Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Snap-on's annualizedGross Profit for the quarter that ended in Mar. 2024 was $2,660 Mil.
Snap-on's average Total Assets over the quarter that ended in Mar. 2024 was $7,606 Mil. Therefore, Snap-on's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 34.97%.
Snap-on Gross-Profit-to-Asset % Historical Data
The historical data trend for Snap-on's Gross-Profit-to-Asset % 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.
Competitive Comparison of Snap-on's Gross-Profit-to-Asset %
For the Tools & Accessories subindustry, Snap-on's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Snap-on's Gross-Profit-to-Asset % distribution charts can be found below:
* The bar in red indicates where Snap-on's Gross-Profit-to-Asset % falls into.
Snap-on Gross-Profit-to-Asset % Calculation
Snap-on's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:
* 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.
In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Gross Profit data used here is four times the quarterly (Mar. 2024) data.
Gross-Profit-to-Asset % is displayed in the 30-year financial page.
Snap-on Gross-Profit-to-Asset % Related Terms
Thank you for viewing the detailed overview of Snap-on's Gross-Profit-to-Asset % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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