Saia Inc (SAIA)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 9.20 | 8.89 | 8.27 | 8.39 | 8.71 | |
| DSO | days | 39.66 | 41.05 | 44.12 | 43.52 | 41.90 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.20
= 39.66
Saia Inc.'s Days Sales Outstanding (DSO) has shown some fluctuations over the past five years. The DSO decreased from 41.76 days in 2019 to 39.62 days in 2023. This reduction indicates that the company has been able to collect its accounts receivable more efficiently over the years.
Although there was a slight increase in DSO in 2022 compared to 2021, the overall trend has been positive in terms of managing accounts receivable. Lower DSO implies that Saia Inc. is collecting payments from its customers more quickly, which could potentially improve its cash flow and liquidity position.
It is important to further investigate the reasons behind the changes in DSO to determine if improvements in credit and collection policies, changes in customer payment behavior, or other factors have contributed to the trend. Overall, the decreasing trend in DSO reflects positively on Saia Inc.'s ability to efficiently manage its accounts receivable.
Peer comparison
Dec 31, 2023