Saia Inc (SAIA)

Total asset turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	2,877,990	2,789,400	2,289,390	1,819,720	1,780,450
Total assets	US$ in thousands	2,583,560	2,174,710	1,845,250	1,548,770	1,415,690
Total asset turnover		1.11	1.28	1.24	1.17	1.26

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,877,990K ÷ $2,583,560K
= 1.11

Saia Inc.'s total asset turnover has shown fluctuations over the past five years. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate sales.

In this case, we observe the following trend:
- In 2023, the total asset turnover decreased to 1.12 from 1.28 in 2022, indicating a decrease in the company's ability to generate sales relative to its total assets.
- In 2022, there was a peak in the total asset turnover at 1.28, suggesting that Saia Inc. was able to generate more sales from its assets compared to the previous and subsequent years.
- In 2021 and 2019, the total asset turnover was relatively stable at 1.24 and 1.26, respectively, indicating consistent performance in generating sales from total assets.
- In 2020, the total asset turnover decreased to 1.18, reflecting a slight decline in the efficiency of asset utilization for sales generation.

Overall, while there have been fluctuations in the total asset turnover ratio, it is essential for Saia Inc. to monitor and manage its asset utilization efficiently to ensure consistent revenue generation relative to its total assets.