Saia Inc (SAIA)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	1,485,500	1,339,840	1,233,810	1,117,000	1,089,580
Inventory	US$ in thousands	—	45,963	20,329	19,601	26,830
Inventory turnover		—	29.15	60.69	56.99	40.61

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,485,500K ÷ $—K
= —

To calculate the inventory turnover for Saia Inc., we need to use the formula:

Inventory Turnover = Cost of Goods Sold / Average Inventory

Given the absence of specific data for Cost of Goods Sold and Inventory in the table provided, a detailed analysis of the inventory turnover ratio for Saia Inc. cannot be determined.

In order to provide a comprehensive analysis of this ratio, we would need to obtain the necessary financial data such as Cost of Goods Sold and Inventory figures for each year mentioned. These details are crucial for accurately evaluating how efficiently Saia Inc. is managing its inventory.

Overall, without access to the specific financial data required for the calculation, a meaningful assessment of Saia Inc.'s inventory turnover performance is not feasible at this time.