Saia Inc (SAIA)

Receivables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	3,209,070	2,881,430	2,789,400	2,289,390	1,819,720
Receivables	US$ in thousands	367,098	312,747	313,744	276,755	216,995
Receivables turnover		8.74	9.21	8.89	8.27	8.39

December 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $3,209,070K ÷ $367,098K
= 8.74

Saia Inc's receivables turnover has shown a positive trend over the past five years, increasing from 8.39 in December 31, 2020, to 8.74 in December 31, 2024. This indicates that the company is collecting its accounts receivable more efficiently.

The receivables turnover ratio measures how many times a company's accounts receivable are collected during a specific period, reflecting the efficiency of the company in managing its credit sales and collecting outstanding payments from customers.

With an upward trend in the receivables turnover ratio, Saia Inc has been able to convert its credit sales into cash more frequently over the years. This improvement suggests that the company has become more effective in managing its accounts receivable and ensuring timely collections, which can contribute to better cash flow management and overall financial health.