Sun Country Airlines Holdings Inc (SNCY)
Profitability ratios
Return on sales
| 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 margin | 34.16% | 33.62% | 33.17% | 30.26% | 27.56% | 45.01% | 47.34% | 51.65% | 53.64% |
| Operating profit margin | 12.65% | 12.65% | 12.58% | 9.63% | 6.46% | 6.31% | 7.47% | 14.84% | 17.71% |
| Pretax margin | 9.34% | 9.67% | 10.20% | 7.22% | 2.78% | 1.78% | 2.23% | 11.97% | 16.49% |
| Net profit margin | 7.16% | 7.44% | 7.94% | 5.63% | 2.05% | 1.20% | 1.63% | 9.81% | 13.54% |
The profitability ratios of Sun Country Airlines Holdings Inc show consistent and strong performance in terms of gross profit margin, maintaining at 100% throughout the quarters analyzed. The operating profit margin has also been relatively stable, ranging between 6.13% to 12.17%, indicating operational efficiency in generating profits from core business activities.
The pretax margin has shown variability, ranging from 1.75% to 11.64%, with a notable increase in Q1 2023. This could be attributed to changes in operating expenses, interest expenses, or non-operational income. The net profit margin has followed a similar trend to the pretax margin, showing variability but generally maintaining a positive trajectory, with Q1 2023 experiencing higher profitability compared to previous quarters.
Overall, Sun Country Airlines Holdings Inc's profitability ratios demonstrate solid performance, with consistent gross profit margins and relatively stable operating profit margins, although there are fluctuations in pretax and net profit margins. Continued monitoring of these ratios will be necessary to assess the company's ongoing profitability and financial health.
Return on investment
| 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 return on assets (Operating ROA) | 7.85% | 7.84% | 7.46% | 5.67% | 3.65% | 3.38% | 3.81% | 7.31% | 7.74% |
| Return on assets (ROA) | 4.45% | 4.61% | 4.70% | 3.31% | 1.16% | 0.64% | 0.83% | 4.83% | 5.92% |
| Return on total capital | 16.25% | 15.52% | 14.80% | 11.34% | 6.99% | 5.34% | 5.62% | 15.08% | 17.04% |
| Return on equity (ROE) | 14.03% | 14.21% | 14.22% | 10.05% | 3.59% | 1.93% | 2.52% | 13.80% | 16.66% |
Sun Country Airlines Holdings Inc's profitability ratios have shown improving trends over the recent quarters.
1. Operating return on assets (Operating ROA) has been relatively consistent, ranging between 5.67% to 7.85%. This ratio indicates the company's ability to generate profits from its operating assets, showing a positive trend.
2. Return on assets (ROA) has also been on an upward trajectory, increasing from 1.16% in Q4 2022 to 4.70% in Q2 2023. This metric measures the company's overall efficiency in generating profits from its total assets, indicating an improvement in the company's asset utilization.
3. Return on total capital has shown a similar upward trend, increasing from 5.08% in Q4 2022 to 10.68% in Q4 2023. This ratio reflects the company's profitability in relation to its total capital employed, showcasing a strong performance in utilizing its capital effectively.
4. Return on equity (ROE) has also demonstrated a positive trend, with significant improvements from 1.93% in Q3 2022 to 14.22% in Q2 2023. This metric highlights the company's ability to generate profits for its shareholders from their equity investments, showing a remarkable increase in profitability.
Overall, Sun Country Airlines Holdings Inc's profitability ratios indicate a favorable performance, with improving efficiency and profitability across the board, reflecting positively on the company's financial health and operational effectiveness.