Sun Country Airlines Holdings (Sun Country Airlines Holdings) ROCE % : 6.25% (As of Dec. 2023)

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What is Sun Country Airlines Holdings ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Sun Country Airlines Holdings's annualized ROCE % for the quarter that ended in Dec. 2023 was 6.25%.

Sun Country Airlines Holdings ROCE % Historical Data

The historical data trend for Sun Country Airlines Holdings's ROCE % 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 ROCE % Chart

Sun Country Airlines Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

11.82

2.39

13.34

4.90

11.63

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
ROCE %	Get a 7-Day Free Trial															5.93	19.74	12.32	6.92	6.25

Sun Country Airlines Holdings ROCE % Calculation

Sun Country Airlines Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	136.793	/	( ( (1524.412 - 377.128)	+	(1623.627 - 418.582) )	/ 2 )
	=	136.793	/	( (1147.284	+	1205.045)	/ 2 )
	=	136.793	/	1176.1645
	=	11.63 %

Sun Country Airlines Holdings's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	76.088	/	( ( (1601.068 - 370.875)	+	(1623.627 - 418.582) )	/ 2 )
	=	76.088	/	( ( 1230.193	+	1205.045 )	/ 2 )
	=	76.088	/	1217.619
	=	6.25 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Sun Country Airlines Holdings (NAS:SNCY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Sun Country Airlines Holdings ROCE % Related Terms

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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 » ROCE %

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