GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Spirit Airlines Inc (OTCPK:SAVEQ) » Definitions » Days Sales Outstanding

SAVEQ (Spirit Airlines) Days Sales Outstanding : 15.95 (As of Dec. 2024)


View and export this data going back to 2011. Start your Free Trial

What is Spirit Airlines Days Sales Outstanding?

Spirit Airlines's average Accounts Receivable for the three months ended in Dec. 2024 was $205 Mil. Spirit Airlines's Revenue for the three months ended in Dec. 2024 was $1,170 Mil. Hence, Spirit Airlines's Days Sales Outstanding for the three months ended in Dec. 2024 was 15.95.

The historical rank and industry rank for Spirit Airlines's Days Sales Outstanding or its related term are showing as below:

SAVEQ' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.34   Med: 7.97   Max: 15.51
Current: 15.51

During the past 13 years, Spirit Airlines's highest Days Sales Outstanding was 15.51. The lowest was 4.34. And the median was 7.97.

SAVEQ's Days Sales Outstanding is ranked better than
86.49% of 970 companies
in the Transportation industry
Industry Median: 45.365 vs SAVEQ: 15.51

Spirit Airlines's Days Sales Outstanding increased from Dec. 2023 (12.99) to Dec. 2024 (15.95).


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.

* Premium members only.

Spirit Airlines Days Sales Outstanding Chart

Spirit Airlines Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.77 9.70 11.74 13.71 14.28

Spirit Airlines Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.99 15.07 15.29 17.03 15.95

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.

Accounts Receivable can be measured by Days Sales Outstanding.

Spirit Airlines's Days Sales Outstanding for the fiscal year that ended in Dec. 2024 is calculated as

Days Sales Outstanding (A: Dec. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Dec. 2023 ) + Accounts Receivable (A: Dec. 2024 )) / count ) / Revenue (A: Dec. 2024 )*Days in Period
=( (205.468 + 178.955) / 2 ) / 4913.421*365
=192.2115 / 4913.421*365
=14.28

Spirit Airlines's Days Sales Outstanding for the quarter that ended in Dec. 2024 is calculated as:

Days Sales Outstanding (Q: Dec. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Sep. 2024 ) + Accounts Receivable (A: Dec. 2024 )) / count ) / Revenue (A: Dec. 2024 )*Days in Period
=( (230.079 + 178.955) / 2 ) / 1169.891*365 / 4
=204.517 / 1169.891*365 / 4
=15.95

* 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  (OTCPK:SAVEQ) 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 Business Description

Traded in Other Exchanges
Address
1731 Radiant Drive, Dania Beach, FL, USA, 33004
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It 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.
Executives
Mark B Dunkerley director
Brian J. Mcmenamy officer: VP & Controller C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
H. Mcintyre Gardner director C/O SPIRIT AIRLINES, 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Melinda C Grindle officer: SVP & CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christine P Richards director 942 SOUTH SHADY GROVE ROAD, MEMPHIS TN 38120
John A. Bendoraitis officer: EVP and COO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Barclay G Jones director 50 ROCKEFELLER PLZ, 2ND FLOOR, NEW YORK NY 10020
Rocky Wiggins officer: SVP and CIO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Thomas C Canfield officer: SVP, GC & Secretary C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Christie Edward M Iii officer: Chief Financial Officer S/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Myrna Soto director ONE ENERGY PLAZA, JACKSON MI 49201
Robert D Johnson director HONEYWELL, 1944 E SKY HARBOR CIRCLE, PHOENIX AZ 85034
Laurie Villa officer: SVP and CHRO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Kevin Blake Vanier officer: VP of FP & A C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025
Matthew H Klein officer: SVP and CCO C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025