Saia Inc (SAIA)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		10.47	12.65	13.99	12.49	13.43	11.57	8.98	9.84	10.82	8.50	11.62	9.24	12.50	11.33	13.45	12.08	12.96	12.36	13.17	13.88
Number of days of payables	days	34.86	28.85	26.10	29.23	27.19	31.54	40.64	37.11	33.73	42.92	31.40	39.50	29.21	32.22	27.14	30.21	28.16	29.54	27.72	26.29

December 31, 2023 calculation

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

To analyze the number of days of payables for Saia Inc., it is necessary to calculate the average number of days it takes the company to pay its suppliers based on the historical data provided. By dividing the accounts payable by cost of goods sold and multiplying the result by 365 days, we can determine the number of days of payables for each quarter.

Unfortunately, without the specific values for accounts payable and cost of goods sold in each quarter, we are unable to calculate the exact number of days of payables. However, tracking this metric over time can provide insight into Saia Inc.'s management of its trade credit obligations and liquidity management. Additionally, comparing this ratio to industry benchmarks or the company's historical performance can reveal trends and potential areas of improvement.