Sun Country Airlines Holdings Inc (SNCY)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,091,830 | 1,007,750 | 861,869 | 596,689 |
| Property, plant and equipment | US$ in thousands | 735,129 | 725,921 | 523,676 | 514,490 |
| Fixed asset turnover | 1.49 | 1.39 | 1.65 | 1.16 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,091,830K ÷ $735,129K
= 1.49
The fixed asset turnover ratio for Sun Country Airlines Holdings Inc has displayed fluctuating trends over the four years analyzed. Starting at 1.16 in December 31, 2021, the ratio increased significantly to 1.65 by December 31, 2022, indicating an improvement in the efficiency of generating revenue from fixed assets. However, in the following years, the ratio decreased to 1.39 in December 31, 2023, and then slightly increased to 1.49 by December 31, 2024.
The fluctuation in the fixed asset turnover ratio suggests variability in how effectively the company is utilizing its fixed assets to generate sales revenue. While the ratio improved in 2022, the subsequent decline in 2023 followed by a marginal increase in 2024 signifies a potential inconsistency in the company's asset management efficiency.
Further analysis and comparison with industry benchmarks would provide additional insights into Sun Country Airlines Holdings Inc's performance in utilizing its fixed assets to drive revenue generation.
Peer comparison
Dec 31, 2024