Sun Country Airlines Holdings Inc (SNCY)

Total asset 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
Total assets	US$ in thousands	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	1,342,310	1,309,960	1,244,200
Total asset turnover		0.62	0.62	0.59	0.59	0.57	0.54	0.51	0.49	0.44

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,007,754K ÷ $1,623,630K
= 0.62

Sun Country Airlines Holdings Inc's total asset turnover ratio has been gradually improving over the past eight quarters, reaching 0.65 in Q4 2023 from 0.51 in Q1 2022. This indicates that the company has been more efficient in generating revenue relative to its total assets. The increasing trend suggests that Sun Country Airlines Holdings Inc is making better use of its assets to generate sales, which could be a positive sign of improved operational efficiency and effective asset management. It is important to note that a higher total asset turnover ratio typically signifies more efficient asset utilization.