Sun Country Airlines Holdings Inc (SNCY)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,080,718 | 1,039,171 | 1,027,174 | 1,022,640 | 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 | 735,129 | 654,223 | 669,718 | 673,827 | 725,921 | 670,801 | 671,975 | 606,280 | 523,676 | 526,799 | 493,736 | 400,102 | 514,490 |
| Fixed asset turnover | 1.47 | 1.59 | 1.53 | 1.52 | 1.39 | 1.48 | 1.44 | 1.54 | 1.65 | 1.55 | 1.56 | 1.75 | 1.17 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,080,718K ÷ $735,129K
= 1.47
Sun Country Airlines Holdings Inc's fixed asset turnover has shown some fluctuations over the years based on the provided data.
The fixed asset turnover ratio measures a company's ability to generate net sales from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of investment in fixed assets.
From December 31, 2021, to December 31, 2024, the fixed asset turnover ratio for Sun Country Airlines Holdings Inc ranged from 1.17 to 1.59. This indicates that the company generated between $1.17 and $1.59 in revenue for every dollar invested in fixed assets during this period.
The ratio peaked at 1.75 on March 31, 2022, indicating a relatively efficient utilization of fixed assets to generate revenue at that point in time. However, there were also fluctuations in the ratio over the subsequent quarters, suggesting varying levels of operational efficiency in utilizing fixed assets to generate sales.
Overall, the trend in Sun Country Airlines Holdings Inc's fixed asset turnover ratio shows some volatility, with fluctuations observed over the quarters. Further analysis and comparison with industry peers may provide valuable insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024