Saia Inc (SAIA)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		10.47	13.43	10.82	12.50	13.03
Number of days of payables	days	34.86	27.19	33.73	29.21	28.01

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.47
= 34.86

Without the specific values for Saia Inc.'s number of days of payables for the years ending December 31, 2023, 2022, 2021, 2020, and 2019, a detailed analysis cannot be provided. However, an analysis of the number of days of payables can offer insights into the company's efficiency in managing its accounts payable.

A lower number of days of payables typically indicates that Saia Inc. is paying its suppliers more quickly, which can be beneficial in terms of maintaining good relationships with suppliers and potentially negotiating better terms. However, an excessively low number of days of payables may signal financial distress or inefficient cash management.

On the other hand, a higher number of days of payables may suggest that Saia Inc. is taking longer to pay its suppliers, which could be indicative of strong bargaining power or simply a strategic use of available cash. It's essential to consider industry norms and compare Saia Inc.'s number of days of payables to its competitors or historical trends to evaluate its performance effectively.

To make a more accurate assessment of Saia Inc.'s number of days of payables, it would be necessary to know the specific values for each year and conduct a trend analysis over time. This analysis would provide valuable insights into the company's payment practices and financial health.