Makstil AD (XMAE:STIL) Accounts Receivable: MKD162 Mil (As of Dec. 2025)

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XMAE:STIL Makstil AD XMAE:STIL
72 GF Score
Price MKD110.00
GF Value MKD106.57
Valuation Fairly Valued
! 4 Warning Signs
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What is Makstil AD Accounts Receivable?

Makstil AD XMAE:STIL 72 Accounts Receivable is MKD162 Mil as of Dec. 2025. GuruFocus rates XMAE:STIL with a GF Score™ of 72/100 and a GF Value™ of MKD106.57 (Fairly Valued). 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. Makstil AD's accounts receivables for the quarter that ended in Dec. 2025 was MKD162 Mil.

Accounts receivable can be measured by Days Sales Outstanding.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Makstil AD's Net-Net Working Capital per share for the quarter that ended in Dec. 2025 was MKD-229.19.


Makstil AD 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.

Makstil AD's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=162.255/0*91
=

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

Makstil AD'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)
=(35.309+0.75 * 162.255+0.5 * 3766.559-5391.698
-0-0)/14.623
=-229.19

* 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.


Makstil AD Accounts Receivable Related Terms


Makstil AD Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Makstil AD'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.

Makstil AD Accounts Receivable Chart

Makstil AD 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 142.05 215.88 145.97 197.83 162.26

Makstil AD Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 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 828.68 0.00 197.83 0.00 162.26
XMAE:STIL
72GF Score
Makstil AD XMAE:STIL
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
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Makstil AD 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 MKD162 Mil mean?
Makstil AD (XMAE:STIL) has a Accounts Receivable of MKD162 Mil as of Dec. 2025. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Makstil AD and its competitors.
Is Makstil AD's Accounts Receivable too high?
Makstil AD's current Accounts Receivable is MKD162 Mil. Overall, Makstil AD has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Makstil AD's Accounts Receivable compare to NUE and STLD?
Makstil AD's Accounts Receivable of MKD162 Mil can be compared against companies in the Steel 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 Steel company?
A good Accounts Receivable depends on the Steel 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 Makstil AD and its competitors. Makstil AD's current Accounts Receivable is MKD162 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makstil AD stock overvalued right now?
Based on GuruFocus' analysis, Makstil AD (XMAE:STIL) is currently considered Fairly Valued. The stock's GF Value™ is MKD106.57, compared to a current price of MKD110.00 — trading 3.2% above its estimated fair value. The current Accounts Receivable is MKD162 Mil. Makstil AD's overall GF Score™ is 72/100 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 Makstil AD (XMAE:STIL), the current Accounts Receivable is MKD162 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 Makstil AD (XMAE:STIL) Overvalued in 2026?

Based on GuruFocus' analysis, Makstil AD stock appears to be overvalued. The current stock price of MKD110.00 is trading 3.2% above its estimated GF Value™ of MKD106.57. GuruFocus considers Makstil AD to be Fairly Valued.

Key valuation signals for XMAE:STIL:

  • Accounts Receivable: MKD162 Mil
  • GF Value™: MKD106.57 vs. price of MKD110.00 (3.2% above fair value)
  • GF Score™: 72/100 with 4 warning signs

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


Makstil AD Business Description

Address 16 Makedonska brigada, 18, Skopje, MKD, 1000
Makstil AD is a producer of hot-rolled heavy plates in the Balkan region. The company produces flat-rolled products such as hot rolled plates, hot rolled coils, cold rolled strips and sheets, galvanized strips and sheets and pre-painted coated strips.
72GF Score

Get the complete analysis for XMAE:STIL

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

MKD110.00
Price
MKD106.57
GF Value