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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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.
Peer comparison
Dec 31, 2023