Technical Publications Service SpA (MIL:TPS) Accounts Receivable: €21.25 Mil (As of Dec. 2025)

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:TPS Technical Publications Service SpA MIL:TPS
94 GF Score
Price €7.85
GF Value €7.25
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Technical Publications Service SpA Accounts Receivable?

Technical Publications Service SpA MIL:TPS 94 Accounts Receivable is €21.25 Mil as of Dec. 2025. GuruFocus rates MIL:TPS with a GF Score™ of 94/100 and a GF Value™ of €7.25 (Fairly Valued). The stock has 1 warning sign investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Technical Publications Service SpA's accounts receivables for the quarter that ended in Dec. 2025 was €21.25 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Technical Publications Service SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 was 155.07.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Technical Publications Service SpA's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was €2.54.


Technical Publications Service SpA 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.

Technical Publications Service SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=21.253/25.013*91
=155.07

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

Technical Publications Service SpA's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2025 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)
=(21.001+0.75 * 21.253+0.5 * 0.446-18.297
-0-0.811)/7.097
=2.54

* 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.


Technical Publications Service SpA Accounts Receivable Related Terms


Technical Publications Service SpA Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Technical Publications Service SpA'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.

Technical Publications Service SpA Accounts Receivable Chart

Technical Publications Service SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.53 14.53 23.22 20.30 21.25

Technical Publications Service SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 23.22 21.23 20.30 20.81 21.25
MIL:TPS
94GF Score
Technical Publications Service SpA MIL:TPS
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Technical Publications Service SpA 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 €21.25 Mil mean?
Technical Publications Service SpA (MIL:TPS) has a Accounts Receivable of €21.25 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Technical Publications Service SpA and its competitors.
Is Technical Publications Service SpA's Accounts Receivable too high?
Technical Publications Service SpA's current Accounts Receivable is €21.25 Mil. Overall, Technical Publications Service SpA has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Technical Publications Service SpA's Accounts Receivable compare to JOBY and CAAP?
Technical Publications Service SpA's Accounts Receivable of €21.25 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Accounts Receivable depends on the Transportation 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 Technical Publications Service SpA and its competitors. Technical Publications Service SpA's current Accounts Receivable is €21.25 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Technical Publications Service SpA stock overvalued right now?
Based on GuruFocus' analysis, Technical Publications Service SpA (MIL:TPS) is currently considered Fairly Valued. The stock's GF Value™ is €7.25, compared to a current price of €7.85 — trading 8.3% above its estimated fair value. The current Accounts Receivable is €21.25 Mil. Technical Publications Service SpA's overall GF Score™ is 94/100 with 1 warning sign 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 Technical Publications Service SpA (MIL:TPS), the current Accounts Receivable is €21.25 Mil as of Dec. 2025. 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 Technical Publications Service SpA (MIL:TPS) Overvalued in 2026?

Based on GuruFocus' analysis, Technical Publications Service SpA stock appears to be overvalued. The current stock price of €7.85 is trading 8.3% above its estimated GF Value™ of €7.25. GuruFocus considers Technical Publications Service SpA to be Fairly Valued.

Key valuation signals for MIL:TPS:

  • Accounts Receivable: €21.25 Mil
  • GF Value™: €7.25 vs. price of €7.85 (8.3% above fair value)
  • GF Score™: 94/100 with 1 warning sign

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


Technical Publications Service SpA Business Description

Address Via Lazzaretto 12/C, Gallarate, ITA, 21013
Technical Publications Service SpA provides technical publications services to the aerospace industry. The company creates logistical support, use and maintenance manuals, spare parts catalogs, after-sales support documents, etc.
94GF Score

Get the complete analysis for MIL:TPS

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

€7.85
Price
€7.25
GF Value