Saia Inc (SAIA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	362,065	375,190	380,655	369,455	354,857	336,491	336,169	354,095	357,422	360,321	342,139	295,368	253,235	219,710	181,540	147,520	138,340	119,523	110,952	119,571
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
ROA		11.43%	12.17%	12.87%	13.36%	13.74%	13.54%	14.38%	15.79%	16.44%	16.83%	16.71%	15.29%	13.72%	12.28%	11.02%	9.16%	8.93%	7.63%	7.21%	7.58%

December 31, 2024 calculation

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

Saia Inc's return on assets (ROA) has displayed a generally positive trend over the past five years, indicating the company's efficiency in generating profits from its assets.

From March 31, 2020, to December 31, 2022, the ROA increased steadily from 7.58% to 16.83%, reflecting strong asset utilization and profitability. The peak ROA was observed on June 30, 2022, at 16.71%.

However, starting from December 31, 2022, there has been a slight decline in ROA, with the ratio dropping to 11.43% by December 31, 2024. This decrease suggests a potential slowdown in the company's ability to generate earnings relative to its asset base.

Overall, Saia Inc's ROA performance indicates efficient management of assets and profitability, but the recent decline warrants further monitoring to understand the factors influencing the company's profitability and asset utilization.