Sun Country Airlines Holdings Inc (SNCY)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 105,986 | 127,500 | 55,708 | 111,947 |
| Total assets | US$ in thousands | 1,630,180 | 1,623,630 | 1,524,410 | 1,380,420 |
| Operating ROA | 6.50% | 7.85% | 3.65% | 8.11% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $105,986K ÷ $1,630,180K
= 6.50%
The operating return on assets (operating ROA) for Sun Country Airlines Holdings Inc has shown fluctuations over the years. As of December 31, 2021, the operating ROA was 8.11%, indicating that the company generated a return of 8.11% for each dollar of assets employed in its operations. However, by December 31, 2022, the operating ROA had decreased to 3.65%, suggesting a decline in the company's operational efficiency in utilizing its assets to generate profits.
Subsequently, by December 31, 2023, the operating ROA improved to 7.85%, indicating a recovery in asset utilization and a higher return generated from its operations. However, by December 31, 2024, the operating ROA decreased to 6.50%, showing a slight dip in the efficiency of asset utilization compared to the previous year.
Overall, the fluctuations in Sun Country Airlines Holdings Inc's operating ROA highlight the variability in the company's ability to generate returns from its assets over the specified period. Further analysis and comparison with industry benchmarks may provide insights into the company's operational performance and effectiveness in utilizing its assets.
Peer comparison
Dec 31, 2024