Schneider National Inc (SNDR)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	296,400	600,400	533,700	286,700	207,800
Total assets	US$ in thousands	4,557,200	4,318,200	3,937,300	3,516,200	3,660,100
Operating ROA		6.50%	13.90%	13.55%	8.15%	5.68%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $296,400K ÷ $4,557,200K
= 6.50%

Schneider National Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past five years. The company's operating ROA was 6.50% in 2023, marking a decrease from the previous year's 13.90%. This decline raises questions about the company's operational efficiency and ability to generate profits from its assets.

Comparing to 2021, where the operating ROA was 13.55%, the recent decrease suggests a potential struggle in effectively utilizing its assets to generate operating income. The lower operating ROA in 2023 could indicate challenges in operational performance, such as lower profitability or higher operating expenses relative to asset utilization.

In 2020 and 2019, Schneider National Inc experienced operating ROAs of 8.15% and 5.68%, respectively. The increasing trend from 2019 to 2022 shows improvements in asset productivity and operational efficiency. However, the recent decline in 2023 highlights the importance of monitoring the company's asset management and operational performance to ensure sustainable profitability in the future.

Overall, the downward trend in Schneider National Inc's operating ROA warrants further investigation into the factors impacting the company's ability to generate returns from its assets and may require strategic adjustments to enhance operational efficiency and profitability over time.