What is Snap On Inc's ROA in the fourth quarter of 2023?
Snap on Inc achieved a return on average assets (ROA) of
18.27 % in its fourth quarter of 2023, this is above SNA's average return on assets of 9.39%.
Snap On Incs assets during the 12 months ending in the fourth quarter of 2023 are valued at $5 billion
ROA has improved compared to 18.22% in the third quarter of 2023, due to net income growth.
However, within the
Capital Goods sector 28 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 30 2023 quarter, so far to
242, from total ROA ranking in the third quarter of 2023 at
360.
What is ROA?