Sun Country Airlines Holdings Inc (SNCY)

Payables turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	693,260	664,034	624,371	409,854
Payables	US$ in thousands	56,034	59,011	62,370	39,805
Payables turnover		12.37	11.25	10.01	10.30

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $693,260K ÷ $56,034K
= 12.37

Using the provided data, the payables turnover for Sun Country Airlines Holdings Inc has shown a consistent improvement over the analyzed period, increasing from 10.30 in 2021 to 12.37 in 2024. This indicates that the company is managing its accounts payable effectively, as it is taking fewer days to pay its suppliers. A higher payables turnover ratio typically suggests that the company is efficiently managing its working capital and maintaining good relationships with its vendors. Sun Country Airlines Holdings Inc's increasing payables turnover ratio reflects positively on its liquidity management and operational efficiency.