Saia Inc (SAIA)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 2,556,940 | 1,763,310 | 1,482,620 | 1,280,450 | 1,136,030 |
| Fixed asset turnover | 1.26 | 1.63 | 1.88 | 1.79 | 1.60 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,209,070K ÷ $2,556,940K
= 1.26
The fixed asset turnover ratio for Saia Inc has shown some fluctuation over the years. It increased from 1.60 in 2020 to 1.79 in 2021, indicating that the company generated $1.79 in revenue for every dollar invested in fixed assets. The ratio continued to improve in 2022, reaching 1.88, suggesting that the company was more efficient in generating sales from its fixed assets.
However, there was a slight decrease in the fixed asset turnover ratio to 1.63 in 2023, which may indicate either decreased sales relative to fixed assets or an increase in the book value of fixed assets. The ratio then dropped significantly to 1.26 in 2024, which could imply a decrease in revenue generated from fixed assets or a substantial increase in the value of fixed assets.
Overall, Saia Inc's fixed asset turnover ratio has shown some variability over the years, with periods of improvement followed by slight declines. Further analysis would be needed to understand the underlying reasons for these fluctuations and assess the company's overall efficiency in utilizing its fixed assets to generate revenue.
Peer comparison
Dec 31, 2024