Ariston Holding NV (MIL:ARIS) Accounts Receivable: €376 Mil (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:ARIS Ariston Holding NV MIL:ARIS
71 GF Score
Price €3.78
GF Value €4.63
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Ariston Holding NV Accounts Receivable?

Ariston Holding NV MIL:ARIS -1.61% 71 Accounts Receivable is €376 Mil as of Jun. 2026. GuruFocus rates MIL:ARIS with a GF Score™ of 71/100 and a GF Value™ of €4.63 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Ariston Holding NV's accounts receivables for the quarter that ended in Jun. 2026 was €376 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Ariston Holding NV's Days Sales Outstanding for the quarter that ended in Jun. 2026 was 49.99.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Ariston Holding NV's Net-Net Working Capital per share for the quarter that ended in Jun. 2026 was €-3.63.

Ariston Holding NV 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.

Ariston Holding NV's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=376.2/686.7*91
=49.99

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

Ariston Holding NV's Net-Net Working Capital Per Share for the quarter that ended in Jun. 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)
=(569.8+0.75 * 376.2+0.5 * 582.8-2479.5
-0--0.9)/367.510
=-3.63

* 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.

Ariston Holding NV Accounts Receivable Related Terms

Ariston Holding NV Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Ariston Holding NV'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.

Ariston Holding NV Accounts Receivable Chart

Ariston Holding NV Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only 248.30 308.40 361.30 333.90 347.80

Ariston Holding NV Quarterly Data
Dec17 Dec18 Dec19 Dec20 Sep21 Dec21 Jun22 Dec22 Jun23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 350.30 0.00 347.80 0.00 376.20
MIL:ARIS
71GF Score
Ariston Holding NV MIL:ARIS
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ariston Holding NV 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 €376 Mil mean?
Ariston Holding NV (MIL:ARIS) has a Accounts Receivable of €376 Mil as of Jun. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Ariston Holding NV and its competitors.
Is Ariston Holding NV's Accounts Receivable too high?
Ariston Holding NV's current Accounts Receivable is €376 Mil. Overall, Ariston Holding NV has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ariston Holding NV's Accounts Receivable compare to TT and JCI?
Ariston Holding NV's Accounts Receivable of €376 Mil can be compared against companies in the Construction 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 Construction company?
A good Accounts Receivable depends on the Construction 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 Ariston Holding NV and its competitors. Ariston Holding NV's current Accounts Receivable is €376 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ariston Holding NV stock overvalued right now?
Based on GuruFocus' analysis, Ariston Holding NV (MIL:ARIS) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.63, compared to a current price of €3.78 — trading 18.4% below its estimated fair value. The current Accounts Receivable is €376 Mil. Ariston Holding NV's overall GF Score™ is 71/100 with 4 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 Ariston Holding NV (MIL:ARIS), the current Accounts Receivable is €376 Mil as of Jun. 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 Ariston Holding NV (MIL:ARIS) Overvalued in 2026?

Based on GuruFocus' analysis, Ariston Holding NV stock appears to be undervalued. The current stock price of €3.78 is trading 18.4% below its estimated GF Value™ of €4.63. GuruFocus considers Ariston Holding NV to be Modestly Undervalued.

Key valuation signals for MIL:ARIS:

  • Accounts Receivable: €376 Mil
  • GF Value™: €4.63 vs. price of €3.78 (18.4% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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

Ariston Holding NV Business Description

Address Via Broletto 44, Milano, ITA, 20121
Ariston Holding NV is an Italian-based company that produces heating systems and related products. It develops, manufactures, and markets renewable hot water solutions. The company brands include Ariston, Wolf, Elco, Racold, and Calorex. The company's business division includes Thermal Comfort (TC), Air Treatments, Burners (BUR), and Components (COM). Geographically, the company generates revenue from the Netherlands (country of domicile), Germany, Italy, Switzerland, and Other countries. The company generates the majority of its revenue from the Thermal Comfort business division.
71GF Score

Get the complete analysis for MIL:ARIS

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

€3.78
Price
€4.63
GF Value