Schneider National Inc (SNDR)
Total asset 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 |
| Total assets | US$ in thousands | 4,547,900 | 4,578,800 | 4,557,200 | 4,580,300 | 4,453,200 | 4,470,700 | 4,318,200 | 4,305,900 | 4,222,100 | 4,086,600 | 3,937,300 | 3,870,100 | 3,767,800 | 3,613,300 | 3,516,200 | 3,853,600 | 3,777,700 | 3,714,900 | 3,660,100 | 3,831,000 |
| Total asset turnover | 1.18 | 1.18 | 1.21 | 1.24 | 1.35 | 1.43 | 1.53 | 1.54 | 1.51 | 1.47 | 1.42 | 1.37 | 1.32 | 1.29 | 1.29 | 1.15 | 1.19 | 1.26 | 1.30 | 1.28 |
June 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,359,400K ÷ $4,547,900K
= 1.18
Schneider National Inc's total asset turnover has shown some fluctuations over the past few quarters. The ratio peaked at 1.54 in September 2022 and has generally trended downward since then. The company's ability to generate sales from its total assets decreased to 1.18 in the most recent quarter, June 2024.
A total asset turnover ratio below 1 indicates that the company is not efficiently utilizing its assets to generate sales. In Schneider National Inc's case, the declining trend suggests a potential inefficiency in asset utilization or a slowdown in sales relative to asset growth.
It is important for the company to keep a close eye on its asset turnover ratio and identify opportunities to improve operational efficiency and sales generation to ensure optimal utilization of its assets. Variations in this ratio could also be influenced by changes in the company's business model, industry conditions, or economic factors, which should be taken into consideration when evaluating performance.
Peer comparison
Jun 30, 2024