What is Sun Country Airlines Holdings Inventory-to-Revenue?
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sun Country Airlines Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $8 Mil. Sun Country Airlines Holdings's Revenue for the
three
months ended in Mar. 2024 was $311 Mil.
Sun Country Airlines Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.
Sun Country Airlines Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024
declined
from Dec. 2023 (0.03) to Dec. 2023 (0.03)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sun Country Airlines Holdings's Days Inventory for the
three
months ended in Mar. 2024 was 3.44.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sun Country Airlines Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 26.51.
Sun Country Airlines Holdings Inventory-to-Revenue Historical Data
* 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.
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Sun Country Airlines Holdings Inventory-to-Revenue Chart
Competitive Comparison of Sun Country Airlines Holdings's Inventory-to-Revenue
For the Airlines subindustry, Sun Country Airlines Holdings's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Sun Country Airlines Holdings's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Sun Country Airlines Holdings's Inventory-to-Revenue falls into.
Sun Country Airlines Holdings Inventory-to-Revenue Calculation
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
* 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) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sun Country Airlines Holdings's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
* 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 Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Sun Country Airlines Holdings's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Country Airlines Holdings (Sun Country Airlines Holdings) Business Description
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.
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