0(0%) Volume: 775,778 3:15AM EST| Market Cap : 2.63 B | Enterprise Value : 4.79 B | P/E (TTM) : 7.60 | P/B : 1.24 |
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Spirit Airlines's change in receivables for the quarter that ended in Sep. 2019 was $-15 Mil. It means Spirit Airlines's Accounts Receivable declined by $15 Mil from Jun. 2019 to Sep. 2019 .
Spirit Airlines's change in receivables for the fiscal year that ended in Dec. 2018 was $72 Mil. It means Spirit Airlines's Accounts Receivable increased by $72 Mil from Dec. 2017 to Dec. 2018 .
Spirit Airlines's Accounts Receivable for the quarter that ended in Sep. 2019 was $71 Mil.
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 Receivable are being managed. Spirit Airlines's Days Sales Outstanding for the three months ended in Sep. 2019 was 6.57.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Spirit Airlines's liquidation value for the three months ended in Sep. 2019 was $-3,301 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
| Spirit Airlines Quarterly Data | ||||||||||||||||||||
| Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | |
| Change In Receivables |
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-12.81 | 94.37 | -23.29 | -7.18 | -14.94 |
Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.
Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2019 was 94.371 (Dec. 2018 ) + -23.285 (Mar. 2019 ) + -7.18 (Jun. 2019 ) + -14.94 (Sep. 2019 ) = $49 Mil.
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. 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 Receivable are being managed.
Spirit Airlines's Days Sales Outstanding for the quarter that ended in Sep. 2019 is calculated as:
| Days Sales Outstanding | |||||
| = | Accounts Receivable | / | Revenue | * | Days in Period |
| = | 71.372 | / | 991.968 | * | 91 |
| = | 6.57 |
2. In Ben Graham's calculation of liquidation value, Spirit Airlines's accounts receivable are only considered to be worth 75% of book value:
Spirit Airlines's liquidation value for the quarter that ended in Sep. 2019 is calculated as:
| Liquidation Value | |||||||
| = | Cash, Cash Equivalents, Marketable Securities | - | Total Liabilities | + | (0.75 * Accounts Receivable) | + | (0.5 * Total Inventories) |
| = | 1040.47 | - | 4395.127 | + | 0.75 * 71.372 | + | 0.5 * 0 |
| = | -3,301 |
* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.
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