Schneider National Inc (SNDR)
Total asset 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 |
| Total assets | US$ in thousands | 4,557,200 | 4,318,200 | 3,937,300 | 3,516,200 | 3,660,100 |
| Total asset turnover | 1.21 | 1.53 | 1.42 | 1.29 | 1.30 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,498,900K ÷ $4,557,200K
= 1.21
Schneider National Inc's total asset turnover has shown some fluctuations over the past five years. The ratio stood at 1.21 in 2023, indicating that the company generated $1.21 in revenue for every $1 of assets. This represents a decrease from the previous year's figure of 1.53. The decrease in total asset turnover suggests that Schneider National Inc may be less efficient in utilizing its assets to generate revenue in 2023 compared to 2022.
Comparing the latest total asset turnover with historical data, we observe that the ratio in 2023 is lower than the figures from 2021, 2020, and 2019, which were 1.42, 1.29, and 1.30 respectively. This indicates a declining trend in asset utilization efficiency over the years.
Overall, the decreasing total asset turnover trend may warrant further investigation into the company's asset management strategies and operational efficiency to improve revenue generation from its asset base.
Peer comparison
Dec 31, 2023