Sun Country Airlines Holdings Inc (SNCY)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 110,276 103,235 112,324 136,152 136,794 135,170 134,122 98,332 55,001 44,478 45,860 111,513 125,837
Long-term debt US$ in thousands 239,543 275,864 289,589 313,733 327,468 351,766 365,211 346,065 294,687 324,662 319,733 242,544 248,014
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
Return on total capital 13.62% 12.46% 13.43% 15.93% 16.25% 15.52% 14.80% 11.34% 6.99% 5.34% 5.62% 15.08% 17.04%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $110,276K ÷ ($239,543K + $570,373K)
= 13.62%

Sun Country Airlines Holdings Inc's return on total capital has shown some fluctuations over the past few years. As of December 31, 2021, the return on total capital was 17.04%, indicating a strong performance in utilizing its total capital to generate profits. However, there was a decrease in the return on total capital by March 31, 2022, to 15.08%.

Subsequently, there was a significant drop in the return on total capital by June 30, 2022, which stood at 5.62%, suggesting a decrease in the efficiency of the company in generating returns from its total capital. This trend continued with a slight decrease to 5.34% by September 30, 2022.

From December 31, 2022, to December 31, 2023, there was an improvement in the return on total capital, reaching 16.25% by the end of December 31, 2023. The company continued to demonstrate better efficiency in generating returns from its total capital with a slight increase to 16.93% as of March 31, 2024.

Overall, the return on total capital for Sun Country Airlines Holdings Inc has shown variability but generally demonstrates the company's ability to effectively utilize its total capital to generate profits, with some fluctuations in performance over the analyzed period.