Saia Inc (SAIA)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	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	1,780,974	1,744,659	1,701,913	1,666,971
Property, plant and equipment	US$ in thousands	1,763,310	1,673,500	1,607,550	1,568,310	1,482,620	1,439,170	1,352,900	1,271,560	1,280,450	1,202,220	1,156,940	1,121,770	1,136,030	1,141,120	1,118,700	1,121,890	1,052,600	1,041,120	991,337	905,530
Fixed asset turnover		1.63	1.66	1.70	1.78	1.88	1.91	1.95	1.94	1.79	1.79	1.74	1.66	1.60	1.57	1.58	1.62	1.69	1.68	1.72	1.84

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,877,988K ÷ $1,763,310K
= 1.63

Saia Inc.'s fixed asset turnover ratio has been showing a decreasing trend over the past eight quarters, indicating that the company is generating less revenue from its fixed assets. The ratio decreased from 1.94 in Q1 2022 to 1.63 in Q4 2023. This decline suggests that the company may not be effectively utilizing its fixed assets to generate revenue. It is important for Saia Inc. to closely monitor this trend and take necessary actions to improve the efficiency of its fixed asset utilization to enhance profitability in the long run.