Schneider National Inc (SNDR)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	161,000	215,300	320,300	431,400	551,800	621,000	613,600	653,100	633,600	604,600	554,500	477,200	390,400	310,600	296,500	271,200	238,200	223,500	214,700	255,700
Long-term debt	US$ in thousands	—	—	190,000	—	—	—	135,000	—	—	—	—	—	—	—	—	—	—	—	304,600	304,600
Total stockholders’ equity	US$ in thousands	2,951,600	2,942,000	2,956,800	2,957,100	2,948,400	2,918,800	2,837,200	2,737,900	2,623,800	2,504,900	2,423,800	2,299,100	2,198,400	2,099,900	2,055,500	2,342,500	2,305,800	2,268,500	2,236,400	2,192,200
Return on total capital		5.45%	7.32%	10.18%	14.59%	18.72%	21.28%	20.64%	23.85%	24.15%	24.14%	22.88%	20.76%	17.76%	14.79%	14.42%	11.58%	10.33%	9.85%	8.45%	10.24%

June 30, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $161,000K ÷ ($—K + $2,951,600K)
= 5.45%

Schneider National Inc's return on total capital has shown variability over the past several quarters. The trend indicates a gradual decline in return on total capital from the most recent period at 5.45% to a peak of 24.15% in the quarter ending Jun 30, 2022. The company's return on total capital has generally been in the double digits, reflecting a decent performance in generating returns from its total capital base. However, the latest figure of 5.45% shows a decrease from the previous periods.

It is essential for Schneider National Inc to monitor and potentially improve its return on total capital to ensure efficient utilization of its total capital resources. The company may need to explore ways to enhance profitability and efficiency in deploying its capital to generate higher returns for its stakeholders. Monitoring the factors influencing this ratio and implementing effective strategies to optimize capital allocation could help Schneider National Inc improve its overall financial performance.