Saia Inc (SAIA)
Fixed asset 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 |
| Property, plant and equipment | US$ in thousands | 2,556,940 | 2,481,910 | 2,341,230 | 2,176,860 | 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 |
| Fixed asset turnover | 1.25 | 1.28 | 1.32 | 1.37 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,208,532K ÷ $2,556,940K
= 1.25
Saia Inc's fixed asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The fixed asset turnover ratio measures how efficiently a company is generating sales revenue from its investment in fixed assets.
The trend in Saia Inc's fixed asset turnover ratio from 2020 to 2024 indicates a mix of improvements and declines. The ratio increased from 1.62 on March 31, 2020, to a peak of 1.95 on June 30, 2022, showing an improvement in utilizing fixed assets to generate sales. However, after reaching its peak, the ratio declined gradually to 1.25 by December 31, 2024.
The company experienced the highest fixed asset turnover in the mid-years of 2022, indicating a period of efficient utilization of fixed assets to generate sales. Conversely, the decreasing trend observed from late 2022 to 2024 suggests a potential decline in the efficiency of the company's fixed asset utilization.
Overall, the declining trend in Saia Inc's fixed asset turnover ratio from 2022 to 2024 warrants further investigation into the company's operational efficiency and strategic asset management practices. It is crucial for stakeholders to monitor this ratio closely to ensure the company is effectively utilizing its fixed assets to drive revenue growth and profitability.
Peer comparison
Dec 31, 2024