Sun Country Airlines Holdings Inc (SNCY)
Working capital 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 current assets | US$ in thousands | 266,584 | 271,351 | 345,490 | 375,443 |
| Total current liabilities | US$ in thousands | 422,290 | 418,582 | 377,128 | 281,651 |
| Working capital turnover | — | — | — | 6.36 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,091,830K ÷ ($266,584K – $422,290K)
= —
The working capital turnover ratio for Sun Country Airlines Holdings Inc was 6.36 as of December 31, 2021, indicating that the company generated $6.36 in revenue for every $1 of working capital invested during that period. The absence of data for the subsequent years (2022, 2023, and 2024) suggests that information for those periods is not available or may not have been calculated yet. It is important to note that a higher working capital turnover ratio generally reflects more efficient management of working capital and a better ability to generate revenue from the capital invested in the business operations. Monitoring this ratio over time can provide insights into the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024