SKF AB
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SKF AB
Accrued Liabilities
SKF AB
Accrued Liabilities Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Accrued Liabilities | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
SKF AB
STO:SKF B
|
Accrued Liabilities
kr7.6B
|
CAGR 3-Years
15%
|
CAGR 5-Years
-1%
|
CAGR 10-Years
N/A
|
||
Sandvik AB
STO:SAND
|
Accrued Liabilities
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Atlas Copco AB
STO:ATCO A
|
Accrued Liabilities
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Alfa Laval AB
STO:ALFA
|
Accrued Liabilities
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Indutrade AB
STO:INDT
|
Accrued Liabilities
N/A
|
CAGR 3-Years
N/A
|
CAGR 5-Years
N/A
|
CAGR 10-Years
N/A
|
||
Trelleborg AB
STO:TREL B
|
Accrued Liabilities
kr2.9B
|
CAGR 3-Years
13%
|
CAGR 5-Years
9%
|
CAGR 10-Years
N/A
|
SKF AB
Glance View
SKF AB, founded in 1907 in Gothenburg, Sweden, by Sven Wingquist, revolutionized the mechanical industry with its invention of the self-aligning ball bearing. This crucial innovation addressed misalignment issues in shafts and machinery, positioning SKF as a pioneer in the bearing technology sector. Over the decades, SKF has evolved into a global leader, not just manufacturing bearings but also offering an extensive range of related products and services. Its portfolio includes seals, lubrication systems, mechatronics, and a variety of services, all aimed at enhancing the efficiency and reliability of industrial machines, vehicles, and equipment across diverse industries. With operations in over 100 countries, SKF's adaptability to provide tailored solutions is a testament to its longstanding commitment to technological advancement. The core of SKF’s business model lies in leveraging its vast engineering expertise to cater to a broad spectrum of industrial needs. The company generates revenue not only from selling high-quality components but also by offering integrated maintenance services and condition monitoring solutions that promise long-term operational efficiency for its clients. SKF capitalizes on digital transformation by incorporating smart sensor technologies, enabling predictive maintenance and reducing downtime for customers. This fusion of product innovation with customer-centric service delivery remains central to SKF's strategy, driving sustainable growth while maintaining its status as a trusted global brand in enhancing machine reliability and performance. Through strategic investments in R&D and digital capabilities, SKF continues to push the boundaries of industrial performance, ensuring it stays ahead in a competitive global market.
See Also
What is SKF AB's Accrued Liabilities?
Accrued Liabilities
7.6B
SEK
Based on the financial report for Dec 31, 2023, SKF AB's Accrued Liabilities amounts to 7.6B SEK.
What is SKF AB's Accrued Liabilities growth rate?
Accrued Liabilities CAGR 5Y
-1%
Over the last year, the Accrued Liabilities growth was 1%. The average annual Accrued Liabilities growth rates for SKF AB have been 15% over the past three years , -1% over the past five years .