Saia Asset Turnover vs Interest Expense Analysis

SAIA Stock  USD 580.46  7.02  1.19%   
Saia financial indicator trend analysis is much more than just breaking down Saia Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Saia Inc is a good investment. Please check the relationship between Saia Asset Turnover and its Interest Expense accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saia Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

Asset Turnover vs Interest Expense

Asset Turnover vs Interest Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Saia Inc Asset Turnover account and Interest Expense. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Saia's Asset Turnover and Interest Expense is 0.57. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Saia Inc, assuming nothing else is changed. The correlation between historical values of Saia's Asset Turnover and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Saia Inc are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Asset Turnover i.e., Saia's Asset Turnover and Interest Expense go up and down completely randomly.

Correlation Coefficient

0.57
Relationship DirectionPositive 
Relationship StrengthWeak

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.
Most indicators from Saia's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Saia Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saia Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
The current year's Enterprise Value Multiple is expected to grow to 18.88, whereas Selling General Administrative is forecasted to decline to about 64.6 M.
 2021 2022 2023 2024 (projected)
Gross Profit451.7M591.0M461.4M369.1M
Total Revenue2.3B2.8B2.9B3.0B

Saia fundamental ratios Correlations

0.561.01.0-0.650.911.00.580.050.910.710.8-0.330.80.990.970.970.770.960.98-0.59-0.2-0.11-0.350.990.98
0.560.510.620.220.250.60.020.180.250.510.82-0.530.780.490.390.480.70.620.560.060.03-0.55-0.050.630.56
1.00.510.99-0.70.940.990.570.070.940.680.76-0.320.760.990.980.980.740.950.97-0.6-0.18-0.08-0.330.980.98
1.00.620.99-0.580.871.00.550.040.870.740.83-0.340.830.970.950.960.80.970.98-0.56-0.21-0.16-0.361.00.98
-0.650.22-0.7-0.58-0.88-0.6-0.56-0.09-0.88-0.19-0.180.11-0.2-0.72-0.78-0.73-0.22-0.51-0.620.610.06-0.330.17-0.57-0.61
0.910.250.940.87-0.880.880.580.171.00.430.55-0.350.550.950.960.950.530.80.88-0.57-0.040.08-0.190.870.88
1.00.60.991.0-0.60.880.570.040.880.740.82-0.330.820.980.960.960.790.970.98-0.57-0.21-0.14-0.360.990.98
0.580.020.570.55-0.560.580.57-0.410.580.520.330.250.320.540.620.470.290.540.63-0.56-0.470.41-0.550.510.55
0.050.180.070.04-0.090.170.04-0.410.17-0.5-0.03-0.73-0.020.12-0.010.180.02-0.010.070.430.88-0.240.830.110.06
0.910.250.940.87-0.881.00.880.580.170.430.55-0.350.550.950.960.950.530.80.88-0.57-0.040.08-0.190.870.88
0.710.510.680.74-0.190.430.740.52-0.50.430.780.140.80.640.670.570.780.780.7-0.64-0.7-0.08-0.760.720.74
0.80.820.760.83-0.180.550.820.33-0.030.550.78-0.410.980.740.70.720.930.820.78-0.36-0.27-0.31-0.360.820.79
-0.33-0.53-0.32-0.340.11-0.35-0.330.25-0.73-0.350.14-0.41-0.4-0.37-0.27-0.42-0.4-0.26-0.32-0.06-0.490.43-0.41-0.37-0.32
0.80.780.760.83-0.20.550.820.32-0.020.550.80.98-0.40.750.710.720.980.830.79-0.43-0.31-0.35-0.40.830.81
0.990.490.990.97-0.720.950.980.540.120.950.640.74-0.370.750.980.980.740.930.97-0.6-0.15-0.1-0.30.980.98
0.970.390.980.95-0.780.960.960.62-0.010.960.670.7-0.270.710.980.970.690.90.95-0.68-0.270.0-0.410.940.96
0.970.480.980.96-0.730.950.960.470.180.950.570.72-0.420.720.980.970.690.90.94-0.55-0.07-0.1-0.220.960.95
0.770.70.740.8-0.220.530.790.290.020.530.780.93-0.40.980.740.690.690.80.78-0.49-0.32-0.39-0.40.810.81
0.960.620.950.97-0.510.80.970.54-0.010.80.780.82-0.260.830.930.90.90.80.94-0.55-0.23-0.22-0.350.970.94
0.980.560.970.98-0.620.880.980.630.070.880.70.78-0.320.790.970.950.940.780.94-0.56-0.19-0.09-0.340.980.98
-0.590.06-0.6-0.560.61-0.57-0.57-0.560.43-0.57-0.64-0.36-0.06-0.43-0.6-0.68-0.55-0.49-0.55-0.560.71-0.040.78-0.52-0.59
-0.20.03-0.18-0.210.06-0.04-0.21-0.470.88-0.04-0.7-0.27-0.49-0.31-0.15-0.27-0.07-0.32-0.23-0.190.71-0.070.98-0.15-0.22
-0.11-0.55-0.08-0.16-0.330.08-0.140.41-0.240.08-0.08-0.310.43-0.35-0.10.0-0.1-0.39-0.22-0.09-0.04-0.07-0.08-0.18-0.1
-0.35-0.05-0.33-0.360.17-0.19-0.36-0.550.83-0.19-0.76-0.36-0.41-0.4-0.3-0.41-0.22-0.4-0.35-0.340.780.98-0.08-0.3-0.37
0.990.630.981.0-0.570.870.990.510.110.870.720.82-0.370.830.980.940.960.810.970.98-0.52-0.15-0.18-0.30.99
0.980.560.980.98-0.610.880.980.550.060.880.740.79-0.320.810.980.960.950.810.940.98-0.59-0.22-0.1-0.370.99
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Saia Account Relationship Matchups

