Sun Country Airlines Holdings Inc (SNCY)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,091,830 | 1,007,750 | 861,869 | 596,689 |
| Receivables | US$ in thousands | 35,296 | 38,166 | 35,124 | 30,156 |
| Receivables turnover | 30.93 | 26.40 | 24.54 | 19.79 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,091,830K ÷ $35,296K
= 30.93
Sun Country Airlines Holdings Inc's receivables turnover has shown a positive trend over the past four years. The ratio has increased from 19.79 in December 31, 2021, to 30.93 in December 31, 2024. This signifies that the company is collecting its accounts receivables more efficiently, as a higher turnover ratio indicates that receivables are being collected more quickly.
The improvement in receivables turnover suggests that Sun Country Airlines Holdings Inc has been more effective in managing its credit policy, maintaining good relationships with customers, and collecting payments promptly. This trend indicates a positive liquidity position and efficient working capital management within the company. Additionally, a higher receivables turnover ratio can also indicate improved cash flow, which could be beneficial for the company's overall financial health and stability.
Peer comparison
Dec 31, 2024