Sun Country Airlines Holdings Inc (SNCY)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 570,373 | 514,403 | 492,712 | 490,589 |
| ROE | 9.28% | 14.03% | 3.59% | 16.56% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $52,903K ÷ $570,373K
= 9.28%
Based on the data provided for Sun Country Airlines Holdings Inc, the return on equity (ROE) has shown some fluctuations over the years:
1. December 31, 2021: The ROE was reported at 16.56%, indicating that for every dollar of shareholders' equity, the company generated a return of 16.56%.
2. December 31, 2022: The ROE decreased significantly to 3.59%, reflecting a substantial decline in the company's profitability and efficiency in generating returns for shareholders.
3. December 31, 2023: The ROE saw an improvement, reaching 14.03%. This indicates that the company was able to enhance its efficiency in using shareholders' equity to generate profits.
4. December 31, 2024: The ROE dropped slightly to 9.28%, suggesting a decrease in the company's ability to generate profits from shareholders' equity compared to the previous year.
Overall, the trend in Sun Country Airlines Holdings Inc's ROE shows some volatility, with fluctuations in profitability and efficiency in utilizing shareholders' equity over the years. It would be important for the company to further analyze the factors contributing to these fluctuations and take appropriate measures to sustain or improve its return on equity in the future.
Peer comparison
Dec 31, 2024