Days Inventory is also known as Days Sales of Inventory (DSI). Snap-on's Average Total Inventories for the
three
months ended in Mar. 2024 was $988 Mil. Snap-on's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $617 Mil.
Hence, Snap-on's Days Inventory for the
three
months ended in Mar. 2024 was 146.17.
The historical rank and industry rank for Snap-on's Days Inventory or its related term are showing as below:
SNA'
s Days Inventory Range Over the Past 10 Years
Min: 94.39 Med: 124.55 Max: 151.56
Current: 151.56
During the past 13 years, Snap-on's highest Days Inventory was 151.56. The lowest was 94.39. And the median was 124.55.
SNA's Days Inventory is ranked worse than 63.11% of 2906
companies
in the Industrial Products industry
Industry Median: 120.985
vs SNA: 151.56
Snap-on's Days Inventory
declined
from Mar. 2023 (153.30) to Mar. 2024 (146.17).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Snap-on's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.62.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Snap-on's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.77.
Snap-on Days Inventory Historical Data
The historical data trend for Snap-on's Days Inventory 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 Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
132.34
141.39
127.51
139.95
149.52
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 Inventory
153.30
155.66
156.37
143.48
146.17
Competitive Comparison
For the Tools & Accessories subindustry, Snap-on's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution
For the Industrial Products industry and Industrials sector, Snap-on's Days Inventory distribution charts can be found below:
* The bar in red indicates where Snap-on's Days Inventory falls into.
Snap-on Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Snap-on's Days Inventory 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.
Snap-on (NYSE:SNA) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Snap-on's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Snap-on's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Snap-on Days Inventory Related Terms
Thank you for viewing the detailed overview of Snap-on's Days Inventory 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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