Saia Inc (SAIA)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	354,857	357,422	253,235	138,340	113,719
Total assets	US$ in thousands	2,583,560	2,174,710	1,845,250	1,548,770	1,415,690
ROA		13.74%	16.44%	13.72%	8.93%	8.03%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $354,857K ÷ $2,583,560K
= 13.74%

Saia Inc.'s return on assets (ROA) has demonstrated fluctuations over the past five years, ranging from 8.03% in 2019 to 16.44% in 2022. The ROA for the most recent year, 2023, stands at 13.74%. This indicates that, on average, the company generated a return of 13.74 cents in net income for every dollar of assets held during the year.

The overall trend in Saia Inc.'s ROA suggests that the company has been able to effectively utilize its assets to generate profits, with the metric generally showing an upward trajectory. The higher ROA figures in recent years, particularly in 2022, signify improved efficiency in asset management and profitability.

It is important to note that a higher ROA indicates better asset utilization and efficiency in generating profits, which can be a positive indicator for investors and stakeholders. However, further analysis in conjunction with other financial metrics and industry benchmarks would provide a more comprehensive assessment of Saia Inc.'s financial performance and competitiveness within the market.