Sun Country Airlines Holdings Inc (SNCY)

Working capital turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	US$ in thousands	1,007,750	861,869	596,689
Total current assets	US$ in thousands	271,351	345,490	375,443
Total current liabilities	US$ in thousands	418,582	377,128	281,651
Working capital turnover		—	—	6.36

December 31, 2023 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,007,750K ÷ ($271,351K – $418,582K)
= —

The working capital turnover ratio for Sun Country Airlines Holdings Inc was not available for the years ending December 31, 2023 and December 31, 2022. However, for the year ending December 31, 2021, the company achieved a working capital turnover ratio of 6.64. This indicates that, on average, Sun Country Airlines converted its working capital into revenue approximately 6.64 times during 2021. A higher working capital turnover ratio generally suggests that the company is efficient in managing its working capital to generate sales. This could be attributed to effective inventory management, accounts receivable collection, and accounts payable management. Further analysis comparing the working capital turnover ratio over multiple periods would provide insights into the trend and efficiency of Sun Country Airlines in utilizing its working capital to generate revenue.