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Spirit Airlines Inc's account receivable for the three months ended in Mar. 2016 was $32 Mil. Spirit Airlines Inc's revenue for the three months ended in Mar. 2016 was $538 Mil. Hence, Spirit Airlines Inc's days sales outstanding for the three months ended in Mar. 2016 was 5.51.
During the past 8 years, Spirit Airlines Inc's highest Days Sales Outstanding was 6.30. The lowest was 2.78. And the median was 4.62.
Spirit Airlines Inc's days sales outstanding increased from Mar. 2015 (5.20) to Mar. 2016 (5.51).
Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.
Account receivable can be measured by Days Sales Outstanding.
Spirit Airlines Inc's Days Sales Outstanding for the fiscal year that ended in Dec. 2015 is calculated as
Spirit Airlines Inc's Days Sales Outstanding for the quarter that ended in Mar. 2016 is calculated as:
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Spirit Airlines Inc Annual Data
Spirit Airlines Inc Quarterly Data