Schneider National Inc (SNDR)

Days of sales outstanding (DSO)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Receivables turnover		8.62	9.93	7.57	8.15	9.60
DSO	days	42.32	36.75	48.24	44.78	38.04

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 8.62
= 42.32

To analyze Schneider National Inc's Days Sales Outstanding (DSO) over the past five years, we observe a fluctuating trend in the efficiency of the company's accounts receivable collection process.

In 2023, the DSO stands at 42.32 days, an increase from the previous year's 36.75 days. This indicates that on average, it takes Schneider National Inc approximately 42.32 days to collect revenue from its customers, which is longer compared to the prior year, suggesting a potential slowdown in receivables collection efficiency.

Looking further back, the DSO was 48.24 days in 2021, indicating an increase from 2020's 44.78 days. This uptrend implies a worsening collection period in 2021. However, it improved from 2019 when the DSO was 38.04 days, indicating that the company's collection efficiency was better that year.

Overall, Schneider National Inc's DSO has experienced fluctuations over the past five years, indicating varying effectiveness in managing accounts receivable. The company should monitor its DSO closely to ensure timely collection of outstanding payments and maintain healthy cash flows.