favorable returns relative to equity investment.
Peer comparison
Dec 31, 2023