• Saia average return on tangible equity for 2023 was 19.99, a 23.91% decline from 2022.
• Saia average return on tangible equity for 2022 was 26.27, a 21.85% decline from 2021.
• Saia average return on tangible equity for 2021 was 21.56, a 47.87% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.