Sun Country Airlines Holdings Inc (SNCY)

Return on assets (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
Net income (ttm)	US$ in thousands	72,182	73,821	76,907	52,367	17,676	9,790	12,492	68,591	81,732
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
ROA		4.45%	4.61%	4.70%	3.31%	1.16%	0.64%	0.83%	4.83%	5.92%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $72,182K ÷ $1,623,630K
= 4.45%

Sun Country Airlines Holdings Inc's return on assets (ROA) has shown fluctuations over the past eight quarters. The ROA has been improving steadily since Q1 2022, when it was 4.84%, reaching a high of 4.70% in Q2 2023. This indicates that the company is effectively utilizing its assets to generate profits. However, there was a slight dip in Q3 2023 to 4.61% and a further decrease to 4.45% in Q4 2023. Despite these decreases, the ROA remains relatively strong, reflecting the company's ability to generate income from its assets. Continued monitoring of the ROA will be essential to assess Sun Country Airlines' operational efficiency and profitability in the future.