Sprint (Sprint) Accounts Receivable : $4,283 Mil (As of Dec. 2019)

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What is Sprint Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Sprint's accounts receivables for the quarter that ended in Dec. 2019 was $4,283 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Sprint's Days Sales Outstanding for the quarter that ended in Dec. 2019 was 48.37.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Sprint's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-13.17.

Sprint Accounts Receivable Historical Data

The historical data trend for Sprint's Accounts Receivable 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.

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Sprint Accounts Receivable Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Accounts Receivable

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1,037.00

899.00

2,947.00

2,916.00

3,024.00

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Accounts Receivable	Get a 7-Day Free Trial															3,789.00	3,024.00	3,931.00	4,105.00	4,283.00

Sprint Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Sprint Accounts Receivable Explanation

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 receivables are being managed.

Sprint's Days Sales Outstanding for the quarter that ended in Dec. 2019 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	4283	/	8080	*	91
=	48.37

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Sprint's accounts receivable are only considered to be worth 75% of book value:

Sprint's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2019 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3241	+	0.75 * 4283	+	0.5 * 1117	-	61147
-	0	-	0)	/	4111
=	-13.17

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Sprint Accounts Receivable Related Terms

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Sprint (Sprint) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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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%.