Sun Country Airlines Holdings Inc (SNCY)

Total asset 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
Total assets	US$ in thousands	1,630,180	1,609,860	1,603,890	1,639,080	1,623,630	1,601,070	1,634,620	1,581,730	1,524,410	1,521,440	1,506,740	1,419,590	1,380,420
Total asset turnover		0.66	0.65	0.64	0.62	0.62	0.62	0.59	0.59	0.57	0.54	0.51	0.49	0.44

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,080,718K ÷ $1,630,180K
= 0.66

Total asset turnover measures how efficiently a company is utilizing its assets to generate revenue. It is calculated by dividing the company's total sales by its average total assets.

Based on the data provided for Sun Country Airlines Holdings Inc, we can see an increasing trend in the total asset turnover ratio over the years from 0.44 in December 31, 2021, to 0.66 in December 31, 2024. This indicates that the company has become more efficient in generating revenue from its assets over this period.

The improvement in the total asset turnover ratio implies that Sun Country Airlines Holdings Inc has been able to increase its sales relative to its total assets, which could be a positive sign of operational efficiency and effective asset management. It shows that the company is utilizing its assets more effectively to support its revenue generation activities.

An increasing total asset turnover ratio can potentially indicate that Sun Country Airlines Holdings Inc is managing its assets efficiently and effectively leveraging them to drive sales growth. However, it is essential to consider other factors alongside this ratio to gain a comprehensive understanding of the company's overall financial performance.