Sun Country Airlines Holdings Inc (SNCY)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Payables turnover | 12.37 | 11.25 | 10.01 | 10.30 | |
| Number of days of payables | days | 29.50 | 32.44 | 36.46 | 35.45 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.37
= 29.50
Sun Country Airlines Holdings Inc has shown a consistent trend in managing its payables effectively over the years. The number of days of payables has decreased from 35.45 days as of December 31, 2021, to 29.50 days as of December 31, 2024. This indicates that the company has been able to reduce the time it takes to pay its suppliers, potentially improving its working capital management and cash flow efficiency. A lower number of days of payables can also suggest stronger bargaining power with suppliers or better inventory management practices. Overall, Sun Country Airlines Holdings Inc's decreasing trend in days of payables reflects a positive financial health aspect in terms of managing its payable obligations efficiently.
Peer comparison
Dec 31, 2024