Sun Country Airlines Holdings Inc (SNCY)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	1,007,754	992,038	968,772	930,950	861,871	815,190	768,360	699,444	603,528
Property, plant and equipment	US$ in thousands	725,921	670,801	671,975	606,280	523,676	526,799	493,736	400,102	514,490	561,029	500,041	456,929
Fixed asset turnover		1.39	1.48	1.44	1.54	1.65	1.55	1.56	1.75	1.17

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,007,754K ÷ $725,921K
= 1.39

Sun Country Airlines Holdings Inc's fixed asset turnover ratio has shown a positive trend over the past eight quarters, indicating an improving efficiency in generating revenue from its fixed assets. The ratio has increased steadily from 1.07 in Q1 2022 to 1.29 in Q4 2023, reflecting the company's ability to utilize its fixed assets more effectively to generate sales. This indicates that the company is managing its fixed assets efficiently to generate revenue, which is a positive sign for its operational performance. Overall, the increasing trend in the fixed asset turnover ratio suggests that Sun Country Airlines Holdings Inc has been making effective use of its fixed assets to drive sales growth.