Sun Country Airlines Holdings Inc (SNCY)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 66.23 | 70.09 | 80.28 | 78.09 | 85.14 | 85.76 | 87.90 | 95.41 | 81.52 | 79.45 | 84.60 | 83.26 | 75.83 | |
| DOH | days | 5.51 | 5.21 | 4.55 | 4.67 | 4.29 | 4.26 | 4.15 | 3.83 | 4.48 | 4.59 | 4.31 | 4.38 | 4.81 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 66.23
= 5.51
Sun Country Airlines Holdings Inc's days of inventory on hand (DOH) measures how many days it takes for the company to sell its inventory. The trend of Sun Country Airlines Holdings Inc's DOH from December 31, 2021, to December 31, 2024, shows fluctuations within a range.
During this period, the DOH ranged from a low of 3.83 days on March 31, 2023, to a high of 5.51 days on December 31, 2024. Overall, the DOH remained relatively stable between 4.31 days and 4.81 days for most quarters, suggesting consistent efficiency in managing inventory levels.
The decrease in DOH to 3.83 days on March 31, 2023, indicates a potential improvement in inventory management, leading to faster turnover of inventory. However, the subsequent increase to 5.51 days on December 31, 2024, may raise concerns about inventory stagnation or overstocking.
Analyzing Sun Country Airlines Holdings Inc's DOH provides insights into the company's inventory management efficiency and potential for optimizing working capital. Further examination of the factors influencing fluctuations in DOH can help identify areas for improvement in inventory control and cost management.
Peer comparison
Dec 31, 2024