Sun Country Airlines Holdings Inc (SNCY)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,080,718 | 1,039,171 | 1,027,174 | 1,022,640 | 1,007,754 | 992,038 | 968,772 | 930,950 | 861,871 | 815,190 | 768,360 | 699,444 | 603,528 |
| Receivables | US$ in thousands | 35,296 | 37,806 | 44,635 | 37,525 | 38,166 | 42,876 | 26,937 | 35,464 | 35,124 | 31,628 | 38,479 | 31,733 | 30,156 |
| Receivables turnover | 30.62 | 27.49 | 23.01 | 27.25 | 26.40 | 23.14 | 35.96 | 26.25 | 24.54 | 25.77 | 19.97 | 22.04 | 20.01 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,080,718K ÷ $35,296K
= 30.62
The receivables turnover ratio of Sun Country Airlines Holdings Inc has shown fluctuations over the specified periods. The ratios indicate how many times, on average, the company collects its accounts receivables during a given period.
Looking at the data provided:
- The receivables turnover ratio was relatively stable around 20-25 times for most of the periods, indicating that Sun Country Airlines was collecting its receivables efficiently during these times.
- The ratio peaked at 35.96 on June 30, 2023, suggesting a significant improvement in the company's ability to collect its outstanding receivables during that quarter.
- On the other hand, the ratio decreased to its lowest point of 19.97 on June 30, 2022, which could indicate potential challenges in collecting receivables efficiently during that quarter.
- Overall, the company's receivables turnover ratio trended upwards towards the end of the period, reaching 30.62 on December 31, 2024, which may suggest improved efficiency in collecting accounts receivables.
In conclusion, the receivables turnover ratio of Sun Country Airlines Holdings Inc has shown varying levels of efficiency in collecting its outstanding receivables over the specified periods, with some quarters performing better than others. It's essential for the company to monitor and manage its receivables effectively to maintain a healthy cash flow and liquidity position.
Peer comparison
Dec 31, 2024