Sun Country Airlines Holdings Inc (SNCY)

Receivables 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
Revenue (ttm)	US$ in thousands	1,007,754	992,038	968,772	930,950	861,871	815,190	768,360	699,444	603,528
Receivables	US$ in thousands	38,166	42,876	26,937	35,464	35,124	31,628	38,479	31,733	30,156	31,221	25,989	25,897
Receivables turnover		26.40	23.14	35.96	26.25	24.54	25.77	19.97	22.04	20.01

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,007,754K ÷ $38,166K
= 26.40

The receivables turnover ratio for Sun Country Airlines Holdings Inc has shown fluctuations over the past eight quarters. The trend indicates variability in the company's ability to collect outstanding receivables efficiently.

In Q2 2023, the receivables turnover ratio reached its peak at 37.27, signifying that the company converted its accounts receivable into cash 37.27 times during that quarter. This could suggest effective credit management and timely collection of payments from customers.

However, in Q3 2022, the ratio dropped to 20.58, indicating a potential delay in collecting outstanding payments. This decrease may raise concerns about the company's liquidity and efficiency in managing its receivables during that period.

Overall, the receivables turnover ratio has displayed variability, which could reflect changes in the company's credit policies, customer payment behavior, or collection processes. Further analysis of the underlying factors influencing the fluctuations in the ratio would be necessary to gain a deeper understanding of Sun Country Airlines Holdings Inc's receivables management performance.