Snap-on (Snap-on) COGS-to-Revenue

: 0.48 (As of Mar. 2024)

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Snap-on's Cost of Goods Sold for the three months ended in Mar. 2024 was $617 Mil. Its Revenue for the three months ended in Mar. 2024 was $1,282 Mil.

Snap-on's COGS to Revenue for the three months ended in Mar. 2024 was 0.48.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Snap-on's Gross Margin % for the three months ended in Mar. 2024 was 51.88%.

Snap-on COGS-to-Revenue Historical Data

The historical data trend for Snap-on's COGS-to-Revenue 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

COGS-to-Revenue

0.49

0.48

0.49

Snap-on Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue																0.49	0.48	0.48	0.50	0.48

Snap-on COGS-to-Revenue Calculation

Snap-on's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2488.7	/	5108.3
	=	0.49

Snap-on's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	616.9	/	1281.9
	=	0.48

Snap-on (NYSE:SNA) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Snap-on's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	616.9 / 1281.9
	=	51.88 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Snap-on COGS-to-Revenue 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 » COGS-to-Revenue

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