Schneider National Inc (SNDR)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,498,900 | 6,604,400 | 5,608,700 | 4,552,800 | 4,747,000 |
| Receivables | US$ in thousands | 637,600 | 665,000 | 741,300 | 558,500 | 494,700 |
| Receivables turnover | 8.62 | 9.93 | 7.57 | 8.15 | 9.60 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,498,900K ÷ $637,600K
= 8.62
Receivables turnover measures how efficiently a company collects payments from its customers. Schneider National Inc's receivables turnover has fluctuated over the past five years. In 2023, the ratio decreased to 8.62 from 9.93 in 2022, indicating that the company took longer to collect payments from customers compared to the previous year. However, the ratio was still higher than in 2021 and 2020, suggesting an improvement in receivables management compared to those years. In 2019, the company had the highest receivables turnover at 9.60, indicating efficient collection of payments. Overall, although there was a slight decrease in 2023, Schneider National Inc has exhibited relatively strong performance in managing its receivables turnover in recent years.
Peer comparison
Dec 31, 2023