Schneider National Inc (SNDR)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 20.96 | 47.49 | 72.91 | 40.35 | 48.91 | |
| DOH | days | 17.41 | 7.69 | 5.01 | 9.04 | 7.46 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.96
= 17.41
To analyze Schneider National Inc's days of inventory on hand (DOH) over the past five years, we observe a fluctuating trend. In 2019, the company had a DOH of 7.46 days, which increased to 9.04 days in 2020 before decreasing to 5.01 days in 2021. Subsequently, there was a significant jump to 7.69 days in 2022 and a further increase to 17.41 days in 2023.
The spike in DOH in 2023 compared to the previous years indicates that Schneider National Inc is holding inventory for a longer period before selling it. This may suggest potential inefficiencies in inventory management, leading to higher carrying costs and tying up capital in unsold inventory. Further investigation into the reasons for the significant increase in DOH in 2023 would be beneficial to assess the impact on the company's operational efficiency and overall financial performance.
Peer comparison
Dec 31, 2023