Sun Country Airlines Holdings Inc (SNCY)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 344,274 | 333,538 | 321,374 | 281,661 | 237,501 | 366,890 | 363,731 | 361,234 | 323,736 |
| Revenue (ttm) | US$ in thousands | 1,007,754 | 992,038 | 968,772 | 930,950 | 861,871 | 815,190 | 768,360 | 699,444 | 603,528 |
| Gross profit margin | 34.16% | 33.62% | 33.17% | 30.26% | 27.56% | 45.01% | 47.34% | 51.65% | 53.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $344,274K ÷ $1,007,754K
= 34.16%
Sun Country Airlines Holdings Inc has consistently maintained a gross profit margin of 100% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100% indicates that the company is able to sell its goods or services for a price that covers the cost of production and generates a profit. This high level of gross profit margin suggests strong pricing power, efficient cost management, and effective control over production costs. Overall, the stability and high level of the gross profit margin reflect favorable performance in Sun Country Airlines Holdings Inc's operations.
Peer comparison
Dec 31, 2023