Sun Country Airlines Holdings Inc (SNCY)

Payables 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
Payables	US$ in thousands	59,011	55,680	56,143	58,455	62,370	49,969	58,051	49,890	39,805	35,676	36,847	34,171
Payables turnover		11.24	11.83	11.53	11.11	10.01	11.57	9.21	9.39	10.30

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $663,480K ÷ $59,011K
= 11.24

Based on the data provided, Sun Country Airlines Holdings Inc has consistently reported a payables turnover ratio of 0.00 across all quarters for the past two years. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This could suggest potential issues with the company's ability to pay its suppliers in a timely manner or may reflect discrepancies in reporting.

A payables turnover ratio of 0.00 could also imply that the company is taking an exceptionally long time to pay its suppliers, which may strain relationships with vendors and impact the company's creditworthiness. Additionally, a low or zero payables turnover ratio could be a red flag for potential liquidity concerns or inefficiencies in the company's working capital management.

Overall, the consistent 0.00 payables turnover ratio for Sun Country Airlines Holdings Inc over the past eight quarters warrants further investigation into the company's accounts payable management practices and financial health.