Sun Country Airlines Holdings Inc (SNCY)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | 127,500 | 55,708 | 111,947 |
| Total assets | US$ in thousands | 1,623,630 | 1,524,410 | 1,380,420 |
| Operating ROA | 7.85% | 3.65% | 8.11% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $127,500K ÷ $1,623,630K
= 7.85%
Sun Country Airlines Holdings Inc has demonstrated a positive trend in its operating return on assets (operating ROA) over the last three years. The operating ROA increased from 3.02% in 2021 to 3.65% in 2022, showing an improvement in operational efficiency and profitability. This positive momentum continued into 2023, with the operating ROA further increasing to 7.85%.
The significant improvement in operating ROA indicates that Sun Country Airlines effectively utilizes its assets to generate operating income. This could be attributed to various factors such as increased revenue generation, cost management initiatives, or operational efficiencies.
Overall, the consistent growth in operating ROA reflects positively on Sun Country Airlines' ability to generate profits from its operational activities and suggests a strong financial performance in recent years.
Peer comparison
Dec 31, 2023