Sun Country Airlines Holdings Inc (SNCY)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	514,403	519,361	540,765	521,007	492,712	508,005	495,888	497,069	490,589	487,142	469,019	414,322
ROE		14.03%	14.21%	14.22%	10.05%	3.59%	1.93%	2.52%	13.80%	16.66%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $72,182K ÷ $514,403K
= 14.03%

Sun Country Airlines Holdings Inc has shown a consistent improvement in its return on equity (ROE) over the past year. The ROE increased steadily from 3.59% in Q4 2022 to 14.03% in Q4 2023, indicating a strong performance in utilizing shareholders' equity to generate profits. Despite a slight dip in Q1 2023, the ROE remained above 10% in the subsequent quarters, which is generally considered healthy for the airline industry. The consistent upward trend suggests effective management of assets and capital structure, which could be contributing to the company's profitability and shareholder value.