Schneider National Inc (SNDR)

Return on assets (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
Net income (ttm)	US$ in thousands	116,800	159,000	238,500	321,200	411,400	463,700	457,800	481,800	466,000	442,700	405,400	348,200	282,700	222,700	211,700	190,700	165,900	153,900	147,000	175,900
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
ROA		2.57%	3.47%	5.23%	7.01%	9.24%	10.37%	10.60%	11.19%	11.04%	10.83%	10.30%	9.00%	7.50%	6.16%	6.02%	4.95%	4.39%	4.14%	4.02%	4.59%

June 30, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $116,800K ÷ $4,547,900K
= 2.57%

Schneider National Inc's return on assets (ROA) has shown a fluctuating trend over the past few quarters. The ROA percentage has generally been positive, indicating that the company is generating profits from its assets.

The ROA decreased from 4.59% in the third quarter of 2019 to a low of 2.57% in the second quarter of 2024, before recovering to 3.47% in the first quarter of 2024. Subsequently, there was a significant increase in ROA to 10.37% in the first quarter of 2023, followed by a gradual decline to 4.14% in the fourth quarter of 2019.

Overall, the ROA peaked at 11.19% in the third quarter of 2022, indicating that the company was highly efficient in generating profits relative to its assets. However, the downward trend in the most recent quarters raises some concern about the company's ability to maintain profitability levels.

It is essential for stakeholders to monitor Schneider National Inc's ROA closely to assess the company's profitability and efficiency in utilizing its assets effectively. Additional factors such as industry trends and operational changes should also be considered in the overall analysis of the company's financial performance.