Schneider National Inc (SNDR)

Payables 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
Payables	US$ in thousands	218,000	274,600	241,300	281,100	275,500	330,100	276,700	374,900	400,600	400,200	331,700	356,700	337,200	295,800	245,700	288,300	221,600	238,300	207,700	239,800
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

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,559,500K ÷ $218,000K
= 11.74

The payables turnover ratio measures how efficiently Schneider National Inc is managing its accounts payable by indicating how many times the company pays off its suppliers within a specific period. A higher payables turnover ratio generally signifies that the company is paying its suppliers more frequently.

Over the analyzed period, Schneider National Inc's payables turnover ratio has fluctuated, ranging from a low of 5.29 to a high of 16.87. The ratio has shown a general increasing trend from 2019 to mid-2020, indicating that the company was paying off its suppliers more frequently during that period.

However, from mid-2020 to mid-2021, there was a decline in the payables turnover ratio, reaching a low point of 5.29. This suggests that Schneider National Inc was taking longer to pay its suppliers during this period.

From mid-2021 to mid-2024, there was a gradual increase in the payables turnover ratio, indicating an improvement in the company's management of accounts payable. The ratio reached a peak of 11.74 as of June 30, 2024, demonstrating that Schneider National Inc had been paying off its suppliers more efficiently.

Overall, the trend in Schneider National Inc's payables turnover ratio suggests that the company has been increasingly efficient in managing its accounts payable in recent quarters, potentially indicating improved liquidity and relationships with suppliers.