Schneider National Inc (SNDR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	157,700	210,500	296,400	408,400	507,100	579,900	600,400	635,100	643,400	592,600	533,700	460,800	370,400	308,000	286,700	259,700	225,400	211,200	207,800	248,300
Total assets	US$ in thousands	4,547,900	4,578,800	4,557,200	4,580,300	4,453,200	4,470,700	4,318,200	4,305,900	4,222,100	4,086,600	3,937,300	3,870,100	3,767,800	3,613,300	3,516,200	3,853,600	3,777,700	3,714,900	3,660,100	3,831,000
Operating ROA		3.47%	4.60%	6.50%	8.92%	11.39%	12.97%	13.90%	14.75%	15.24%	14.50%	13.55%	11.91%	9.83%	8.52%	8.15%	6.74%	5.97%	5.69%	5.68%	6.48%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $157,700K ÷ $4,547,900K
= 3.47%

Schneider National Inc's operating return on assets (ROA) has fluctuated over the historical periods provided. The operating ROA has shown a declining trend from 6.48% in December 2019 to 3.47% in June 2024. This decrease in operating ROA may indicate inefficiencies in the utilization of the company's assets to generate operating income.

The highest operating ROA during this period was 15.24% in September 2022, suggesting a period of strong asset utilization efficiency. However, there has been a general decreasing trend since then. It is important for Schneider National Inc to closely monitor and improve its operating ROA as it directly reflects the company's ability to generate earnings from its assets in its core operations.

Overall, the decreasing trend in operating ROA may warrant further analysis into the company's operational efficiency, asset management, and profitability strategies to enhance performance and create long-term shareholder value.