Sun Inventory vs Accounts Payable Analysis
| SNCY Stock | USD 11.48 0.14 1.23% |
Sun Country financial indicator trend analysis is much more than just breaking down Sun Country Airlines prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Sun Country Airlines is a good investment. Please check the relationship between Sun Country Inventory and its Accounts Payable accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Country Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators.
Inventory vs Accounts Payable
Inventory vs Accounts Payable Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Sun Country Airlines Inventory account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Sun Country's Inventory and Accounts Payable is 0.97. Overlapping area represents the amount of variation of Inventory that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Sun Country Airlines, assuming nothing else is changed. The correlation between historical values of Sun Country's Inventory and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory of Sun Country Airlines are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Inventory i.e., Sun Country's Inventory and Accounts Payable go up and down completely randomly.
Correlation Coefficient | 0.97 |
| Relationship Direction | Positive |
| Relationship Strength | Very Strong |
Inventory
Accounts Payable
An accounting item on the balance sheet that represents Sun Country obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Sun Country Airlines are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Most indicators from Sun Country's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Sun Country Airlines current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Country Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Enterprise Value is likely to rise to about 2.1 B in 2024, whereas Tax Provision is likely to drop slightly above 13.1 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Depreciation And Amortization | 55.0M | 67.6M | 89.5M | 64.9M | Interest Income | 85K | 4.5M | 10.1M | 10.6M |
Sun Country fundamental ratios Correlations
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Sun Country Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Sun Country fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Other Current Liab | 56.9M | 46.6M | 65.0M | 232.9M | 187.0M | 136.3M | |
| Total Current Liabilities | 353.6M | 253.7M | 281.7M | 377.1M | 418.6M | 349.7M | |
| Other Liab | 50.0M | 50.9M | 120.8K | 106.7M | 122.8M | 63.7M | |
| Net Tangible Assets | (35.6M) | (31.5M) | 486.8K | 492.7M | 566.6M | 594.9M | |
| Retained Earnings | 42.2M | 38.3M | 594K | 22.0M | 94.2M | 98.9M | |
| Accounts Payable | 43.9M | 34.0M | 39.8M | 62.4M | 59.0M | 49.1M | |
| Other Assets | 83.8M | 75.4M | 427.6K | (100K) | (90K) | (85.5K) | |
| Net Receivables | 22.4M | 28.7M | 30.2M | 35.1M | 38.2M | 30.4M | |
| Inventory | 5.3M | 5.4M | 5.4M | 7.7M | 7.8M | 6.7M | |
| Other Current Assets | 2.8M | 5.6M | 66.1M | 253.4M | 3.7M | 3.5M | |
| Other Stockholder Equity | 2.4M | 6.3M | 485.6M | 470.9M | 419.6M | 253.2M | |
| Total Current Assets | 112.5M | 126.7M | 375.4M | 345.5M | 271.4M | 240.7M | |
| Property Plant Equipment | 492.2M | 535.8M | 573.6K | 700.4M | 805.5M | 422.3M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Sun Country in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Sun Country's short interest history, or implied volatility extrapolated from Sun Country options trading.
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When determining whether Sun Country Airlines offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Sun Country's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Sun Country Airlines Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Sun Country Airlines Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sun Country Airlines. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the Sun Country Airlines information on this page should be used as a complementary analysis to other Sun Country's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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When running Sun Country's price analysis, check to measure Sun Country's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sun Country is operating at the current time. Most of Sun Country's value examination focuses on studying past and present price action to predict the probability of Sun Country's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sun Country's price. Additionally, you may evaluate how the addition of Sun Country to your portfolios can decrease your overall portfolio volatility.
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Is Sun Country's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Sun Country. If investors know Sun will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Sun Country listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share 1.23 | Revenue Per Share 19.539 | Quarterly Revenue Growth 0.059 | Return On Assets 0.0493 | Return On Equity 0.1303 |
The market value of Sun Country Airlines is measured differently than its book value, which is the value of Sun that is recorded on the company's balance sheet. Investors also form their own opinion of Sun Country's value that differs from its market value or its book value, called intrinsic value, which is Sun Country's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Sun Country's market value can be influenced by many factors that don't directly affect Sun Country's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Sun Country's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sun Country is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sun Country's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.