Sprint (Sprint) Total Inventories : $1,117 Mil (As of Dec. 2019)

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What is Sprint Total Inventories?

Sprint's total inventories for the quarter that ended in Dec. 2019 was $1,117 Mil. Sprint's average total inventories from the quarter that ended in Sep. 2019 to the quarter that ended in Dec. 2019 was $1,040 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Sprint's Net-Net Working Capital per share for the quarter that ended in Dec. 2019 was $-13.17.

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 Turnover measures how fast the company turns over its inventory within a year. Sprint's Inventory Turnover for the quarter that ended in Dec. 2019 was 3.43.

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 Total Inventories Historical Data

The historical data trend for Sprint's Total Inventories 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 Total Inventories Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Total Inventories

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1,359.00

1,173.00

1,064.00

1,003.00

999.00

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Total Inventories	Get a 7-Day Free Trial															919.00	999.00	726.00	963.00	1,117.00

Sprint Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Sprint (NYSE:S) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

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

	Net-Net Working Capital Per Share (Q: Dec. 2019 )
=	(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

2. 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

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2019 )	/	Average Total Inventories (Q: Dec. 2019 )
	=	3565	/	1040
	=	3.43

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Sprint Total Inventories Related Terms

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Sprint (Sprint) Business Description

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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%.