Schneider National (Schneider National) Total Inventories : $118 Mil (As of Dec. 2023)

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What is Schneider National Total Inventories?

Schneider National's total inventories for the quarter that ended in Dec. 2023 was $118 Mil. Schneider National's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $116 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Schneider National's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.40.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schneider National's Days Inventory for the three months ended in Dec. 2023 was 8.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Schneider National's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.93.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Schneider National's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Schneider National Total Inventories Historical Data

The historical data trend for Schneider National's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schneider National Total Inventories Chart

Schneider National Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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71.90

44.90

27.40

53.00

117.90

Schneider National Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															53.00	59.50	84.80	113.80	117.90

Schneider National Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Schneider National (NYSE:SNDR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Schneider National's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(159.6	+	0.75 * 575.7	+	0.5 * 117.9	-	1600.4
-	0	-	0)	/	175.961
=	-5.40

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Schneider National's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	115.85	/	1266.6	*	365 / 4
	=	8.35

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Schneider National's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1266.6	/	115.85
	=	10.93

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Schneider National's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	115.85	/	1371.7
	=	0.08

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Schneider National Total Inventories Related Terms

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Schneider National (Schneider National) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Schneider National Inc (NYSE:SNDR) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

3101 South Packerland Drive, Green Bay, WI, USA, 54313

Website

https://www.schneider.com

Schneider National Inc ranks among the largest providers of surface transportation and logistics solutions in North America. The company's segments include Truckload; Intermodal; Logistics and other. It generates maximum revenue from the Truckload segment.

Executives

Darrell George Campbell	officer: EVP & Chief Financial Officer	C/O SCHNEIDER NATIONAL, INC., 3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Julie K Streich	director	123 MAIN STREET, BRISTOL CT 06010
Reich Robert M Jr	officer: Chief Admin Officer	3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Shaleen Devgun	officer: Chief Information Officer	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
James Scott Filter	officer: EVP, Pres. Transp. and Log.	3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
David L Geyer	officer: EVP, Pres. Transp. & Log.	3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Jyoti Chopra	director	3101 S. PACKERLAND DRIVE, GREEN BAY WI 54306-2545
Knight Robert M Jr	director	UNION PACIFIC CORP, 1416 DODGE ST, OMAHA NE 68179
Dumas Magnin Shelly A	officer: Vice President and Controller	3101 S. PACKERLAND DRIVE, GREEN BAY WI 54306-2545
Stephen L Bruffett	officer: EVP and CFO	3101 SOUTH PACKERLAND DRIVE, GREEN BAY WI 54313
Amy G Schilling	officer: Vice President and Controller	3101 PACKERLAND DRIVE, GREEN BAY WI 54313
Thomas G Jackson	officer: EVP & General Counsel	KNOWLES CORPORATION, 1151 MAPLEWOOD DRIVE, ITASCA IL 60143
John A Swainson	director	C/O VISA INC., 900 METRO CENTER BLVD., FOSTER CITY CA 94404
Christopher B Lofgren	director, officer: CEO & President	520 MADISON AVENUE, NEW YORK NY 10022
James R Giertz	director