Schneider National Inc (SNDR)

Working capital 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 current assets	US$ in thousands	1,050,400	1,071,100	1,110,900	1,147,000	1,296,900	1,366,300	1,350,300	1,408,300	1,452,500	1,397,300	1,248,500	1,455,300	1,398,300	1,335,100	1,220,700	1,583,000	1,518,200	1,459,300	1,405,700	1,527,600
Total current liabilities	US$ in thousands	659,300	743,700	606,200	610,600	594,100	666,500	636,900	734,200	726,100	725,900	690,200	716,000	719,500	667,100	534,600	516,600	482,200	474,600	465,200	698,400
Working capital turnover		13.70	16.46	10.90	10.61	8.55	9.16	9.26	9.82	8.79	8.94	10.05	7.17	7.35	6.98	6.64	4.17	4.34	4.74	5.05	5.92

June 30, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,359,400K ÷ ($1,050,400K – $659,300K)
= 13.70

The working capital turnover ratio for Schneider National Inc has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is utilizing its working capital to generate sales.

From the data provided, we can observe that the working capital turnover ratio has varied between 4.17 to 16.46 over the last few quarters. The highest ratio of 16.46 was reported in March 2024, indicating that the company generated $16.46 in revenue for every dollar of working capital invested during that period. This suggests a high level of efficiency in utilizing its working capital resources.

Conversely, the lowest ratio of 4.17 was recorded in September 2020, implying a lower efficiency in generating sales relative to the working capital available. The company may need to focus on improving its working capital management and optimizing its capital resources to enhance operational efficiency.

Overall, the working capital turnover ratio for Schneider National Inc has exhibited variability, highlighting the importance of closely monitoring and managing working capital levels to support the company's revenue generation and operational performance.