Saia Inc (SAIA)

Receivables turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	3,208,532	3,168,231	3,101,011	2,972,214	2,877,988	2,783,224	2,737,815	2,788,663	2,789,396	2,750,341	2,640,762	2,466,465	2,289,386	2,149,757	2,010,987	1,856,791	1,819,754	1,786,337	1,772,393	1,818,283
Receivables	US$ in thousands	367,098	380,725	383,033	345,808	312,747	345,940	299,551	294,917	313,744	335,595	357,052	322,343	276,755	295,862	262,711	242,895	216,995	226,677	206,281	217,436
Receivables turnover		8.74	8.32	8.10	8.59	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

December 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,208,532K ÷ $367,098K
= 8.74

Saia Inc's receivables turnover has shown some fluctuation over the past few years. The ratio measures the efficiency of the company in collecting payments from its customers.

From March 31, 2020, to December 31, 2023, the receivables turnover ratio generally ranged between 7.27 and 9.46 times, indicating that on average, Saia Inc collected its receivables around 7 to 9 times per year during this period.

In 2024, the ratio remained relatively stable between 8.10 and 9.20 times. This suggests that Saia Inc has been effective in managing its receivables, with a consistent ability to convert accounts receivable into cash.

Overall, a high receivables turnover ratio indicates that Saia Inc is efficient in collecting payments from its customers, which is a positive sign for the company's liquidity and financial health. However, it is essential to monitor any significant fluctuations in the ratio to assess changes in the company's collection practices and potential credit risks.