BAESY (BAE Systems) Change In Receivables: $-985 Mil (TTM As of Dec. 2025)

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BAESY BAE Systems PLC BAESY
88 GF Score
Price $106.51
GF Value $92.58
Valuation Modestly Overvalued
! 2 Warning Signs
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What is BAE Systems Change In Receivables?

BAE Systems BAESY +1.38% 88 Change In Receivables is $-985 Mil as of Dec. 2025. GuruFocus rates BAESY with a GF Score™ of 88/100 and a GF Value™ of $92.58 (Modestly Overvalued). The stock has 2 warning signs investors should review.

BAE Systems's change in receivables for the quarter that ended in Dec. 2025 was $296 Mil. It means BAE Systems's Accounts Receivable declined by $296 Mil from Jun. 2025 to Dec. 2025 .

BAE Systems's change in receivables for the fiscal year that ended in Dec. 2025 was $-968 Mil. It means BAE Systems's Accounts Receivable increased by $968 Mil from Dec. 2024 to Dec. 2025 .

BAE Systems's Accounts Receivable for the quarter that ended in Dec. 2025 was $2,092 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. BAE Systems's Days Sales Outstanding for the six months ended in Dec. 2025 was 19.32.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. BAE Systems's liquidation value for the six months ended in Dec. 2025 was $-27,117 Mil.


BAE Systems  (OTCPK:BAESY) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2092.369/19765.73*91
=19.32

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

BAE Systems's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=4847.39-34460.509+0.75 * 2092.369+0.5 * 1852.744
=-27,117

* 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.


BAE Systems Change In Receivables Related Terms


BAE Systems Change In Receivables Historical Data

* Premium members only.

The historical data trend for BAE Systems's Change In Receivables 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.

BAE Systems Change In Receivables Chart

BAE Systems Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 811.17 -1,302.07 -363.29 -152.97 -967.87

BAE Systems Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Change In Receivables 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 229.11 -709.92 552.47 -1,280.87 295.85
BAESY
88GF Score
BAE Systems PLC BAESY
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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BAE Systems 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $-985 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $-985 Mil mean?
BAE Systems (BAESY) has a Change In Receivables of $-985 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for BAE Systems and its competitors.
Is BAE Systems' Change In Receivables too high?
BAE Systems' current Change In Receivables is $-985 Mil. Overall, BAE Systems has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BAE Systems' Change In Receivables compare to SPCX and GE?
BAE Systems' Change In Receivables of $-985 Mil can be compared against companies in the Aerospace & Defense 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 an Aerospace & Defense company?
A good Change In Receivables depends on the Aerospace & Defense 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 BAE Systems and its competitors. BAE Systems's current Change In Receivables is $-985 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BAE Systems stock overvalued right now?
Based on GuruFocus' analysis, BAE Systems (BAESY) is currently considered Modestly Overvalued. The stock's GF Value™ is $92.58, compared to a current price of $106.51 — trading 15% above its estimated fair value. The current Change In Receivables is $-985 Mil. BAE Systems' overall GF Score™ is 88/100 with 2 warning signs 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 BAE Systems (BAESY), the current Change In Receivables is $-985 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 BAE Systems (BAESY) Overvalued in 2026?

Based on GuruFocus' analysis, BAE Systems stock appears to be overvalued. The current stock price of $106.51 is trading 15% above its estimated GF Value™ of $92.58. GuruFocus considers BAE Systems to be Modestly Overvalued.

Key valuation signals for BAESY:

  • Change In Receivables: $-985 Mil
  • GF Value™: $92.58 vs. price of $106.51 (15% above fair value)
  • GF Score™: 88/100 with 2 warning signs

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


BAE Systems Business Description

Address 6 Carlton Gardens, Stirling Square, London, GBR, SW1Y 5AD
BAE Systems is a British global defense, security, and aerospace company and the largest defense contractor in Europe; it is one of six prime contractors to the US Department of Defense. For reporting purposes, the company has five operating segments: electronics systems is the group's US- and UK-based electronic warfare systems; the cyber, security, and intelligence segment supplies intelligence and security solutions to the US government; platforms and services manufactures combat vehicles and munitions and performs ship repair services to the US Defense Department; the air segment includes BAE's share of US and European air programs as well as its businesses in Saudi Arabia and Australia, and the maritime segment comprises UK land- and marine-based activities.
88GF Score

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

$106.51
Price
$92.58
GF Value