Saia Inc (SAIA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | 50.00 | — | — | 29.15 | 111.92 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 9.20 | 8.05 | 9.14 | 9.46 | 8.89 | 8.20 | 7.40 | 7.65 | 8.27 | 7.27 | 7.65 | 7.64 | 8.39 | 7.88 | 8.59 | 8.36 | 8.71 | 8.00 | 7.50 | 8.25 |
| 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 |
| Working capital turnover | 8.81 | 8.04 | 8.79 | 11.48 | 10.86 | 12.92 | 13.39 | 14.38 | 24.12 | 19.20 | 29.15 | 45.22 | — | 403.60 | 82.25 | 31.98 | — | 310.00 | 70.33 | 56.28 |
Saia Inc.'s activity ratios reflect the efficiency of the company's operations in managing its assets and liabilities.
1. Inventory turnover: Unfortunately, there is data missing for this ratio across all quarters, which hinders a complete analysis of Saia Inc.'s efficiency in managing its inventory levels.
2. Receivables turnover: The company's receivables turnover has been relatively stable over the quarters, ranging from 7.20 to 9.26. This indicates that Saia Inc. is able to collect its accounts receivable efficiently, with a higher turnover suggesting quicker collection of outstanding payments.
3. Payables turnover: The data provided shows that the company did not have any payable turnovers, which could suggest that Saia Inc. may not rely heavily on trade credit from suppliers or may have a more immediate payment policy in place.
4. Working capital turnover: The working capital turnover has varied over the quarters, with values ranging from 8.04 to 14.37. A higher turnover ratio indicates that Saia Inc. is effectively utilizing its working capital to generate sales revenue.
Overall, while the company demonstrates efficiency in managing receivables and working capital, further data on inventory turnover would provide a more comprehensive understanding of Saia Inc.'s overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 7.30 | — | — | 12.52 | 3.26 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 39.66 | 45.37 | 39.94 | 38.60 | 41.05 | 44.54 | 49.35 | 47.70 | 44.12 | 50.23 | 47.68 | 47.75 | 43.52 | 46.32 | 42.48 | 43.65 | 41.89 | 45.61 | 48.69 | 44.26 |
| 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 |
Based on the available data for Saia Inc., we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH): Unfortunately, the data for DOH is not provided for any of the quarters in 2023 or 2022. This ratio indicates the average number of days it takes for the company to sell its inventory. Without this data, we are unable to assess the effectiveness of Saia Inc.'s inventory management during the period.
2. Days of Sales Outstanding (DSO): The DSO for the quarters in 2023 ranged from a low of 39.40 days in Q1 to a high of 47.21 days in Q3. Comparing this to the corresponding quarters in 2022, the trend seems relatively consistent, with Q4 2022 having the lowest DSO of 41.02 days and Q2 2022 the highest at 50.67 days. A lower DSO indicates that Saia Inc. is collecting its receivables more quickly, which is favorable for cash flow and liquidity.
3. Number of Days of Payables: Unfortunately, the data for the number of days of payables is not provided for any of the quarters in 2023 or 2022. This ratio provides insight into how long it takes the company to pay its suppliers. Without this data, we are unable to evaluate Saia Inc.'s payment practices and its impact on working capital management.
In conclusion, while we can observe the trend in Days of Sales Outstanding (DSO) for Saia Inc., the absence of data for Days of Inventory on Hand (DOH) and Number of Days of Payables limits our ability to conduct a comprehensive analysis of the company's activity ratios for the specified periods.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 1.63 | 1.66 | 1.70 | 1.78 | 1.88 | 1.91 | 1.95 | 1.94 | 1.79 | 1.79 | 1.74 | 1.66 | 1.60 | 1.57 | 1.58 | 1.62 | 1.69 | 1.68 | 1.72 | 1.84 |
| Total asset turnover | 1.11 | 1.12 | 1.17 | 1.24 | 1.28 | 1.29 | 1.29 | 1.28 | 1.24 | 1.20 | 1.22 | 1.15 | 1.17 | 1.14 | 1.15 | 1.15 | 1.26 | 1.23 | 1.26 | 1.34 |
Saia Inc.'s long-term activity ratios provide insights into how efficiently the company utilizes its fixed and total assets to generate sales revenues. The fixed asset turnover ratio has been generally decreasing over the quarters, from 1.88 in Q4 2022 to 1.63 in Q4 2023. This indicates that the company is generating fewer sales revenues relative to its investment in fixed assets.
On the other hand, the total asset turnover ratio has also shown a decreasing trend over the quarters, from 1.29 in Q3 2022 to 1.12 in Q4 2023. This suggests that Saia Inc. is becoming less efficient in generating sales revenues in relation to its total assets.
Overall, both ratios indicate a declining efficiency in asset utilization for Saia Inc. This trend may warrant further investigation into the company's operational performance and asset management strategies to identify opportunities for improvement and optimization.