Discontinued — last reported Q2 '23
Business Segments · Restructuring reserve
Repair Systems & Information Group — Restructuring reserve
Snap-on Repair Systems & Information Group — Restructuring reserve decreased by 11.1% to $800.00K in Q2 2023 compared to the prior quarter. Year-over-year, this metric declined by 52.9%, from $1.70M to $800.00K. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityModerate
First reportedQ4 2013
Last reportedQ2 2023Jul 20, 2023
Rolls up toRestructuring Reserve
How to read this metric
An increase suggests upcoming cost-cutting initiatives, while a decrease indicates the completion of restructuring activities.
Detailed definition
Represents the liability set aside by the Repair Systems and Information Group to cover anticipated costs related to org...
Peer comparison
Comparable to restructuring accruals in other industrial segments undergoing operational transformation.
Metric ID:
sna_segment_repair_systems_information_group_restructuring_reserveHistorical Data
10 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.60M | $3.10M | $2.60M | $2.40M | $2.00M | $1.70M | $1.20M | $1.10M | $900.00K | $800.00K |
| QoQ Change | — | -13.9% | -16.1% | -7.7% | -16.7% | -15.0% | -29.4% | -8.3% | -18.2% | -11.1% |
| YoY Change | — | — | — | — | -44.4% | -45.2% | -53.8% | -54.2% | -55.0% | -52.9% |
Range$800.00K – $3.60M
CAGR-48.8%
Avg YoY Growth-50.9%
Median YoY Growth-53.4%
Current Streak9+ quarters decline
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Frequently Asked Questions
- What is Snap-on's repair systems & information group — restructuring reserve?
- Snap-on (SNA) reported repair systems & information group — restructuring reserve of $800.00K in Q2 2023.
- How has Snap-on's repair systems & information group — restructuring reserve changed year-over-year?
- Snap-on's repair systems & information group — restructuring reserve decreased by 52.9% year-over-year, from $1.70M to $800.00K.
- What does repair systems & information group — restructuring reserve mean?
- The amount of money set aside by this segment to pay for future reorganization or downsizing costs.