CTAS (Cintas) Change In Receivables: $-140 Mil (TTM As of Feb. 2026)

Cintas CTAS +1.10% 96 Change In Receivables is $-140 Mil as of Feb. 2026. GuruFocus rates CTAS with a GF Score™ of 96/100 and a GF Value™ of $209.89 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Cintas's change in receivables for the quarter that ended in Feb. 2026 was $-56 Mil. It means Cintas's Accounts Receivable increased by $56 Mil from Nov. 2025 to Feb. 2026 .

Cintas's change in receivables for the fiscal year that ended in May. 2025 was $-174 Mil. It means Cintas's Accounts Receivable increased by $174 Mil from May. 2024 to May. 2025 .

Cintas's Accounts Receivable for the quarter that ended in Feb. 2026 was $1,543 Mil.

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 Receivable are being managed. Cintas's Days Sales Outstanding for the three months ended in Feb. 2026 was 49.55.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cintas's liquidation value for the three months ended in Feb. 2026 was $-3,259 Mil.

Cintas (NAS:CTAS) Change In Receivables 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 Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1542.973	/	2841.444	*	91
=	49.55

2. In Ben Graham's calculation of liquidation value, Cintas's accounts receivable are only considered to be worth 75% of book value:

Cintas's liquidation value for the quarter that ended in Feb. 2026 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	183.204	-	5445.338	+	0.75 * 1542.973	+	0.5 * 1691.149
=	-3,259

* 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.

Cintas Change In Receivables Related Terms

Cintas Change In Receivables Historical Data

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The historical data trend for Cintas's Change In Receivables can be seen below:

Cintas Change In Receivables Chart

Cintas Annual Data

Trend

May16

May17

May18

May19

May20

May21

May22

May23

May24

May25

Change In Receivables

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-32.58

-100.39

-151.77

-91.40

-174.14

Cintas Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
Change In Receivables	Get a 7-Day Free Trial															-29.71	-15.38	-3.64	-64.70	-56.46

96GF Score

Cintas Corp CTAS

Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.

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Cintas Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-140 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of $-140 Mil mean?

Cintas (CTAS) has a Change In Receivables of $-140 Mil as of Feb. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Cintas and its competitors.

Is Cintas' Change In Receivables too high?

Cintas' current Change In Receivables is $-140 Mil. Overall, Cintas has a GF Score™ of 96/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Cintas' Change In Receivables compare to CPRT and ULS?

Cintas' Change In Receivables of $-140 Mil can be compared against companies in the Business Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Change In Receivables for a Business Services company?

A good Change In Receivables depends on the Business Services industry context. However, Change In Receivables 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 Change In Receivables mean?

A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Cintas and its competitors. Cintas's current Change In Receivables is $-140 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Cintas stock overvalued right now?

Based on GuruFocus' analysis, Cintas (CTAS) is currently considered Modestly Undervalued. The stock's GF Value™ is $209.89, compared to a current price of $179.64 — trading 14.4% below its estimated fair value. The current Change In Receivables is $-140 Mil. Cintas' overall GF Score™ is 96/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Change In Receivables calculated?

Change In Receivables is calculated from a company's financial statements. For Cintas (CTAS), the current Change In Receivables is $-140 Mil as of Feb. 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 Cintas (CTAS) Overvalued in 2026?

Based on GuruFocus' analysis, Cintas stock appears to be undervalued. The current stock price of $179.64 is trading 14.4% below its estimated GF Value™ of $209.89. GuruFocus considers Cintas to be Modestly Undervalued.

Key valuation signals for CTAS:

Change In Receivables: $-140 Mil
GF Value™: $209.89 vs. price of $179.64 (14.4% below fair value)
GF Score™: 96/100 with 1 warning sign

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

Cintas Business Description

Industry Industrials Business Services

Comparable Companies CPRT ULS GPN ARMK DLB AMTM UNF AZZ FA MMS LSE:REL TSX:TRI TSX:RBA ASX:BXB XAMS:WKL LSE:RTO LSE:ITRK XPAR:SW XPAR:ELIS OCSE:ISS

Other Exchanges CTAS:Mexico 0HYJ:UK C1TA34:Brazil CTAS:Austria

Address 6800 Cintas Boulevard, P.O. Box 625737, Cincinnati, OH, USA, 45262-5737

Website https://www.cintas.com

Cintas has roots dating back to 1929, when the Farmer family cleaned and resold dirty rags to manufacturing plants in Ohio. The firm has expanded its business organically and through acquisitions, and today Cintas acts as a one-stop outsourcing partner for businesses. Cintas will design, manufacture, collect, and clean every employee uniform for a small weekly sum, taking on the upfront capital expense itself. At the same stop, Cintas can also replace soiled or depleted mats, mops, trash liners, towels, first aid supplies, fire extinguishers, and cleaning products. Businesses value an outsourcing partner like Cintas as it simplifies operations and leaves noncore tasks with high regulatory standards in the hands of professionals.

96GF Score

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$179.64

Price

$209.89

GF Value

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