CCL (Carnival) Accounts Receivable: $633 Mil (As of May. 2026)

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CCL Carnival Corporation Ltd CCL
75 GF Score
Price $28.12
GF Value $24.25
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Carnival Accounts Receivable?

Carnival CCL -1.06% 75 Accounts Receivable is $633 Mil as of May. 2026. GuruFocus rates CCL with a GF Score™ of 75/100 and a GF Value™ of $24.25 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Carnival's accounts receivables for the quarter that ended in May. 2026 was $633 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Carnival's Days Sales Outstanding for the quarter that ended in May. 2026 was 8.67.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Carnival's Net-Net Working Capital per share for the quarter that ended in May. 2026 was $-26.43.


Carnival 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.

Carnival's Days Sales Outstanding for the quarter that ended in May. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=633/6663*91
=8.67

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

Carnival's Net-Net Working Capital Per Share for the quarter that ended in May. 2026 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)
=(2243+0.75 * 633+0.5 * 552-39245
-0-16)/1372.000
=-26.43

* 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.


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.


Carnival Accounts Receivable Related Terms


Carnival Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Carnival'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.

Carnival Accounts Receivable Chart

Carnival Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.00 395.00 556.00 590.00 678.00

Carnival Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Accounts Receivable 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 569.00 651.00 678.00 663.00 633.00
CCL
75GF Score
Carnival Corporation Ltd CCL
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Carnival Accounts Receivable Calculation

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

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of $633 Mil mean?
Carnival (CCL) has a Accounts Receivable of $633 Mil as of May. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Carnival and its competitors.
Is Carnival's Accounts Receivable too high?
Carnival's current Accounts Receivable is $633 Mil. Overall, Carnival has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival's Accounts Receivable compare to EXPE and TCOM?
Carnival's Accounts Receivable of $633 Mil can be compared against companies in the Travel & Leisure industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Travel & Leisure company?
A good Accounts Receivable depends on the Travel & Leisure industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Carnival and its competitors. Carnival's current Accounts Receivable is $633 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival stock overvalued right now?
Based on GuruFocus' analysis, Carnival (CCL) is currently considered Modestly Overvalued. The stock's GF Value™ is $24.25, compared to a current price of $28.12 — trading 16% above its estimated fair value. The current Accounts Receivable is $633 Mil. Carnival's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Carnival (CCL), the current Accounts Receivable is $633 Mil as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Carnival (CCL) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival stock appears to be overvalued. The current stock price of $28.12 is trading 16% above its estimated GF Value™ of $24.25. GuruFocus considers Carnival to be Modestly Overvalued.

Key valuation signals for CCL:

  • Accounts Receivable: $633 Mil
  • GF Value™: $24.25 vs. price of $28.12 (16% above fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the CCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Carnival Business Description

Address 3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
Carnival is the largest global cruise company, with nearly 100 ships in service. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It recently folded its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 14 million guests in 2025.
75GF Score

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Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$28.12
Price
$24.25
GF Value