Schneider National's Returns on Capital Not Reflecting Well on the Business: A Closer Look at the ROCE Trend

Schneider National's (NYSE:SNDR) ROCE has decreased to 4.3% from 9.9% over the past five years, indicating a decline in efficiency. Although the company is reinvesting in its business, the stock has only gained 6.1% over the last five years, potentially indicating that investors are accounting for this going forward. Therefore, the stock may not be a multi-bagger going forward.