Schneider National Inc (SNDR)

Receivables 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
Revenue (ttm)	US$ in thousands	5,359,400	5,389,200	5,498,900	5,688,900	6,012,200	6,412,600	6,604,400	6,617,500	6,386,700	6,000,600	5,608,700	5,299,100	4,990,300	4,662,300	4,552,800	4,443,900	4,492,100	4,672,000	4,747,000	4,912,300
Receivables	US$ in thousands	591,200	621,400	637,600	684,900	659,500	612,500	665,000	761,000	813,300	813,600	741,300	673,700	627,900	583,600	558,500	510,800	466,500	502,600	494,700	659,000
Receivables turnover		9.07	8.67	8.62	8.31	9.12	10.47	9.93	8.70	7.85	7.38	7.57	7.87	7.95	7.99	8.15	8.70	9.63	9.30	9.60	7.45

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,359,400K ÷ $591,200K
= 9.07

Schneider National Inc's receivables turnover ratio has shown fluctuations over the past few quarters, ranging from 7.38 to 10.47 times. The receivables turnover ratio indicates how efficiently the company is collecting its accounts receivable during a specific period.

The trend in the receivables turnover ratio indicates that the company's ability to collect outstanding receivables has varied. A higher ratio suggests that the company is collecting its receivables more frequently within a period, which is generally a positive sign of efficient credit management.

However, the ratio has not been consistently increasing or decreasing, showing some inconsistency in the company's receivables collection efficiency. It is important for the company to maintain a balance in its receivables turnover to ensure optimal liquidity and cash flow management.

Overall, Schneider National Inc should continue monitoring its receivables turnover ratio and work towards maintaining a steady and efficient collection process to support its financial health and operational stability.