Schneider National Inc (SNDR)

Working capital 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 current assets	US$ in thousands	1,110,900	1,350,300	1,248,500	1,220,700	1,405,700
Total current liabilities	US$ in thousands	606,200	636,900	690,200	534,600	465,200
Working capital turnover		10.90	9.26	10.05	6.64	5.05

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,498,900K ÷ ($1,110,900K – $606,200K)
= 10.90

The working capital turnover for Schneider National Inc has shown a consistent upward trend over the past five years. The ratio increased from 5.05 in 2019 to 10.90 in 2023, indicating that the company is effectively utilizing its working capital to generate revenue.

A higher working capital turnover ratio signifies that Schneider National Inc is efficiently managing its working capital to support its operations and generate sales. This improvement over the years suggests that the company has been able to optimize its working capital management strategies, potentially through more effective inventory management, accounts receivable collection, and accounts payable payment practices.

Overall, the increasing trend in the working capital turnover ratio reflects positively on Schneider National Inc's operational efficiency and indicates a strengthened ability to generate sales from its working capital resources.