Sun Country Airlines Holdings Inc (SNCY)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 52,903 | 45,112 | 50,361 | 69,167 | 72,182 | 73,821 | 76,907 | 52,367 | 17,676 | 9,790 | 12,492 | 68,591 | 81,732 |
| Total assets | US$ in thousands | 1,630,180 | 1,609,860 | 1,603,890 | 1,639,080 | 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 |
| ROA | 3.25% | 2.80% | 3.14% | 4.22% | 4.45% | 4.61% | 4.70% | 3.31% | 1.16% | 0.64% | 0.83% | 4.83% | 5.92% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $52,903K ÷ $1,630,180K
= 3.25%
Sun Country Airlines Holdings Inc's return on assets (ROA) experienced fluctuations over the period from December 31, 2021, to December 31, 2024. The ROA started at 5.92% in December 2021 before declining to 0.83% in June 2022. This was followed by a gradual increase, reaching 4.70% in June 2023. The trend continued upwards, peaking at 4.61% in September 2023. However, the ROA slightly declined to 3.25% by December 31, 2024.
Overall, the ROA trend indicates some volatility but demonstrates a general improvement in the company's ability to generate profits relative to its total assets. It is important for stakeholders to monitor this ratio to assess the company's efficiency in utilizing its assets to generate earnings.
Peer comparison
Dec 31, 2024