Saia Inc (SAIA)

Total 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
Total assets	US$ in thousands	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	1,415,690	1,422,270	1,352,120	1,246,860
Total asset turnover		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	1.26	1.23	1.26	1.34

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,877,988K ÷ $2,583,560K
= 1.11

Saia Inc.'s total asset turnover has displayed some fluctuations over the past eight quarters. The ratio, which indicates how efficiently the company is using its assets to generate revenue, was relatively stable around 1.28 in the first half of 2022. However, it started to decrease gradually in the latter half of 2022 and continued to decline into 2023, reaching its lowest point of 1.12 in Q4 2023.

The decreasing trend in total asset turnover may suggest that Saia Inc. is becoming less efficient in utilizing its assets to generate sales. This could be a cause for concern as it indicates a decline in productivity or a potential increase in asset base without a corresponding increase in revenue.

Further analysis of the company's operational efficiency and asset management practices would be necessary to understand the factors contributing to the fluctuations in total asset turnover and to identify potential areas for improvement.