Sun Country Airlines Holdings (Sun Country Airlines Holdings) Days Inventory : 3.63 (As of Dec. 2023)

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What is Sun Country Airlines Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sun Country Airlines Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $8 Mil. Sun Country Airlines Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $194 Mil. Hence, Sun Country Airlines Holdings's Days Inventory for the three months ended in Dec. 2023 was 3.63.

The historical rank and industry rank for Sun Country Airlines Holdings's Days Inventory or its related term are showing as below:

SNCY' s Days Inventory Range Over the Past 10 Years
Min: 3.33 Med: 3.75 Max: 5.08
Current: 3.46

During the past 5 years, Sun Country Airlines Holdings's highest Days Inventory was 5.08. The lowest was 3.33. And the median was 3.75.

SNCY's Days Inventory is ranked better than
76.89% of 779 companies
in the Transportation industry
Industry Median: 11.4 vs SNCY: 3.46

Sun Country Airlines Holdings's Days Inventory declined from Dec. 2022 (3.75) to Dec. 2023 (3.63).

Inventory Turnover measures how fast the company turns over its inventory within a year. Sun Country Airlines Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 25.13.

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 Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Sun Country Airlines Holdings Days Inventory Historical Data

The historical data trend for Sun Country Airlines Holdings's Days Inventory 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 Days Inventory Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

3.75

5.08

4.03

3.33

3.61

Sun Country Airlines Holdings Quarterly Data
	Mar18	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															3.75	3.22	3.37	3.52	3.63

Competitive Comparison of Sun Country Airlines Holdings's Days Inventory

For the Airlines subindustry, Sun Country Airlines Holdings's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Sun Country Airlines Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Sun Country Airlines Holdings's Days Inventory falls into.

Sun Country Airlines Holdings Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7.659	+	7.793)	/	2 )	/	780.45	*	365
=	7.726					/	780.45	*	365
=	3.61

Sun Country Airlines Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.678	+	7.793)	/	2 )	/	194.416	*	365 / 4
=	7.7355					/	194.416	*	365 / 4
=	3.63

Sun Country Airlines Holdings (NAS:SNCY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sun Country Airlines Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	194.416	/	7.7355
	=	25.13

2. 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 Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.7355	/	245.543
	=	0.03

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sun Country Airlines Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of Sun Country Airlines Holdings's Days Inventory 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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sun Country Airlines Holdings Inc (NAS:SNCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

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.

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