Sun Country Airlines Holdings Inc (SNCY)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 570,373 552,546 546,851 541,006 514,403 519,361 540,765 521,007 492,712 508,005 495,888 497,069 490,589
ROE 9.28% 8.16% 9.21% 12.78% 14.03% 14.21% 14.22% 10.05% 3.59% 1.93% 2.52% 13.80% 16.66%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $52,903K ÷ $570,373K
= 9.28%

Sun Country Airlines Holdings Inc's return on equity (ROE) has shown variability over the period from December 31, 2021, to December 31, 2024. The ROE started at 16.66% in December 2021 and experienced fluctuations before settling at 9.28% by the end of December 2024.

The ROE declined significantly from the initial value of 16.66% to 1.93% by September 30, 2022, indicating a downturn in profitability relative to the shareholders' equity during that period. However, the company managed to improve its ROE gradually, reaching a peak of 14.22% by June 30, 2023, suggesting an enhanced return generated on shareholders' investments.

Subsequently, the ROE figures remained relatively stable around the 14% range from September 30, 2023, to March 31, 2024, indicating consistent profitability performance. However, there was a decline in the ROE to 8.16% by September 30, 2024, before modestly recovering to 9.28% by December 31, 2024.

Overall, the fluctuations in Sun Country Airlines Holdings Inc's ROE indicate changes in the company's ability to generate profit from the shareholders' equity over the analyzed period. The management may need to focus on sustaining or improving profitability to ensure a favorable return on shareholders' investments in the future.