Schneider National Inc (SNDR)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	5,290,500	5,323,100	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
Property, plant and equipment	US$ in thousands	—	—	—	—	—	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
Fixed asset turnover		—	—	—	—	—	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

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,290,500K ÷ $—K
= —

Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. It is calculated by dividing net sales by average fixed assets. Looking at the trend of fixed asset turnover for Schneider National Inc from March 31, 2020, to December 31, 2024, it shows some fluctuations.

The fixed asset turnover ratio has been consistently increasing from 2.54 on March 31, 2020, to 3.01 on June 30, 2022. This indicates that Schneider National Inc has been able to generate more revenue from its fixed assets over this period, reflecting efficient utilization of its fixed assets.

However, there was a slight decrease in the ratio to 2.90 on December 31, 2022, followed by a more notable decline to 2.22 on September 30, 2023. The significant decrease in the ratio may suggest a decrease in sales relative to the fixed assets during this period, which could be a cause for concern.

Notably, the fixed asset turnover ratio for the quarters ending March 31, 2024, June 30, 2024, September 30, 2024, and December 31, 2024, is not available, indicated by dashes. This lack of data makes it challenging to assess the recent performance of Schneider National Inc in terms of generating revenue from its fixed assets.

In conclusion, while the trend of increasing fixed asset turnover up to June 30, 2022, reflects positively on the company's asset utilization efficiency, the subsequent decrease in the ratio raises some concerns regarding the company's ability to optimize its fixed asset investments effectively.