Saia Inc (SAIA)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,795,940 | 1,485,500 | 1,339,840 | 1,233,810 | 1,117,000 |
| Inventory | US$ in thousands | — | 0 | 45,963 | 20,329 | 19,601 |
| Inventory turnover | — | — | 29.15 | 60.69 | 56.99 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,795,940K ÷ $—K
= —
Saia Inc's inventory turnover has shown fluctuations over the years. In December 2020, the inventory turnover ratio was 56.99, indicating that the company turned over its inventory approximately 57 times during that year. This ratio improved to 60.69 by December 2021, showing an increase in the efficiency of inventory management.
However, there was a significant drop in the inventory turnover ratio to 29.15 by December 2022, which could suggest potential issues with managing inventory levels or demand forecasting during that period. It's worth noting that there is missing data for December 2023 and December 2024 in the provided information.
Overall, analyzing the trend in inventory turnover can provide insights into Saia Inc's ability to convert its inventory into sales and manage its stock levels effectively over time.
Peer comparison
Dec 31, 2024