Schneider National Inc (SNDR)

Number of days of payables

		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
Payables turnover		11.74	9.11	10.24	8.74	9.01	7.68	9.10	6.46	5.68	5.29	6.02	5.40	5.54	6.55	8.41	8.50	13.10	13.64	16.87	11.10
Number of days of payables	days	31.09	40.05	35.64	41.77	40.52	47.50	40.12	56.52	64.23	68.97	60.60	67.58	65.88	55.73	43.41	42.96	27.87	26.76	21.63	32.89

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.74
= 31.09

The number of days of payables for Schneider National Inc has varied over the past few quarters. On Jun 30, 2024, the company took approximately 31.09 days to pay its creditors, which was an improvement compared to the previous quarter where it took 40.05 days. This indicates that Schneider National Inc managed its payables more efficiently in the most recent period.

Looking back over the last few quarters, there seems to be some fluctuation in the number of days of payables, with some periods showing longer payment cycles than others. For instance, on Mar 31, 2022, the number of days of payables was 68.97 days, reflecting a relatively longer time taken to settle payables compared to other periods.

It is important to note that the number of days of payables can provide insights into a company's liquidity and cash management practices. A lower number of days of payables may indicate a more efficient management of trade credit and better cash flow management. Conversely, a higher number of days of payables may suggest that the company is taking longer to pay its suppliers, which could potentially strain supplier relationships.

Overall, a consistent and optimal management of payables, ensuring a balance between timely payments and maintaining good supplier relationships, is crucial for Schneider National Inc's financial health and operational efficiency.