Sun Country Airlines Holdings Inc (SNCY)

Working capital 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 current assets US$ in thousands 266,584 226,024 213,712 234,969 271,351 260,305 302,263 325,993 345,490 337,740 363,338 349,243 375,443
Total current liabilities US$ in thousands 422,290 380,824 367,339 383,567 418,582 370,875 383,255 366,368 377,128 320,689 331,361 301,476 281,651
Working capital turnover — — — — — — — — — 47.81 24.03 14.64 6.43

December 31, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,080,718K ÷ ($266,584K – $422,290K)
= —

Sun Country Airlines Holdings Inc's working capital turnover ratio has shown a significant upward trend over the analyzed periods. The ratio increased from 6.43 in December 31, 2021, to 47.81 in September 30, 2022, indicating a substantial improvement in the company's efficiency in utilizing its working capital to generate sales during that period.

This upward trend suggests that Sun Country Airlines Holdings Inc has been able to effectively manage its working capital and convert it into revenue at an accelerating pace. A higher working capital turnover ratio is generally viewed positively as it indicates that the company is efficiently using its resources to generate sales.

However, it is notable that the data for the periods after September 30, 2022, is not available, which limits the ability to provide a more comprehensive analysis of the company's working capital turnover beyond that point.

In conclusion, based on the available data, Sun Country Airlines Holdings Inc has shown a strong performance in terms of working capital turnover, reflecting efficient management of working capital to drive revenue growth.