Saia Inc (SAIA)

Receivables turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,877,990	2,789,400	2,289,390	1,819,720	1,780,450
Receivables	US$ in thousands	312,747	313,744	276,755	216,995	204,407
Receivables turnover		9.20	8.89	8.27	8.39	8.71

December 31, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $2,877,990K ÷ $312,747K
= 9.20

Saia Inc.'s receivables turnover has shown a consistent trend over the past five years. The ratio has ranged from 8.27 to 9.21, indicating the company's ability to efficiently convert its accounts receivables into cash during each year.

The upward trend from 8.27 in 2021 to 9.21 in 2023 suggests that Saia Inc. has been improving its efficiency in collecting outstanding receivables. A higher receivables turnover ratio is generally preferred as it signifies that the company is collecting payments from customers more quickly.

Overall, Saia Inc.'s receivables turnover indicates that the company has been managing its accounts receivables effectively in recent years, likely through efficient credit management and collection efforts. It is essential for the company to continue monitoring this ratio to ensure that its receivables are being collected promptly and to maintain healthy cash flow.