Saia Inc (SAIA)

Liquidity ratios

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 2.01 2.16 2.17 1.90 1.94 1.63 1.58 1.51 1.30 1.33 1.24 1.13 0.99 1.02 1.09 1.23 0.96 1.02 1.10 1.14
Quick ratio 1.89 1.99 2.00 1.71 1.83 1.43 1.46 1.37 1.19 1.23 1.11 0.96 0.88 0.91 0.95 1.06 0.85 0.89 0.96 0.96
Cash ratio 0.92 0.83 0.88 0.62 0.68 0.44 0.41 0.42 0.33 0.36 0.19 0.17 0.09 0.09 0.12 0.19 0.00 0.00 0.00 0.00

Saia Inc.'s liquidity ratios have shown relatively stable trends over the past eight quarters. The current ratio, which indicates the company's ability to cover its short-term liabilities with its current assets, has ranged from 1.90 to 2.17 during this period. The consistent current ratio above 1 suggests that the company has been able to meet its short-term obligations comfortably.

The quick ratio, also known as the acid-test ratio, provides a more stringent measure of liquidity by excluding inventory from current assets. Saia's quick ratio has mirrored its current ratio, ranging from 1.90 to 2.17. This indicates that even when inventory is excluded, the company has ample liquid assets to cover its short-term liabilities.

The cash ratio, which focuses solely on the ability to cover current liabilities with cash and cash equivalents, has shown a similar trend to the other ratios. The cash ratio has fluctuated between 0.50 and 1.04, peaking in Q2 2023. This indicates that Saia Inc. has maintained a strong cash position relative to its current liabilities, which is a positive sign for its liquidity.

Overall, Saia Inc.'s liquidity ratios suggest that the company has been managing its short-term liquidity effectively, with a consistent ability to meet its financial obligations using its current assets and cash reserves.

Additional liquidity measure

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash conversion cycle days 4.80 23.81 13.84 9.37 26.39 16.26 8.71 10.59 10.40 7.32 16.28 8.25 14.32 14.10 15.34 13.44 13.73 16.07 20.97 17.97

The cash conversion cycle for Saia Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the company's cash conversion cycle was 39.62 days, indicating that on average, it takes approximately 39.62 days for Saia Inc. to convert its investments in inventory and other resources into cash flow from sales.

The trend of the cash conversion cycle for Saia Inc. has generally improved from Q3 2022 to Q1 2023, with a gradual decrease in the number of days to convert resources into sales. However, there was a slight increase in Q3 2023 compared to the previous quarter, Q2 2023.

Analyzing the data, it is important to note that a shorter cash conversion cycle suggests more efficient management of working capital and better cash flow generation. Saia Inc. has made progress in managing its cash conversion cycle more effectively, as seen in the reduction of days from the peak in Q2 2022.

Overall, the recent data indicates that Saia Inc. has been able to maintain a relatively stable cash conversion cycle over the quarters, with variations that may be influenced by factors such as seasonal demands, industry trends, and company-specific operations. Monitoring this key metric will be important for assessing Saia Inc.'s operational efficiency and liquidity management in the future.