Schneider National Inc (SNDR)

Fixed asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,498,900	6,604,400	5,608,700	4,552,800	4,747,000
Property, plant and equipment	US$ in thousands	2,581,700	2,280,000	2,051,000	1,831,900	1,851,600
Fixed asset turnover		2.13	2.90	2.73	2.49	2.56

December 31, 2023 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,498,900K ÷ $2,581,700K
= 2.13

Schneider National Inc's fixed asset turnover has exhibited some fluctuation over the past five years. The ratio decreased from 2.56 in 2019 to 2.49 in 2020, indicating a temporary decline in the efficiency of generating revenue from fixed assets. However, there was a significant improvement in 2022 with a ratio of 2.90, suggesting better utilization of fixed assets to generate sales. In 2023, the ratio decreased to 2.13, indicating a decline in efficiency compared to the previous year. Overall, the company has been able to effectively generate revenue from its fixed assets, but there have been fluctuations in performance over the years.