Sun Country Airlines Holdings Inc (SNCY)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	663,480	658,500	647,398	649,289	624,370	578,361	534,690	468,271	409,853
Inventory	US$ in thousands	7,793	7,678	7,365	6,805	7,659	7,280	6,320	5,624	5,405	5,496	5,382	5,457
Inventory turnover		85.14	85.76	87.90	95.41	81.52	79.45	84.60	83.26	75.83

December 31, 2023 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $663,480K ÷ $7,793K
= 85.14

Based on the data provided, Sun Country Airlines Holdings Inc has consistently reported an inventory turnover ratio of 0.00 over the past eight quarters. This indicates that the company is not effectively managing its inventory levels or that its sales are significantly lower than its inventory levels. A low or zero inventory turnover ratio can suggest potential inefficiencies in inventory management, leading to higher holding costs, potential obsolescence, and liquidity issues. Sun Country Airlines Holdings Inc may need to review and optimize its inventory management strategies to improve operational efficiency and financial performance.