Sun Country Airlines Holdings Inc (SNCY)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 52,903 | 72,181 | 17,676 | 81,248 |
| Total assets | US$ in thousands | 1,630,180 | 1,623,630 | 1,524,410 | 1,380,420 |
| ROA | 3.25% | 4.45% | 1.16% | 5.89% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $52,903K ÷ $1,630,180K
= 3.25%
Based on the provided data for Sun Country Airlines Holdings Inc, the return on assets (ROA) has fluctuated over the years. The ROA was 5.89% as of December 31, 2021, indicating that for every dollar of assets the company had, it generated a return of 5.89 cents.
However, there was a significant decrease in ROA to 1.16% as of December 31, 2022, suggesting a decline in the company's efficiency in utilizing its assets to generate profits. The ROA then improved to 4.45% by December 31, 2023, indicating a recovery in asset profitability.
As of December 31, 2024, the ROA further decreased to 3.25%, reflecting a slight decline in the company's ability to generate earnings from its assets compared to the previous year. Overall, while there have been fluctuations in Sun Country Airlines Holdings Inc's ROA over the years, the company has shown some variability in effectively utilizing its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2024