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
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.