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Spirit Airlines Inc's account receivable for the three months ended in Jun. 2014 was $37 Mil. Spirit Airlines Inc's revenue for the three months ended in Jun. 2014 was $499 Mil. Hence, Spirit Airlines Inc's days sales outstanding for the three months ended in Jun. 2014 was 6.83.
Spirit Airlines Inc's days sales outstanding declined from Jun. 2013 (7.33) to Jun. 2014 (6.83).
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. 2013 is calculated as
Spirit Airlines Inc's Days Sales Outstanding for the quarter that ended in Jun. 2014 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