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.