Schneider National Inc (SNDR)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,290,500 | 5,498,900 | 6,604,400 | 5,608,700 | 4,552,800 |
| Total assets | US$ in thousands | 4,933,700 | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 |
| Total asset turnover | 1.07 | 1.21 | 1.53 | 1.42 | 1.29 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,290,500K ÷ $4,933,700K
= 1.07
Schneider National Inc's total asset turnover ratio has displayed fluctuations over the past five years. The ratio stood at 1.29 on December 31, 2020, indicating that the company generated $1.29 in revenue for every dollar of assets. Subsequently, the ratio increased to 1.42 by December 31, 2021, suggesting improved efficiency in asset utilization.
By December 31, 2022, the total asset turnover ratio further improved to 1.53, showcasing the company's ability to generate more revenue from its assets. However, there was a decline in performance by December 31, 2023, with the ratio decreasing to 1.21, signaling a potential decrease in efficiency in utilizing assets to generate sales.
The trend continued in the following year, with the total asset turnover ratio falling to 1.07 as of December 31, 2024, reflecting a further decrease in revenue generation relative to the company's total assets. Overall, the fluctuating trend in Schneider National Inc's total asset turnover ratio indicates varying levels of asset utilization efficiency over the five-year period.
Peer comparison
Dec 31, 2024