Saia fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.4B1.5B1.8B2.2B2.7B2.8B
Short Long Term Debt Total241.7M186.5M160.4M154.5M138.7M130.0M
Total Stockholder Equity815.2M961.3M1.2B1.6B1.9B2.0B
Property Plant And Equipment Net1.2B1.2B1.4B1.6B1.9B2.0B
Net Debt241.4M161.2M53.8M(32.9M)(157.5M)(149.6M)
Cash248K25.3M106.6M187.4M296.2M311.0M
Non Current Assets Total1.2B1.3B1.4B1.6B2.0B2.1B
Non Currrent Assets Other7.6M7.0M21.6M(123.2M)208.7M219.1M
Other Assets5.3M27.3M40.8M22.6M20.3M21.5M
Cash And Short Term Investments248K25.3M106.6M187.4M296.2M311.0M
Common Stock Shares Outstanding26.4M26.6M26.7M26.7M26.8M26.3M
Liabilities And Stockholders Equity1.4B1.5B1.8B2.2B2.7B2.8B
Non Current Liabilities Total359.2M311.7M303.6M321.3M396.1M230.4M
Other Stockholder Equity257M264.7M270.5M272.1M279.4M491.3M
Total Liab600.5M587.5M624.9M595.4M718.1M402.9M
Property Plant And Equipment Gross1.2B1.2B2.1B2.5B3.0B3.2B
Total Current Assets232.4M271.7M416.3M530.9M648.7M681.1M
Other Current Liab69.5M90.2M93.3M134.8M144.2M151.5M
Total Current Liabilities241.2M275.8M321.3M274.1M322.1M175.1M
Other Liab156.0M166.0M184.2M206.2M237.1M249.0M
Accounts Payable83.6M89.4M114.0M99.8M141.9M149.0M
Long Term Debt117.0M50.4M31.0M16.5M14.8M14.1M
Other Current Assets9.2M9.9M12.6M7.2M39.7M41.7M
Intangible Assets9.4M8.2M7.1M6.0M5.2M4.9M
Property Plant Equipment1.1B1.1B1.4B1.5B1.7B1.8B
Current Deferred Revenue48.1M49.7M55.4M73.1M84.1M88.3M
Net Receivables196.1M216.9M276.8M290.3M312.7M160.6M
Accumulated Other Comprehensive Income(628.3M)(686.6M)(765.2M)(5.7M)(5.1M)(5.4M)
Short Term Debt38.4M40.8M41.0M39.4M35.9M23.5M
Retained Earnings558.2M696.5M949.8M1.3B1.7B1.7B
Net Tangible Assets793.7M941.0M1.2B1.6B1.8B1.9B
Retained Earnings Total Equity558.2M696.5M949.8M1.3B1.5B1.6B
Capital Surpluse260.9M267.7M274.6M277.4M319.0M265.7M
Non Current Liabilities Other359.2M311.7M303.6M60.4M61.4M58.3M

Saia Investors Sentiment

The influence of Saia's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Saia. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Saia's public news can be used to forecast risks associated with an investment in Saia. The trend in average sentiment can be used to explain how an investor holding Saia can time the market purely based on public headlines and social activities around Saia Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Saia's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Saia's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Saia's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Saia.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Saia in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Saia's short interest history, or implied volatility extrapolated from Saia options trading.

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When determining whether Saia Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Saia's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Saia Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Saia Inc Stock:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Saia Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

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When running Saia's price analysis, check to measure Saia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Saia is operating at the current time. Most of Saia's value examination focuses on studying past and present price action to predict the probability of Saia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Saia's price. Additionally, you may evaluate how the addition of Saia to your portfolios can decrease your overall portfolio volatility.
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Is Saia's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Saia. If investors know Saia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Saia listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.255
Earnings Share
13.29
Revenue Per Share
108.194
Quarterly Revenue Growth
0.146
Return On Assets
0.1212
The market value of Saia Inc is measured differently than its book value, which is the value of Saia that is recorded on the company's balance sheet. Investors also form their own opinion of Saia's value that differs from its market value or its book value, called intrinsic value, which is Saia's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Saia's market value can be influenced by many factors that don't directly affect Saia's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Saia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Saia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Saia's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.