Sun Country Airlines Holdings Inc (SNCY)
Total asset 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 |
| Total assets | US$ in thousands | 1,630,180 | 1,623,630 | 1,524,410 | 1,380,420 |
| Total asset turnover | 0.67 | 0.62 | 0.57 | 0.43 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,091,830K ÷ $1,630,180K
= 0.67
The total asset turnover of Sun Country Airlines Holdings Inc has shown a positive trend over the four-year period from December 31, 2021, to December 31, 2024. The ratio has increased from 0.43 in 2021 to 0.67 in 2024, indicating that the company is generating more revenue relative to its total assets. This suggests that Sun Country Airlines Holdings Inc has become more efficient in utilizing its assets to generate sales, which can be a positive sign of improved operational performance and financial health. A higher total asset turnover ratio generally indicates better efficiency in asset utilization and can be seen as a favorable indicator for investors and stakeholders.
Peer comparison
Dec 31, 2024