Sun Country Airlines Holdings (FRA:6X2) COGS-to-Revenue : 0.70 (As of Mar. 2024)

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What is Sun Country Airlines Holdings COGS-to-Revenue?

Sun Country Airlines Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €199.7 Mil. Its Revenue for the three months ended in Mar. 2024 was €286.6 Mil.

Sun Country Airlines Holdings's COGS to Revenue for the three months ended in Mar. 2024 was 0.70.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Sun Country Airlines Holdings's Gross Margin % for the three months ended in Mar. 2024 was 30.32%.

Sun Country Airlines Holdings COGS-to-Revenue Historical Data

The historical data trend for Sun Country Airlines Holdings's COGS-to-Revenue 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.

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Sun Country Airlines Holdings COGS-to-Revenue Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.73

0.95

0.79

0.80

0.74

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
COGS-to-Revenue	Get a 7-Day Free Trial															0.69	0.73	0.78	0.79	0.70

Sun Country Airlines Holdings COGS-to-Revenue Calculation

Sun Country Airlines Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	715.673	/	962.502
	=	0.74

Sun Country Airlines Holdings's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	199.687	/	286.564
	=	0.70

Sun Country Airlines Holdings (FRA:6X2) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Sun Country Airlines Holdings's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	199.687 / 286.564
	=	30.32 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Sun Country Airlines Holdings COGS-to-Revenue Related Terms

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Sun Country Airlines Holdings (FRA:6X2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (FRA:6X2) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

SNCY:USA

Address

2005 Cargo Road, Minneapolis, MN, USA, 55450

Website

https://www.suncountry.com

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.

Sun Country Airlines Holdings (FRA:6X2) Headlines

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