Saia Inc (SAIA)

Working capital 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
Total current assets US$ in thousands 435,769 437,347 446,061 416,260 648,694 645,593 578,869 513,514 530,886 551,402 536,376 510,666 416,255 450,609 353,881 348,315 271,696 280,117 269,643 305,908
Total current liabilities US$ in thousands 278,360 346,673 327,828 337,772 322,056 299,228 267,294 270,531 274,085 338,469 339,149 339,121 321,348 338,621 284,895 307,258 275,754 275,691 248,094 249,047
Working capital turnover 20.38 34.94 26.23 37.87 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

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,208,532K ÷ ($435,769K – $278,360K)
= 20.38

The working capital turnover ratio for Saia Inc has displayed varying trends over the reported periods. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.

From March 2020 to September 2020, there was a significant increase in the working capital turnover ratio, indicating improved efficiency in utilizing working capital during these periods. However, from September 2020 to December 2020, the ratio was not provided, so no analysis can be made for this period.

Subsequently, from March 2021 to June 2022, the working capital turnover ratio fluctuated within a moderate range, suggesting varying levels of efficiency in working capital management. Notably, there was a decline in efficiency from March 2022 to December 2022, with the ratio decreasing consistently.

From March 2023 to December 2024, the working capital turnover ratio continued to fluctuate, displaying occasional increases and decreases. The ratio saw a significant decrease in efficiency in June 2023, which later showed some recovery by December 2024.

Overall, the trends in the working capital turnover ratio for Saia Inc indicate fluctuations in the efficiency of utilizing working capital to generate sales revenue. It is important for the company to monitor and manage its working capital effectively to ensure optimal operational performance and financial health.