What is Sun Country Airlines Holdings Receivables Turnover?
The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Sun Country Airlines Holdings's Revenue for the
three
months ended in Mar. 2024 was $311 Mil. Sun Country Airlines Holdings's average Accounts Receivable for the
three
months ended in Mar. 2024 was $38 Mil.
Hence, Sun Country Airlines Holdings's Receivables Turnover for the
three
months ended in Mar. 2024 was 8.23.
Sun Country Airlines Holdings Receivables Turnover 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 Receivables Turnover Chart
Competitive Comparison of Sun Country Airlines Holdings's Receivables Turnover
For the Airlines subindustry, Sun Country Airlines Holdings's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Sun Country Airlines Holdings's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Sun Country Airlines Holdings's Receivables Turnover falls into.
Sun Country Airlines Holdings Receivables Turnover Calculation
Receivables Turnover measures the number of times a company collects its average accounts receivable balance.
* 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) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Sun Country Airlines Holdings Receivables Turnover Related Terms
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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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