Saia Inc (SAIA)
Total 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 |
| Total assets | US$ in thousands | 3,166,860 | 3,082,120 | 2,957,120 | 2,765,710 | 2,583,560 | 2,485,320 | 2,337,110 | 2,242,800 | 2,174,710 | 2,140,320 | 2,047,860 | 1,932,350 | 1,845,250 | 1,789,260 | 1,647,400 | 1,610,580 | 1,548,770 | 1,565,680 | 1,538,200 | 1,577,260 |
| Total asset turnover | 1.01 | 1.03 | 1.05 | 1.07 | 1.11 | 1.12 | 1.17 | 1.24 | 1.28 | 1.29 | 1.29 | 1.28 | 1.24 | 1.20 | 1.22 | 1.15 | 1.17 | 1.14 | 1.15 | 1.15 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,208,532K ÷ $3,166,860K
= 1.01
Saia Inc's total asset turnover has shown a fluctuating trend over the past few years. The ratio ranged from 1.01 to 1.29, indicating how efficiently the company is utilizing its assets to generate revenue during each period.
In the initial period covered by the data, total asset turnover started at 1.15 for the first two quarters of 2020, slightly declining to 1.14 by September 2020. However, the ratio improved to 1.17 by December 2020 and remained relatively stable in the range of 1.15 to 1.24 during 2021 and early 2022.
A notable increase was observed in the total asset turnover in mid-2022, reaching a peak of 1.29 by June 2022. The ratio then slightly decreased to 1.12 by September 2023 and further declined to 1.01 by December 2024.
This analysis suggests that Saia Inc's efficiency in generating sales from its total assets improved significantly in mid-2022 but subsequently experienced a decline in efficiency in utilizing assets towards the end of the data period in December 2024. Monitoring this ratio over time can provide insights into the company's operational efficiency and asset utilization strategies.
Peer comparison
Dec 31, 2024