Sprint (Sprint) Inventory Turnover : 3.43 (As of Dec. 2019)

View and export this data going back to 1945. Start your Free Trial

What is Sprint Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Sprint's Cost of Goods Sold for the three months ended in Dec. 2019 was $3,565 Mil. Sprint's Average Total Inventories for the quarter that ended in Dec. 2019 was $1,040 Mil. Sprint's Inventory Turnover for the quarter that ended in Dec. 2019 was 3.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sprint's Days Inventory for the three months ended in Dec. 2019 was 26.62.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Sprint's Inventory-to-Revenue for the quarter that ended in Dec. 2019 was 0.13.

Sprint Inventory Turnover Historical Data

The historical data trend for Sprint's Inventory Turnover 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.

* Premium members only.

Sprint Inventory Turnover Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Inventory Turnover

Get a 7-Day Free Trial

14.80

12.29

13.79

12.97

13.38

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Inventory Turnover	Get a 7-Day Free Trial															4.01	3.54	3.80	4.00	3.43

Sprint Inventory Turnover Calculation

Sprint's Inventory Turnover for the fiscal year that ended in Mar. 2019 is calculated as

	Inventory Turnover (A: Mar. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2019 )	/ (	(Total Inventories (A: Mar. 2018 )	+	Total Inventories (A: Mar. 2019 ))	/	count )
=	13389	/ (	(1003	+	999)	/	2 )
=	13389	/	1001
=	13.38

Sprint's Inventory Turnover for the quarter that ended in Dec. 2019 is calculated as

	Inventory Turnover (Q: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2019 )	/ (	(Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Dec. 2019 ))	/	count )
=	3565	/ (	(963	+	1117)	/	2 )
=	3565	/	1040
=	3.43

Sprint (NYSE:S) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Sprint's Days Inventory for the three months ended in Dec. 2019 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2019 )	/	Cost of Goods Sold (Q: Dec. 2019 )	*	Days in Period
	=	1040	/	3565	*	365 / 4
	=	26.62

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Sprint's Inventory to Revenue for the quarter that ended in Dec. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2019 )	/	Revenue (Q: Dec. 2019 )
	=	1040	/	8080
	=	0.13

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Sprint Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Sprint's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Sprint (Sprint) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Sprint Corp (NYSE:S) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

6200 Sprint Parkway, Overland Park, KS, USA, 66251

Website

https://www.sprint.com

A decade of operational problems has considerably diminished Sprint's position in the wireless industry. It is now the fourth- largest carrier in the United States, serving 26 million postpaid and 9 million prepaid phone customers directly and 13 million via wholesale channels. Over the past five years, the firm's share of the postpaid phone market has declined about 1 percentage point to 12%, leaving it about three fourths the size of T-Mobile U.S., the next smallest carrier. About 4% of sales come from the wireline unit, which provides phone and data services to the wireless unit and external customers. Japanese firm Softbank took a 78% stake in Sprint through the purchase of existing Sprint shares and a $5 billion equity infusion in 2013; it has since increased its stake to 85%.