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.