Discontinued — last reported Q4 '23
Business Segments · Operating earnings
Financial Services — Operating earnings
Snap-on Financial Services — Operating earnings remained flat by 0.0% to $67.63M in Q4 2023 compared to the prior quarter. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2016
Last reportedQ4 2023Feb 16, 2024
Rolls up toOperating Income
How to read this metric
Higher earnings indicate strong credit portfolio performance and effective cost management, while lower earnings may signal rising credit losses or operational inefficiencies.
Detailed definition
The profit generated by the financial services segment after deducting operating expenses from its revenue, excluding in...
Peer comparison
Comparable to operating income for captive finance subsidiaries in industrial sectors.
Metric ID:
sna_segment_financial_services_operating_earningsHistorical Data
9 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $65.30M | $68.90M | $70.60M | $67.20M | $70.40M | $67.63M | $67.63M | $67.63M | $67.63M |
| QoQ Change | — | +5.5% | +2.5% | -4.8% | +4.8% | -3.9% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +7.8% | -3.9% | — | — | — |
Range$65.30M – $70.60M
CAGR+1.8%
Avg YoY Growth+1.9%
Median YoY Growth+1.9%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Snap-on's financial services — operating earnings?
- Snap-on (SNA) reported financial services — operating earnings of $67.63M in Q4 2023.
- What does financial services — operating earnings mean?
- Profit earned from the financial services business before interest and taxes.