Schneider National Inc (SNDR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	4,913,700	5,006,500	5,033,500	4,982,200	4,976,800	5,027,200	5,258,100	5,576,400	5,683,900	5,656,900	5,430,300	5,109,700	4,847,200	4,638,500	4,431,300	4,164,100	4,072,200	3,961,100	3,985,400	4,142,300
Inventory	US$ in thousands	89,800	83,300	91,100	91,900	117,900	113,800	84,800	53,000	53,000	43,100	32,800	31,300	27,400	25,100	22,400	25,600	44,900	57,200	56,500	60,900
Inventory turnover		54.72	60.10	55.25	54.21	42.21	44.18	62.01	105.22	107.24	131.25	165.56	163.25	176.91	184.80	197.83	162.66	90.69	69.25	70.54	68.02

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $4,913,700K ÷ $89,800K
= 54.72

Schneider National Inc's inventory turnover has fluctuated over the past few years, reflecting changes in the efficiency of managing its inventory.

From March 31, 2020, to December 31, 2021, the company experienced a significant improvement in inventory turnover, with the ratio increasing from 68.02 to 176.91. This suggests that Schneider National Inc was able to sell and replace its inventory more frequently during this period, indicating better inventory management.

Subsequently, from March 31, 2022, to December 31, 2024, there was a decline in inventory turnover. The ratio decreased from 163.25 to 54.72 during this period. The decreasing trend may indicate potential issues such as overstocking, slow sales, or inefficient inventory control.

Overall, Schneider National Inc's inventory turnover ratio has been subject to fluctuations, with periods of improvement followed by declines. It is essential for the company to closely monitor inventory turnover to ensure efficient management of inventory levels and optimize its operations.