Schneider National Inc (SNDR)

Days of inventory on hand (DOH)

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		28.10	27.23	20.96	21.59	29.27	42.63	47.49	56.18	69.41	67.67	72.91	76.76	83.41	75.67	46.01	42.82	51.37	53.38	48.75	46.12
DOH	days	12.99	13.40	17.41	16.91	12.47	8.56	7.69	6.50	5.26	5.39	5.01	4.76	4.38	4.82	7.93	8.52	7.11	6.84	7.49	7.91

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 28.10
= 12.99

The days of inventory on hand (DOH) for Schneider National Inc has shown fluctuations over the past few quarters.

From December 2019 to March 2020, DOH increased steadily from 7.49 days to 8.52 days, indicating the company held inventory for a longer period. However, by June 2020, DOH decreased to 7.93 days, suggesting a more efficient management of inventory levels.

Throughout 2020 and into 2021, DOH fluctuated between 4.38 days and 7.93 days, indicating some variability in inventory management efficiency. Notably, by December 2021, DOH decreased to 5.01 days, which could indicate a more streamlined inventory management process.

From March 2022 to June 2023, DOH remained relatively stable between 5.26 days and 12.47 days, suggesting no major shifts in inventory management efficiency. However, there was a significant increase in DOH to 17.41 days by December 2023, which could indicate potential challenges in managing inventory levels effectively during that period.

By March 2024, DOH decreased slightly to 13.40 days, but it is still higher compared to previous quarters. This trend signals a need for Schneider National Inc to closely monitor and potentially optimize its inventory management practices to improve efficiency and align with industry benchmarks.