Schneider National Inc (SNDR)

Days of sales outstanding (DSO)

		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
Receivables turnover		9.07	8.67	8.62	8.31	9.12	10.47	9.93	8.70	7.85	7.38	7.57	7.87	7.95	7.99	8.15	8.70	9.63	9.30	9.60	7.45
DSO	days	40.26	42.09	42.32	43.94	40.04	34.86	36.75	41.97	46.48	49.49	48.24	46.40	45.93	45.69	44.78	41.95	37.90	39.27	38.04	48.97

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.07
= 40.26

The Days Sales Outstanding (DSO) ratio for Schneider National Inc has shown some fluctuations over the past few quarters. DSO represents the average number of days it takes for a company to collect revenue from its customers.

In the most recent quarter ending on June 30, 2024, the DSO was 40.26 days, which indicates that the company took approximately 40 days on average to collect its sales revenue. This was a slight improvement compared to the previous quarter's DSO of 42.09 days.

Looking back over the historical data, we observe that DSO has ranged from a low of 34.86 days in the first quarter of 2023 to a high of 49.49 days in the second quarter of 2022. This variability suggests fluctuations in the company's collection efficiency and effectiveness in managing accounts receivable.

Overall, while Schneider National Inc has shown some variability in its DSO ratio, it is crucial for the company to continue monitoring and managing its accounts receivable effectively to ensure timely collection of sales revenue and maintain healthy cash flow.