Schneider National Inc (SNDR)
Working capital turnover
Dec 31, 2024 | Sep 30, 2024 | 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 | ||
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Revenue (ttm) | US$ in thousands | 5,290,500 | 5,323,100 | 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 |
Total current assets | US$ in thousands | 717,600 | 1,087,800 | 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 |
Total current liabilities | US$ in thousands | 673,900 | 657,200 | 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 |
Working capital turnover | 121.06 | 12.36 | 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 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,290,500K ÷ ($717,600K – $673,900K)
= 121.06
Schneider National Inc's working capital turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The working capital turnover ratio measures how efficiently a company is using its working capital to generate revenue.
The data indicates that the working capital turnover ratio started at 4.74 on March 31, 2020, and gradually increased before experiencing a significant spike to 121.06 on December 31, 2024. This sudden increase could be an anomaly or caused by specific events impacting the company's operations.
Overall, the trend shows an improvement in efficiency in managing working capital, as the ratio generally increased over the years. However, such a high spike in the ratio on December 31, 2024, would require further investigation to understand the reasons behind it and assess its sustainability over time. A high working capital turnover ratio may indicate that the company is efficiently using its working capital to generate sales, but it could also suggest issues like aggressive credit policies or inventory management.
In conclusion, while the upward trend in the working capital turnover ratio for Schneider National Inc is positive, the company should continue to monitor its working capital management practices to ensure sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2024