Saia Inc (SAIA)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	362,065	354,857	357,422	253,235	138,340
Total assets	US$ in thousands	3,166,860	2,583,560	2,174,710	1,845,250	1,548,770
ROA		11.43%	13.74%	16.44%	13.72%	8.93%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $362,065K ÷ $3,166,860K
= 11.43%

Saia Inc has shown a positive trend in its return on assets (ROA) over the past five years, indicating an improvement in its efficiency in generating profits from its assets.

In 2020, the ROA stood at 8.93%, showing a moderate performance. However, there was a significant increase in 2021, with the ROA jumping to 13.72%, reflecting a boost in profitability. This positive momentum continued into 2022, where the ROA further increased to 16.44%, indicating a strong performance in utilizing its assets effectively.

While there was a slight dip in 2023, with the ROA at 13.74%, the company managed to maintain a relatively high profitability level. In 2024, the ROA decreased to 11.43%, suggesting a decline in the efficiency of generating profits from its assets compared to the previous year.

Overall, Saia Inc has demonstrated a generally positive trend in its ROA over the period under review. The company's ability to consistently deliver ROA figures above 10% indicates efficient asset utilization and effective management of resources to generate returns for its shareholders. However, the slight decline in 2024 warrants further monitoring to ensure sustained profitability in the future.