Schneider National Inc (SNDR)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	2,471,100	2,517,100	1,997,700	1,811,900	3,516,700
Inventory	US$ in thousands	117,900	53,000	27,400	44,900	71,900
Inventory turnover		20.96	47.49	72.91	40.35	48.91

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $2,471,100K ÷ $117,900K
= 20.96

Schneider National Inc's inventory turnover has exhibited variability over the past five years. The inventory turnover ratio indicates how efficiently the company manages its inventory by selling and replacing products. The data shows a downward trend from 2019 to 2020, followed by a significant increase in 2021, then a slight decrease in 2022, and a further decline in 2023.

The sharp increase in 2021 suggests improved efficiency in managing inventory turnover, possibly through better inventory management practices or increased sales volume. However, the subsequent decreases in 2022 and 2023 may indicate challenges in maintaining this high level of efficiency.

Overall, the inventory turnover ratios for Schneider National Inc indicate fluctuations in how effectively the company is managing its inventory levels relative to sales. Further analysis of the underlying factors driving these fluctuations would be beneficial in understanding the company's inventory management performance.