Saia Inc (SAIA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 24.41 | 10.47 | 13.43 | 10.82 | 12.50 | |
| Number of days of payables | days | 14.96 | 34.86 | 27.19 | 33.73 | 29.21 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 24.41
= 14.96
The number of days of payables for Saia Inc has fluctuated over the past five years. The trend indicates that the company took longer to pay its suppliers in 2021, with 33.73 days of payables, compared to 29.21 days in 2020. However, in 2022, the number of days of payables decreased to 27.19 days before increasing to 34.86 days in 2023. In the most recent year, ending December 31, 2024, Saia Inc managed to significantly reduce its number of days of payables to 14.96 days, indicating a more efficient management of its accounts payable. Overall, the company's ability to manage its payables effectively can have implications for its working capital and cash flow management.
Peer comparison
Dec 31, 2024