Snap-on (Snap-on) Change In Working Capital : $-54 Mil (TTM As of Mar. 2024)

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What is Snap-on Change In Working Capital?

Snap-on's change in working capital for the quarter that ended in Mar. 2024 was $20 Mil.

Snap-on's change in working capital for the fiscal year that ended in Dec. 2023 was $-81 Mil.

It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement. Not by calculating the number changes in each periods' working capital (Total Current Assets minus Total Current Liabilities).

Snap-on Change In Working Capital Historical Data

The historical data trend for Snap-on's Change In Working Capital 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 Change In Working Capital Chart

Snap-on Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Working Capital

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-256.10

174.10

-79.50

-434.00

-81.10

Snap-on Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Working Capital	Get a 7-Day Free Trial															-6.60	-43.00	-10.70	-20.80	20.30

Snap-on Change In Working Capital Calculation

Change In Working Capital 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 $-54 Mil.

Working Capital is a measure of a company's short term liquidity or its ability to cover short term liabilities. It is defined as the difference between a company's current assets and current liabilities.

Changes in Working Capital is reported in the cash flow statement since it is one of the major ways in which net income can differ from operating cash flow. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement.

Use Wal-Mart Stores Inc (Jan 2014, Annual Data) as an example: Source: Wal-Mart Stores Inc 2014-01-31 10-K from SEC

Consolidated Statements of Cash Flows	Fiscal Years Ended	January 31,	(Amounts in millions)
Cash flows from operating activities:	2014	2013	2012
Changes in certain assets and liabilities, net of effects of acquisitions:
Receivables, net	(566)	(614)	(796)
Inventories	(1,667)	(2,759)	(3,727)
Accounts payable	531	1,061	2,687
Accrued liabilities	103	271	(935)
Accrued income taxes	(1,224)	981	994

For 2014-01-31, add all the items under 2014 collum together, Change in Working Capital was (566) + (1,667) + 531 + 103 + (1,224) = $ (2,823) Mil.

Snap-on Change In Working Capital Related Terms

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Snap-on (Snap-on) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Snap-on Inc (NYSE:SNA) » Definitions » Change In Working Capital

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