Sun Country Airlines Holdings Inc (SNCY)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Receivables turnover | 26.40 | 24.54 | 19.79 | |
| DSO | days | 13.82 | 14.87 | 18.45 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 26.40
= 13.82
The Days of Sales Outstanding (DSO) for Sun Country Airlines Holdings Inc have shown a decreasing trend over the past three years, decreasing from 17.67 days at the end of 2021 to 13.27 days at the end of 2023. This indicates that the company has been able to collect its accounts receivable more efficiently over the years, requiring fewer days to convert its credit sales into cash. A lower DSO figure is generally favorable as it suggests a faster cash conversion cycle and better liquidity for the company. Sun Country Airlines Holdings Inc's improving DSO may be attributed to better credit management practices, stricter collection policies, or a shift in customer payment behavior.
Peer comparison
Dec 31, 2023