Saia Inc (SAIA)

Days of sales outstanding (DSO)

		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	Jun 30, 2019	Mar 31, 2019
Receivables turnover		9.20	8.05	9.14	9.46	8.89	8.20	7.40	7.65	8.27	7.27	7.65	7.64	8.39	7.88	8.59	8.36	8.71	8.00	7.50	8.25
DSO	days	39.66	45.37	39.94	38.60	41.05	44.54	49.35	47.70	44.12	50.23	47.68	47.75	43.52	46.32	42.48	43.65	41.89	45.61	48.69	44.26

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 9.20
= 39.66

To analyze Saia Inc.'s Days Sales Outstanding (DSO) trend, we observe fluctuations in DSO over the past eight quarters. DSO indicates the average number of days it takes for the company to collect revenue after making a sale.

In Q4 2023, Saia Inc.'s DSO improved to 39.62 days from 47.21 days in Q3 2023. This suggests that the company efficiently collected receivables in the most recent quarter. However, when compared to the same quarter in the previous year (Q4 2022) with a DSO of 41.02 days, the current DSO figure still signals an increase in efficiency.

The trend continues to show variability in collection efficiency over the quarters. Q3 2022 had the highest DSO at 50.67 days, which reduced gradually until Q4 2023. Notably, Q2 2022 also had a high DSO at 46.06 days. The lowest DSO reported was in Q1 2023 (39.40 days).

Overall, Saia Inc.'s DSO has shown some fluctuations, with the most recent quarter displaying a positive trend in collection efficiency. Monitoring this metric in conjunction with other financial ratios can provide a more comprehensive assessment of the company's financial health and management of receivables.