Schneider National Inc (SNDR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	5,359,400	5,389,200	5,498,900	5,688,900	6,012,200	6,412,600	6,604,400	6,617,500	6,386,700	6,000,600	5,608,700	5,299,100	4,990,300	4,662,300	4,552,800	4,443,900	4,492,100	4,672,000	4,747,000	4,912,300
Property, plant and equipment	US$ in thousands	2,590,700	2,641,000	2,581,700	2,557,600	2,433,500	2,376,200	2,280,000	2,201,100	2,123,400	2,048,100	2,051,000	1,888,400	1,852,900	1,790,600	1,831,900	1,823,700	1,825,500	1,837,800	1,851,600	1,894,800
Fixed asset turnover		2.07	2.04	2.13	2.22	2.47	2.70	2.90	3.01	3.01	2.93	2.73	2.81	2.69	2.60	2.49	2.44	2.46	2.54	2.56	2.59

June 30, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,359,400K ÷ $2,590,700K
= 2.07

Schneider National Inc's fixed asset turnover ratio has exhibited fluctuations over the past several quarters. The ratio, which measures a company's ability to generate revenue from its investment in fixed assets, shows that the company generated $2.07 in revenue for every dollar invested in fixed assets as of June 30, 2024.

The trend in the fixed asset turnover ratio indicates that Schneider National Inc's efficiency in utilizing its fixed assets to generate revenue has varied. Generally, the company's fixed asset turnover has been within the range of 2.04 to 3.01 over the past few years, with some quarters showing higher efficiency (e.g., 3.01 as of Sep 30, 2022) and others lower (e.g., 2.04 as of Mar 31, 2024).

Overall, the company's fixed asset turnover ratio has been relatively stable, indicating a consistent level of efficiency in generating revenue from its fixed assets. However, management should continue to monitor this ratio to ensure that the company is effectively leveraging its investment in fixed assets to drive revenue growth.