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Snap-on (Snap-on) EBIT : $1,394 Mil (TTM As of Mar. 2024)


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What is Snap-on EBIT?

Snap-on's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $357 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $1,394 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Snap-on's annualized ROC % for the quarter that ended in Mar. 2024 was 18.69%. Snap-on's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 88.89%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Snap-on's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 9.70%.


Snap-on EBIT Historical Data

The historical data trend for Snap-on's EBIT 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 EBIT Chart

Snap-on Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 971.10 889.20 1,140.00 1,249.70 1,377.90

Snap-on Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 341.30 360.70 332.60 343.30 357.30

Competitive Comparison of Snap-on's EBIT

For the Tools & Accessories subindustry, Snap-on's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Industrial Products Industry

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

* The bar in red indicates where Snap-on's EV-to-EBIT falls into.



Snap-on EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,394 Mil.

* 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.


Snap-on  (NYSE:SNA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Snap-on's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=1384.8 * ( 1 - 21.81% )/( (5875.8 + 5712.9)/ 2 )
=1082.77512/5794.35
=18.69 %

where

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Snap-on's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=1429.2/( ( (614 + max(1033.4, 0)) + (609.1 + max(959.1, 0)) )/ 2 )
=1429.2/( ( 1647.4 + 1568.2 )/ 2 )
=1429.2/1607.8
=88.89 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(791.3 + 1005.9 + 138.4) - (667.6 + 58.4 + 176.2)
=1033.4

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(827.5 + 970.5 + 135.6) - (832.9 + 0 + 141.6)
=959.1

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Snap-on's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=1393.9/14376.043
=9.70 %

* 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.


Snap-on EBIT Related Terms

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


Snap-on (Snap-on) Business Description

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

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