Spirit Inventory from 2010 to 2024

SAVE Stock  USD 3.74  0.04  1.06%   
Spirit Airlines' Inventory is increasing over the years with stable fluctuation. Overall, Inventory is expected to go to about 112.8 M this year. During the period from 2010 to 2024 Spirit Airlines Inventory annual values regression line had geometric mean of 0.00 and mean square error of 4868.7 T. View All Fundamentals
 
Inventory  
First Reported
2009-12-31
Previous Quarter
119.4 M
Current Value
133.6 M
Quarterly Volatility
56.2 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Spirit Airlines financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Spirit main balance sheet or income statement drivers, such as Depreciation And Amortization of 336.9 M, Interest Expense of 128.6 M or Selling General Administrative of 164.2 M, as well as many exotic indicators such as Price To Sales Ratio of 0.32, Dividend Yield of 0.0 or PTB Ratio of 1.16. Spirit financial statements analysis is a perfect complement when working with Spirit Airlines Valuation or Volatility modules.
  
This module can also supplement Spirit Airlines' financial leverage analysis and stock options assessment as well as various Spirit Airlines Technical models . Check out the analysis of Spirit Airlines Correlation against competitors.
For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.

Latest Spirit Airlines' Inventory Growth Pattern

Below is the plot of the Inventory of Spirit Airlines over the last few years. It is Spirit Airlines' Inventory historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Spirit Airlines' overall financial position and show how it may be relating to other accounts over time.
Inventory10 Years Trend
Pretty Stable
   Inventory   
       Timeline  

Spirit Inventory Regression Statistics

Arithmetic Mean14,069,267
Geometric Mean0.00
Coefficient Of Variation484.49
Mean Deviation47,930,889
Median0.00
Standard Deviation68,164,666
Sample Variance4646.4T
Range266.9M
R-Value0.16
Mean Square Error4868.7T
R-Squared0.03
Significance0.56
Slope2,505,179
Total Sum of Squares65049.9T

Spirit Inventory History

2024112.8 M
2023107.5 M
2022119.4 M
2021-37.9 M
2020-147.5 M
2018-21 M
2017-4 M

Other Fundumenentals of Spirit Airlines

About Spirit Airlines Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Spirit Airlines income statement, its balance sheet, and the statement of cash flows. Spirit Airlines investors use historical funamental indicators, such as Spirit Airlines's Inventory, to determine how well the company is positioned to perform in the future. Although Spirit Airlines investors may use each financial statement separately, they are all related. The changes in Spirit Airlines's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Spirit Airlines's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Spirit Airlines Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Spirit Airlines. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory107.5 M112.8 M
Change To Inventory249.5 M261.9 M
Inventory Turnover 45.96  48.26 
Days Of Inventory On Hand 10.50  9.98 
Average Inventory 0.00  0.00 
Days Of Inventory Outstanding 10.50  9.98 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Spirit Airlines is a strong investment it is important to analyze Spirit Airlines' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Spirit Airlines' future performance. For an informed investment choice regarding Spirit Stock, refer to the following important reports:
Check out the analysis of Spirit Airlines Correlation against competitors.
For information on how to trade Spirit Stock refer to our How to Trade Spirit Stock guide.
You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.

Complementary Tools for Spirit Stock analysis

When running Spirit Airlines' price analysis, check to measure Spirit Airlines' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Spirit Airlines is operating at the current time. Most of Spirit Airlines' value examination focuses on studying past and present price action to predict the probability of Spirit Airlines' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Spirit Airlines' price. Additionally, you may evaluate how the addition of Spirit Airlines to your portfolios can decrease your overall portfolio volatility.
Options Analysis
Analyze and evaluate options and option chains as a potential hedge for your portfolios
Financial Widgets
Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Bond Analysis
Evaluate and analyze corporate bonds as a potential investment for your portfolios.
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
Watchlist Optimization
Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm
Instant Ratings
Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Is Spirit Airlines' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Spirit Airlines. If investors know Spirit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Spirit Airlines listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.14)
Earnings Share
(4.45)
Revenue Per Share
48.322
Quarterly Revenue Growth
(0.06)
Return On Assets
(0.03)
The market value of Spirit Airlines is measured differently than its book value, which is the value of Spirit that is recorded on the company's balance sheet. Investors also form their own opinion of Spirit Airlines' value that differs from its market value or its book value, called intrinsic value, which is Spirit Airlines' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Spirit Airlines' market value can be influenced by many factors that don't directly affect Spirit Airlines' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Spirit Airlines' value and its price as these two are different measures arrived at by different means. Investors typically determine if Spirit Airlines is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Spirit Airlines' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.