Schneider National Inc (SNDR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	2,559,500	2,502,800	2,471,100	2,456,600	2,481,700	2,536,700	2,517,100	2,421,200	2,276,600	2,118,000	1,997,700	1,926,600	1,868,300	1,937,200	2,066,000	2,449,300	2,902,200	3,250,700	3,504,800	2,661,200
Inventory	US$ in thousands	91,100	91,900	117,900	113,800	84,800	59,500	53,000	43,100	32,800	31,300	27,400	25,100	22,400	25,600	44,900	57,200	56,500	60,900	71,900	57,700
Inventory turnover		28.10	27.23	20.96	21.59	29.27	42.63	47.49	56.18	69.41	67.67	72.91	76.76	83.41	75.67	46.01	42.82	51.37	53.38	48.75	46.12

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,559,500K ÷ $91,100K
= 28.10

Schneider National Inc's inventory turnover ratio has fluctuated over the past two years, ranging from a low of 20.96 to a high of 83.41. The trend indicates a general improvement in inventory turnover efficiency since December 2019, when the ratio was 48.75.

The average inventory turnover ratio for the most recent period is 44.41 (calculated as the average of the ratios for the last five quarters). This suggests that, on average, Schneider National Inc is able to turn over its inventory approximately 44.41 times a year.

The high inventory turnover ratios recorded in the most recent quarters indicate that the company is managing its inventory effectively, possibly by reducing excess stock and improving demand forecasting. However, the lower ratios seen towards the end of 2023 may suggest potential challenges in managing inventory levels efficiently during that period.

It is important for Schneider National Inc to continue monitoring its inventory turnover ratio to ensure optimal inventory management practices and align its inventory levels with demand in the market. By maintaining a healthy inventory turnover ratio, the company can enhance its operational efficiency, reduce carrying costs, and improve overall financial performance.