Spirit Airlines's average Accounts Receivable for the
three
months ended in Dec. 2023 was $188 Mil. Spirit Airlines's Revenue for the
three
months ended in Dec. 2023 was $1,322 Mil.
Hence, Spirit Airlines's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 12.99.
The historical rank and industry rank for Spirit Airlines's Days Sales Outstanding or its related term are showing as below:
SAVE'
s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.34 Med: 6.02 Max: 13.71
Current: 12.88
During the past 13 years, Spirit Airlines's highest Days Sales Outstanding was 13.71. The lowest was 4.34. And the median was 6.02.
SAVE's Days Sales Outstanding is ranked better than 88.82% of 966
companies
in the Transportation industry
Industry Median: 45.73
vs SAVE: 12.88
Spirit Airlines's Days Sales Outstanding
increased
from Dec. 2022 (12.12) to Dec. 2023 (12.99).
Spirit Airlines Days Sales Outstanding Historical Data
The historical data trend for Spirit Airlines's Days Sales Outstanding 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.
Competitive Comparison of Spirit Airlines's Days Sales Outstanding
For the Airlines subindustry, Spirit Airlines's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Spirit Airlines's Days Sales Outstanding Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, Spirit Airlines's Days Sales Outstanding distribution charts can be found below:
* The bar in red indicates where Spirit Airlines's Days Sales Outstanding falls into.
Spirit Airlines Days Sales Outstanding Calculation
Days Sales Outstanding measures 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.
* 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.
Spirit Airlines (NYSE:SAVE) Days Sales Outstanding Explanation
For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.
Spirit Airlines Days Sales Outstanding Related Terms
Thank you for viewing the detailed overview of Spirit Airlines's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirit Airlines (Spirit Airlines) Business Description
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
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