Schneider National Inc (SNDR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	238,500	457,800	405,400	211,700	147,000
Total assets	US$ in thousands	4,557,200	4,318,200	3,937,300	3,516,200	3,660,100
ROA		5.23%	10.60%	10.30%	6.02%	4.02%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $238,500K ÷ $4,557,200K
= 5.23%

Schneider National Inc's return on assets (ROA) has displayed fluctuations over the past five years. In 2023, the ROA decreased to 5.23% from 10.60% in 2022, indicating a decline in the company's ability to generate profits from its assets. This decrease may be a result of lower profitability or increased asset base.

Comparing 2023 to 2021, there was a slight decrease in ROA from 10.30% to 5.23%. The company's ability to generate profit from its assets in 2023 is lower than in 2021.

Furthermore, the ROA in 2020 was 6.02%, which was higher compared to 2019 when it stood at 4.02%, indicating an improvement in profitability relative to the total assets employed by the company. This suggests that Schneider National Inc became more effective in generating profits from its assets in 2020 compared to 2019.

Overall, the trend in Schneider National Inc's ROA indicates variability in the company's efficiency in utilizing its assets to generate profits over the past five years. Further analysis is needed to understand the factors driving these fluctuations.