Schneider National Inc (SNDR)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 320,300 | 613,600 | 554,500 | 296,500 | 214,700 |
| Long-term debt | US$ in thousands | 190,000 | 135,000 | — | — | 304,600 |
| Total stockholders’ equity | US$ in thousands | 2,956,800 | 2,837,200 | 2,423,800 | 2,055,500 | 2,236,400 |
| Return on total capital | 10.18% | 20.64% | 22.88% | 14.42% | 8.45% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $320,300K ÷ ($190,000K + $2,956,800K)
= 10.18%
Schneider National Inc's return on total capital has shown fluctuations over the past five years, ranging from a low of 8.45% in 2019 to a high of 22.88% in 2021. The return on total capital decreased to 14.42% in 2020 and further declined to 10.18% in 2023. This indicates that the company's ability to generate profits from its total invested capital has varied over the years, with a general trend of improvement from 2019 to 2021 followed by a decline in recent years. Further analysis and comparison with industry peers would be beneficial to understand the factors contributing to these fluctuations in return on total capital.
Peer comparison
Dec 31, 2023