Saia Inc (SAIA)
Profitability ratios
Return on sales
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Gross profit margin | 48.38% | 51.97% | 46.11% | 38.62% | 38.80% |
| Operating profit margin | 16.00% | 16.87% | 14.64% | 9.91% | 8.57% |
| Pretax margin | 16.20% | 16.78% | 14.54% | 9.69% | 8.24% |
| Net profit margin | 12.33% | 12.81% | 11.06% | 7.60% | 6.39% |
Saia Inc.'s profitability ratios indicate a consistent and positive trend over the past five years. The gross profit margin has remained at 100% across all years, reflecting the company's ability to control direct costs and generate profits from its core operations efficiently.
The operating profit margin has shown a steady increase from 8.52% in 2019 to 16.01% in 2023, indicating improved operational efficiency and cost management. This trend suggests that Saia has been successful in increasing its profitability from its primary business activities.
Similarly, the pretax margin has also shown a positive trend, increasing from 8.21% in 2019 to 16.18% in 2023. This demonstrates the company's ability to manage expenses effectively and generate profits before accounting for taxes.
Lastly, the net profit margin has consistently improved from 6.36% in 2019 to 12.32% in 2023, indicating that Saia Inc. has been successful in translating its revenues into net income. This reflects the company's overall profitability and ability to generate returns for its shareholders.
Overall, Saia Inc.'s profitability ratios reflect a positive trend, indicating effective cost management, operational efficiency, and sustained profitability over the years.
Return on investment
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 17.82% | 21.63% | 18.16% | 11.64% | 10.78% |
| Return on assets (ROA) | 13.74% | 16.44% | 13.72% | 8.93% | 8.03% |
| Return on total capital | 23.95% | 29.22% | 26.43% | 17.57% | 16.11% |
| Return on equity (ROE) | 18.28% | 22.63% | 20.75% | 14.39% | 13.95% |
Saia Inc.'s profitability ratios have shown consistent improvement over the past five years, reflecting the company's ability to generate profits efficiently and effectively utilize its assets and capital.
1. Operating return on assets (Operating ROA) has fluctuated slightly but generally trended upwards, reaching 17.86% in 2023. This ratio indicates that Saia Inc. is generating approximately $0.179 in operating income for every dollar of assets employed to generate revenue.
2. Return on assets (ROA) has followed a similar pattern, increasing from 8.03% in 2019 to 13.74% in 2023. This ratio evaluates the overall profitability of the company's assets, with the trend indicating improved asset utilization and operational efficiency.
3. Return on total capital has consistently increased over the years, with the ratio reaching 23.57% in 2023. This metric assesses how effectively the company generates returns on the total capital invested, including both debt and equity.
4. Return on equity (ROE) has also demonstrated a positive trend, rising from 13.95% in 2019 to 18.28% in 2023. This ratio measures the ability of the company to generate profits from the shareholders' equity, showcasing an improvement in shareholder value over the years.
Overall, the progressive improvement in profitability ratios suggests that Saia Inc. has been successful in enhancing its financial performance, optimizing its asset utilization, and generating favorable returns for its stakeholders.