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Sun Country Airlines Holdings (Sun Country Airlines Holdings) EBIT : $136 Mil (TTM As of Mar. 2024)


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What is Sun Country Airlines Holdings EBIT?

Sun Country Airlines Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $58 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $136 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Sun Country Airlines Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 10.07%. Sun Country Airlines Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 22.66%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Sun Country Airlines Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 12.30%.


Sun Country Airlines Holdings EBIT Historical Data

The historical data trend for Sun Country Airlines Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sun Country Airlines Holdings EBIT Chart

Sun Country Airlines Holdings Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
77.33 17.39 126.66 55.00 136.79

Sun Country Airlines Holdings Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.31 37.99 21.47 19.02 57.67

Competitive Comparison of Sun Country Airlines Holdings's EBIT

For the Airlines subindustry, Sun Country Airlines Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sun Country Airlines Holdings's EV-to-EBIT Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sun Country Airlines Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sun Country Airlines Holdings's EV-to-EBIT falls into.



Sun Country Airlines Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $136 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sun Country Airlines Holdings  (NAS:SNCY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Sun Country Airlines Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=220.704 * ( 1 - 24.15% )/( (1657.195 + 1668.891)/ 2 )
=167.403984/1663.043
=10.07 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1623.627 - 113.663 - ( 187.406 - max(0, 418.582 - 271.351+187.406))
=1657.195

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1639.079 - 118.786 - ( 161.206 - max(0, 383.567 - 234.969+161.206))
=1668.891

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Sun Country Airlines Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=230.68/( ( (993.462 + max(-213.485, 0)) + (1042.143 + max(-188.09, 0)) )/ 2 )
=230.68/( ( 993.462 + 1042.143 )/ 2 )
=230.68/1017.8025
=22.66 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(38.166 + 7.793 + 37.986) - (113.663 + 0 + 183.767)
=-213.485

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(37.525 + 8.583 + 27.655) - (118.786 + 0 + 143.067)
=-188.09

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Sun Country Airlines Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=136.152/1107.015
=12.30 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Sun Country Airlines Holdings EBIT Related Terms

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Sun Country Airlines Holdings (Sun Country Airlines Holdings) Business Description

Traded in Other Exchanges
N/A
Address
2005 Cargo Road, Minneapolis, MN, USA, 55450
Sun Country Airlines Holdings Inc operates low-cost air carriers. The business has two operating segments: Passenger and Cargo. The passenger segment has two internal passenger groups Scheduled service and Charter. The Cargo segment provides air cargo services. The majority of the revenue is from the passenger segment.
Executives
Sca Horus Holdings, Llc director, 10 percent owner C/O SCA HORUS HOLDINGS, LLC, 9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Erin Rose Neale officer: General Counsel and Secretary 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Grant Whitney officer: Chief Revenue Officer & EVP 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jude Bricker director, officer: Chief Executive Officer 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV 89144
Gregory A. Mays officer: Chief Operating Officer & EVP 2005 CARGO ROAD, MINNEAPOLIS MN 55450
John Gyurci officer: Chief Acct. Off. & VP, Finance 2005 CARGO ROAD, MINNEAPOLIS MN 55450
David M Davis director, officer: President & CFO
William Trousdale officer: VP-Fin. Plan. & Anlys & Treas. 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Eric Levenhagen officer: Chief Admin. Off., GC & Sec. 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Brian Edward Davis officer: Chief Marketing Officer & SVP 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Jennifer L Vogel director C/O AAR CORP., 1100 N. WOOD DALE ROAD, WOOD DALE IL 60191
Gail Peterson director 1 ECOLAB PLACE, SAINT PAUL MN 55102
Jeffrey Mader officer: Chief Information Off. & EVP 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Patrick J. O'keeffe director 2005 CARGO ROAD, MINNEAPOLIS MN 55450
Marion C Blakey director C/O ALASKA AIR GROUP, INC., 19300 INTERNATIONAL BLVD, SEATTLE WA 98188