Saia Inc (SAIA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	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	113,719	117,680	112,907	106,115
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
ROA		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%	8.03%	8.27%	8.35%	8.51%

December 31, 2023 calculation

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

The return on assets (ROA) of Saia Inc. has shown a declining trend over the past year, with Q4 2022 recording the highest ROA at 16.44% and Q4 2023 showing the lowest ROA at 13.74%. Overall, the ROA has ranged from 13.54% to 16.83% over the eight quarters analyzed.

A higher ROA indicates that the company is more efficient in generating profits from its assets. The downward trend in ROA may suggest that Saia Inc. is becoming less efficient in utilizing its assets to generate profits over time. However, it is important to consider other financial measures and external factors before drawing definitive conclusions about the company's performance.