Schneider National Inc (SNDR)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 1.59 | 1.44 | 1.83 | 1.88 | 2.18 | 2.05 | 2.12 | 1.92 | 2.00 | 1.92 | 1.81 | 2.03 | 1.94 | 2.00 | 2.28 | 3.06 | 3.15 | 3.07 | 3.02 | 2.19 |
| Quick ratio | 1.14 | 1.00 | 1.32 | 1.31 | 1.62 | 1.58 | 1.72 | 1.57 | 1.64 | 1.56 | 1.50 | 1.71 | 1.62 | 1.66 | 1.87 | 2.56 | 2.54 | 2.43 | 2.35 | 1.64 |
| Cash ratio | 0.24 | 0.17 | 0.26 | 0.19 | 0.51 | 0.66 | 0.68 | 0.54 | 0.52 | 0.44 | 0.43 | 0.77 | 0.75 | 0.78 | 0.83 | 1.58 | 1.58 | 1.37 | 1.29 | 0.69 |
Schneider National Inc's liquidity ratios have shown fluctuations over the analyzed periods. The current ratio, which measures the company's ability to cover short-term obligations with current assets, has been relatively stable, ranging from 1.44 to 2.28. This indicates that Schneider National Inc has generally maintained a strong ability to meet its short-term obligations.
The quick ratio, a more stringent measure of liquidity that excludes inventory from current assets, has also shown fluctuations, ranging from 1.00 to 2.56. Despite some variability, the quick ratio has generally been above 1, suggesting that the company has a sufficient level of liquid assets to cover its short-term liabilities without relying on inventory.
The cash ratio, which reflects the proportion of current liabilities that could be covered by cash and cash equivalents, has displayed significant variability, ranging from 0.17 to 1.58. While the cash ratio has fluctuated, it has generally remained above 0.5, indicating that Schneider National Inc holds a sufficient level of cash to cover a significant portion of its short-term obligations.
Overall, Schneider National Inc's liquidity ratios suggest that the company has maintained a strong liquidity position, with the ability to meet its short-term obligations comfortably. However, it is important to monitor these ratios over time to ensure continued liquidity and financial stability.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 22.17 | 15.44 | 24.09 | 19.09 | 11.99 | -4.07 | 4.31 | -8.05 | -12.49 | -14.08 | -7.36 | -16.42 | -15.58 | -5.22 | 9.30 | 7.52 | 17.14 | 19.35 | 23.90 | 23.99 |
The cash conversion cycle of Schneider National Inc has shown variability over the past several quarters. The company's cash conversion cycle measures the time it takes for the company to convert its investments in inventory and other resources into cash inflows from sales.
From December 2019 to March 2020, the cash conversion cycle increased significantly from 23.90 days to 24.09 days. This was followed by a further increase to 22.17 days by June 2020, indicating a longer period for the company to generate cash from its operations.
The trend changed positively from June 2020 to December 2020, with the cycle decreasing to 9.30 days, reaching a negative cycle in March 2021, indicating efficient management of working capital where the company took lesser time to convert investments into cash. However, this negative cycle was not sustainable, as it became positive again in June 2021.
Subsequently, the cash conversion cycle fluctuated between positive and negative values until June 2022, reflecting the company's efforts to manage its working capital efficiently. However, from June 2022 onwards, the cycle became consistently negative, indicating that the company was able to generate cash from its operations faster than investing in inventories and collecting receivables. This trend continued until March 2023, where the cycle reached its lowest at -4.07 days, indicating strong cash flow management.
In the most recent quarter, the cash conversion cycle increased to 22.17 days, showing an increase in the time taken by the company to convert investments into cash. Overall, Schneider National Inc needs to focus on maintaining a consistently low and stable cash conversion cycle to ensure efficient working capital management and improve its cash flow position.