Snap-on (Snap-on) Days Payable : 36.64 (As of Mar. 2024)

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What is Snap-on Days Payable?

Snap-on's average Accounts Payable for the three months ended in Mar. 2024 was $248 Mil. Snap-on's Cost of Goods Sold for the three months ended in Mar. 2024 was $617 Mil. Hence, Snap-on's Days Payable for the three months ended in Mar. 2024 was 36.64.

The historical rank and industry rank for Snap-on's Days Payable or its related term are showing as below:

SNA' s Days Payable Range Over the Past 10 Years
Min: 30.16 Med: 36 Max: 43.02
Current: 39.26

During the past 13 years, Snap-on's highest Days Payable was 43.02. The lowest was 30.16. And the median was 36.00.

SNA's Days Payable is ranked worse than
80.48% of 2930 companies
in the Industrial Products industry
Industry Median: 76 vs SNA: 39.26

Snap-on's Days Payable declined from Mar. 2023 (41.97) to Mar. 2024 (36.64). It may suggest that Snap-on accelerated paying its suppliers.

Snap-on Days Payable Historical Data

The historical data trend for Snap-on's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Snap-on Days Payable Chart

Snap-on Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.87

39.54

41.17

43.02

38.50

Snap-on Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															41.97	41.41	42.01	36.76	36.64

Competitive Comparison of Snap-on's Days Payable

For the Tools & Accessories subindustry, Snap-on's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Snap-on's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Snap-on's Days Payable distribution charts can be found below:

* The bar in red indicates where Snap-on's Days Payable falls into.

Snap-on Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Snap-on's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (287	+	238)	/	2 )	/	2488.7	*	365
=	262.5					/	2488.7	*	365
=	38.50

Snap-on's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (238	+	257.4)	/	2 )	/	616.9	*	365 / 4
=	247.7					/	616.9	*	365 / 4
=	36.64

Snap-on Days Payable Related Terms

Thank you for viewing the detailed overview of Snap-on's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Snap-on (Snap-on) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Snap-on Inc (NYSE:SNA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SPU:Germany SPU:Germany S1NA34:Brazil SNA:Argentina

Address

2801 80th Street, Kenosha, WI, USA, 53143

Website

https://www.snapon.com

Snap-on manufactures premium tools and software for repair professionals. Hand tools are sold through franchisee-operated mobile vans that serve auto technicians who purchase tools at their own expense. A unique element of its business model is that franchisees bear significant risk, as they must invest in the mobile van, inventory, and software. At the same time, franchisees extend personal credit directly to technicians on an individual tool basis. Snap-on currently operates three segments: repair systems and information, commercial and industrial, and tools. Its finance arm provides financing to franchisees to run their operations, which includes offering loans and leases for mobile vans.

Executives

Thomas J Ward	officer: Sr VP & President - Tools	2801 80TH STREET, KENOSHA WI 53141
Aldo John Pagliari	officer: SVP-Finance & CFO	2801 80TH STREET, KENOSHA WI 53143
Nicholas T Pinchuk	director, officer: President and CEO	280180TH STREET, KENOSHA WI 53143
June C Lemerand	officer: VP & Chief Information Officer	2801 80TH STREET, KENOSHA WI 53143
Timothy L Chambers	officer: Sr VP & Pres - Tools	2801 80TH STREET, KENOSHA WI 53143
Iain Boyd	officer: V.P. - Human Resources	2801 80TH STREET, KENOSHA WI 53143
Richard Thomas Miller	officer: VP, Gen Counsel & Secretary	2801 80TH STREET, KENOSHA WI 53143
Jesus Arregui	officer: Sr VP & President - Commercial	2801 80TH STREET, KENOSHA WI 53143
Anup R Banerjee	officer: Sr VP & Chief Devel. Officer	2801 80TH STREET, KENOSHA WI 53143
Karen L Daniel	director	2801 80TH STREET, KENOSHA WI 53141
William Dudley Lehman	director
Marty V. Ozolins	officer: Vice President & Controller	2801 80TH STREET, KENOSHA WI 53143
Richard K Strege	officer: Vice President & Controller	2801 80TH STREET, KENOSHA WI 53143
Irwin M Shur	officer: VP, Gen Counsel & Secretary	SNAP-ON INCORPORATED, 2801 80TH STREET, KENOSHA WI 53143
Thomas L. Kassouf	officer: SVP & Pres - Commercial Div	2801 80TH STREET, KENOSHA WI 53143