Sun Country Airlines Holdings Inc (SNCY)

Days of sales outstanding (DSO)

		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
Receivables turnover		26.40	23.14	35.96	26.25	24.54	25.77	19.97	22.04	20.01
DSO	days	13.82	15.78	10.15	13.90	14.87	14.16	18.28	16.56	18.24

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 26.40
= 13.82

To analyze the days of sales outstanding (DSO) of Sun Country Airlines Holdings Inc, we observe fluctuations in the DSO metric over the past eight quarters.

In the most recent quarter, Q4 2023, the DSO stands at 13.27 days. This represents a decrease from the previous quarter, Q3 2023, where the DSO was 15.18 days. The decrease in DSO may suggest that the company is collecting its accounts receivable more efficiently in Q4 2023 compared to the previous quarter.

Looking back at historical trends, we see variability in DSO figures. In Q2 2023, the DSO was notably low at 9.79 days, indicating a strong collection of accounts receivable during that period. However, the DSO increased in Q3 2022 to 17.74 days, which could indicate slower collections.

Overall, it is essential to consider industry benchmarks and compare Sun Country Airlines Holdings Inc's DSO to its peers to gain a more comprehensive understanding of the company's efficiency in collecting accounts receivable. Further analysis of the underlying reasons for changes in DSO over time would provide valuable insights into the company's financial performance and working capital management.