Saia Inc (SAIA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,311,270	2,231,480	2,136,090	2,028,940	1,941,490	1,849,460	1,746,220	1,650,940	1,579,340	1,506,480	1,403,760	1,291,490	1,220,330	1,144,730	1,063,160	997,618	961,288	918,466	875,090	843,387
ROE		15.67%	16.81%	17.82%	18.21%	18.28%	18.19%	19.25%	21.45%	22.63%	23.92%	24.37%	22.87%	20.75%	19.19%	17.08%	14.79%	14.39%	13.01%	12.68%	14.18%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $362,065K ÷ $2,311,270K
= 15.67%

Saia Inc's return on equity (ROE) has shown a fluctuating trend over the past few years based on the provided data. ROE is a measure of a company's profitability relative to its shareholders' equity.

From March 31, 2020, to June 30, 2022, Saia Inc experienced a steady increase in ROE, indicating improved profitability in relation to shareholder investments. The ROE reached its peak at 24.37% on June 30, 2022, demonstrating strong returns generated from shareholder equity during this period.

However, starting from September 30, 2022, there was a slight decline in ROE, which continued until December 31, 2024. The ROE decreased from 23.92% on September 30, 2022, to 15.67% on December 31, 2024. This decline could suggest a decreasing profitability relative to shareholder equity, which may raise concerns about the company's efficiency in generating returns for its shareholders.

Overall, while Saia Inc's ROE initially showed an upward trajectory, it later experienced a downward trend. It would be important for stakeholders and investors to examine the reasons behind this decline in ROE and assess the company's strategies to improve profitability and enhance shareholder value in the future.