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Spirit Airlines (STU:S64) Gross-Profit-to-Asset % : -0.97% (As of Sep. 2024)


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What is Spirit Airlines Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Spirit Airlines's annualized Gross Profit for the quarter that ended in Sep. 2024 was €-84 Mil. Spirit Airlines's average Total Assets over the quarter that ended in Sep. 2024 was €8,717 Mil. Therefore, Spirit Airlines's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was -0.97%.


Spirit Airlines Gross-Profit-to-Asset % Historical Data

The historical data trend for Spirit Airlines's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Spirit Airlines Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.26 -4.57 2.84 8.80 6.26

Spirit Airlines Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % 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 2.36 3.38 2.94 3.24 -0.97

Competitive Comparison of Spirit Airlines's Gross-Profit-to-Asset %

For the Airlines subindustry, Spirit Airlines's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Spirit Airlines's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Spirit Airlines's Gross-Profit-to-Asset % falls into.



Spirit Airlines Gross-Profit-to-Asset % Calculation

Spirit Airlines's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=541.827/( (8670.427+8635.606)/ 2 )
=541.827/8653.0165
=6.26 %

Spirit Airlines's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=-84.228/( (8880.735+8553.237)/ 2 )
=-84.228/8716.986
=-0.97 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Spirit Airlines Gross-Profit-to-Asset % Related Terms

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Spirit Airlines Business Description

Traded in Other Exchanges
Address
2800 Executive Way, Miramar, FL, USA, 33025
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.

Spirit Airlines Headlines

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