Sprint (Sprint) Receivables Turnover : 1.93 (As of Dec. 2019)

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What is Sprint Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Sprint's Revenue for the three months ended in Dec. 2019 was $8,080 Mil. Sprint's average Accounts Receivable for the three months ended in Dec. 2019 was $4,194 Mil. Hence, Sprint's Receivables Turnover for the three months ended in Dec. 2019 was 1.93.

Sprint Receivables Turnover Historical Data

The historical data trend for Sprint's Receivables 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.

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Sprint Receivables Turnover Chart

Sprint Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Mar15

Mar16

Mar17

Mar18

Mar19

Receivables Turnover

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15.57

33.24

17.34

11.05

11.31

Sprint Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Receivables Turnover	Get a 7-Day Free Trial															2.24	2.48	2.34	1.94	1.93

Competitive Comparison of Sprint's Receivables Turnover

For the Telecom Services subindustry, Sprint's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.

Sprint's Receivables Turnover Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Sprint's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Sprint's Receivables Turnover falls into.

Sprint Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Mar. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2019 )	/ (	(Accounts Receivable (A: Mar. 2018 )	+	Accounts Receivable (A: Mar. 2019 ))	/	count )
=	33600	/ (	(2916	+	3024)	/	2 )
=	33600	/	2970
=	11.31

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

	Receivables Turnover (Q: Dec. 2019 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2019 )	/ (	(Accounts Receivable (Q: Sep. 2019 )	+	Accounts Receivable (Q: Dec. 2019 ))	/	count )
=	8080	/ (	(4105	+	4283)	/	2 )
=	8080	/	4194
=	1.93

Sprint (NYSE:S) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Sprint Receivables Turnover Related Terms

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Sprint (Sprint) Business Description

Industry

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

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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%.