Sun Country Airlines Holdings Inc (SNCY)

Operating return on assets (Operating ROA)

		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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Operating income (ttm)	US$ in thousands	127,501	125,492	121,877	89,659	55,709	51,460	57,390	103,810	106,910
Total assets	US$ in thousands	1,623,630	1,601,070	1,634,620	1,581,730	1,524,410	1,521,440	1,506,740	1,419,590	1,380,420	1,342,310	1,309,960	1,244,200
Operating ROA		7.85%	7.84%	7.46%	5.67%	3.65%	3.38%	3.81%	7.31%	7.74%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $127,501K ÷ $1,623,630K
= 7.85%

The operating return on assets (operating ROA) for Sun Country Airlines Holdings Inc has been relatively stable over the past eight quarters, ranging from 3.38% to 7.85%. The company's operating performance has shown a positive trend, with a notable increase in Q4 2023 compared to the previous quarter. This improvement suggests that the company is effectively utilizing its assets to generate operating income. Overall, the operating ROA indicates that Sun Country Airlines Holdings Inc is efficiently managing its assets to generate profits from its core business operations.