Snap-on''s Return on Invested Capital Insights
According to Benzinga Pro, during Q2, Snap-on (NYSE: SNA ) earned $237.20 million, a 6.51% increase from the preceding quarter. Snap-on also posted a total of $1.14 billion in sales, a 3.55% increase since Q1. In Q1, Snap-on earned $222.70 million, and total sales reached $1.10 billion. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign … Full story available on Benzinga.com
Snap-on''s Return on Invested Capital Insights
According to Benzinga Pro, during Q2, Snap-on (NYSE: SNA ) earned $237.20 million, a 6.51% increase from the preceding quarter. Snap-on also posted a total of $1.14 billion in sales, a 3.55% increase since Q1. In Q1, Snap-on earned $222.70 million, and total sales reached $1.10 billion. What Is ROIC? Earnings data without context is not clear and can difficult to base trading decisions on. Return on Invested Capital (ROIC) helps to filter signal from noise by measuring yearly pre-tax profit relative to invested capital by a business. Generally, a higher ROIC suggests successful growth of a company and is a sign … Full story available on Benzinga.com