What is Snap-on's financial services revenue — cost of goods sold?

Snap-on (SNA) reported financial services revenue — cost of goods sold of $28.70M in Q3 2024.

How has Snap-on's financial services revenue — cost of goods sold changed year-over-year?

Snap-on's financial services revenue — cost of goods sold increased by 12.5% year-over-year, from $25.50M to $28.70M.

What is the long-term trend for Snap-on's financial services revenue — cost of goods sold?

Over 2 years (2021 to 2023), Snap-on's financial services revenue — cost of goods sold has grown at a 17.7% compound annual growth rate (CAGR), from $77.70M to $107.60M.

What does financial services revenue — cost of goods sold mean?

The direct costs incurred to deliver financial services to customers.

Discontinued — last reported Q3 '24

Products & Services · Cost of Goods Sold

Financial services revenue — Cost of Goods Sold

Snap-on Financial services revenue — Cost of Goods Sold decreased by 5.3% to $28.70M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 12.5%, from $25.50M to $28.70M. Over 2 years (FY 2021 to FY 2023), Financial services revenue — Cost of Goods Sold shows an upward trend with a 17.7% CAGR. This is a positive signal — lower values indicate better performance for this metric.

Analysis

StatementSegment

CategoryProfitability

SignalLower is better

VolatilityModerate

First reportedQ1 2016

Last reportedQ3 2024Oct 17, 2024

Rolls up toTotal Cost of Revenue

How to read this metric

An increase relative to revenue indicates margin compression in the financial services segment, potentially due to rising interest rates or higher service delivery costs.

Detailed definition

This represents the direct costs associated with providing financial services, such as the cost of funds or specific ser...

Peer comparison

Similar to cost of services or cost of funds in financial institutions and captive finance companies.

Metric ID: sna_segment_financial_services_revenue_cost_of_goods_and_services_sold

Historical Data

15 periods

	Q1 '21	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23	Q1 '24	Q2 '24	Q3 '24
Value	$23.30M	$18.00M	$16.70M	$19.70M	$17.30M	$21.10M	$20.90M	$24.40M	$26.30M	$26.50M	$25.50M	$29.30M	$31.30M	$30.30M	$28.70M
QoQ Change	—	-22.7%	-7.2%	+18.0%	-12.2%	+22.0%	-0.9%	+16.7%	+7.8%	+0.8%	-3.8%	+14.9%	+6.8%	-3.2%	-5.3%
YoY Change	—	—	—	—	-25.8%	+17.2%	+25.1%	+23.9%	+52.0%	+25.6%	+22.0%	+20.1%	+19.0%	+14.3%	+12.5%

Range$16.70M – $31.30M

CAGR+6.1%

Avg YoY Growth+18.7%

Median YoY Growth+20.1%

Current Streak2 quarters decline

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Frequently Asked Questions

What is Snap-on's financial services revenue — cost of goods sold?: Snap-on (SNA) reported financial services revenue — cost of goods sold of $28.70M in Q3 2024.
How has Snap-on's financial services revenue — cost of goods sold changed year-over-year?: Snap-on's financial services revenue — cost of goods sold increased by 12.5% year-over-year, from $25.50M to $28.70M.
What is the long-term trend for Snap-on's financial services revenue — cost of goods sold?: Over 2 years (2021 to 2023), Snap-on's financial services revenue — cost of goods sold has grown at a 17.7% compound annual growth rate (CAGR), from $77.70M to $107.60M.
What does financial services revenue — cost of goods sold mean?: The direct costs incurred to deliver financial services to customers.