Schneider National Inc (SNDR)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.24	9.10	6.02	7.37	16.93
Number of days of payables	days	35.64	40.12	60.60	49.50	21.56

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.24
= 35.64

Schneider National Inc's number of days of payables has shown fluctuations over the past five years. The company's number of days of payables was 35.64 days as of December 31, 2023, which indicates an improvement compared to the previous year. In 2022, the number of days of payables was 40.12 days, suggesting that the company took slightly longer to pay its suppliers.

However, looking back at earlier years, Schneider National Inc's number of days of payables was significantly higher in 2021 at 60.60 days and 49.50 days in 2020. This may indicate that the company was paying its suppliers at a slower rate during those years. In contrast, the number of days of payables was lower in 2019 at 21.56 days, indicating that the company was able to manage its payables more efficiently that year.

Overall, the trend in Schneider National Inc's number of days of payables suggests some variability in the company's payment practices over the years, with improvements in recent periods potentially indicating better cash management and vendor relationships.