Saia Inc (SAIA)
Total 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 |
| Total assets | US$ in thousands | 3,166,860 | 2,583,560 | 2,174,710 | 1,845,250 | 1,548,770 |
| Total asset turnover | 1.01 | 1.12 | 1.28 | 1.24 | 1.17 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,209,070K ÷ $3,166,860K
= 1.01
The total asset turnover for Saia Inc has shown a fluctuating trend over the past five years. Starting at 1.17 in December 2020, the ratio increased to 1.24 by December 2021 and further to 1.28 by December 2022, showcasing an improvement in the company's ability to generate sales from its total assets. However, there was a slight decline in the total asset turnover to 1.12 by December 2023, which may indicate a temporary slowdown in asset utilization efficiency. Notably, by December 2024, the total asset turnover decreased to 1.01, suggesting a potential decrease in sales generated from the company's total assets compared to the previous years. This trend warrants a closer examination of Saia Inc's asset management strategies to ensure optimal utilization of its assets in driving revenue generation.
Peer comparison
Dec 31, 2024