Saia Inc (SAIA)

Inventory turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cost of revenue (ttm)	US$ in thousands	2,795,933	1,656,524	1,598,821	1,534,361	1,485,499	1,424,353	1,374,202	1,353,148	1,339,840	1,327,223	1,304,904	1,280,330	1,233,813	1,197,244	1,168,158	1,123,798	1,117,005	1,099,501	1,096,251	1,104,312
Inventory	US$ in thousands	—	35,746	—	—	0	28,485	—	—	45,963	11,859	0	0	—	—	0	—	—	—	0	—
Inventory turnover		—	46.34	—	—	—	50.00	—	—	29.15	111.92	—	—	—	—	—	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,795,933K ÷ $—K
= —

The inventory turnover ratio for Saia Inc has shown variability over the periods provided. The inventory turnover for the quarters ending September 30, 2022, and September 30, 2023, were 111.92 and 50.00, respectively. These values indicate that Saia Inc turned over its inventory very quickly during those periods.

However, for December 31, 2022, and September 30, 2024, the inventory turnover ratios were 29.15 and 46.34, respectively. These lower values suggest that Saia Inc took a longer time to sell its inventory during those specific periods.

The inventory turnover for the remaining periods, including those where the data was not provided, was indicated as "—", making it difficult to draw a comprehensive trend analysis for those times.

Overall, the inventory turnover ratio provides insights into how efficiently Saia Inc manages its inventory levels and sales. It is essential for the company to strike a balance between having enough inventory to meet customer demand and avoiding excess stock that can tie up capital and potentially lead to obsolescence.