Sun Country Airlines Holdings Inc (SNCY)

Number of days of payables

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
Payables turnover 12.37 13.86 11.15 11.18 11.24 11.83 11.53 11.11 10.01 11.57 9.21 9.39 10.30
Number of days of payables days 29.50 26.34 32.73 32.64 32.46 30.86 31.65 32.86 36.46 31.54 39.63 38.89 35.45

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.37
= 29.50

The number of days of payables for Sun Country Airlines Holdings Inc has shown variability over the period under consideration. From December 31, 2021, to December 31, 2024, the number of days of payables has fluctuated between 26.34 days and 39.63 days.

The trend indicates that the company took approximately 35.45 days to pay its payables as of December 31, 2021, which increased to 38.89 days by March 31, 2022. Subsequently, the number of days of payables continued to rise reaching its peak at 39.63 days by June 30, 2022. However, by September 30, 2022, there was a decrease to 31.54 days before increasing again to 36.46 days by December 31, 2022.

The trend continued with fluctuations over the following periods, showing a general downward trend towards the end of the period, with the number of days of payables decreasing to 29.50 days by December 31, 2024.

Overall, the number of days of payables for Sun Country Airlines Holdings Inc indicates the company's ability to manage its payables efficiently, but fluctuations should be closely monitored to ensure stable financial health.