Saia Inc (SAIA)
Working capital 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 |
| Total current assets | US$ in thousands | 435,769 | 648,694 | 530,886 | 416,255 | 271,696 |
| Total current liabilities | US$ in thousands | 278,360 | 322,056 | 274,085 | 321,348 | 275,754 |
| Working capital turnover | 20.39 | 8.82 | 10.86 | 24.12 | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,209,070K ÷ ($435,769K – $278,360K)
= 20.39
The working capital turnover ratio indicates how efficiently Saia Inc is utilizing its working capital to generate sales revenue. A higher ratio generally suggests better efficiency in using its current assets and liabilities.
In the financial years ending on December 31, 2020, 2021, 2022, 2023, and 2024, Saia Inc's working capital turnover were not provided (indicated as "—"), 24.12, 10.86, 8.82, and 20.39, respectively.
The significant decrease in the working capital turnover from 24.12 in 2021 to 8.82 in 2023 may indicate a less effective utilization of working capital during that period. However, the ratio rebounded to 20.39 in 2024, suggesting improved efficiency in managing working capital to generate sales.
It is essential for Saia Inc to monitor this ratio consistently, as it directly impacts the company's liquidity, operational efficiency, and overall financial health.
Peer comparison
Dec 31, 2024