Asia Plus Group Holdings PCL (BKK:ASP) Change In Receivables: ฿3,560 Mil (TTM As of Mar. 2026)

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BKK:ASP Asia Plus Group Holdings PCL BKK:ASP
66 GF Score
Price ฿2.48
GF Value ฿2.19
Valuation Modestly Overvalued
! 7 Warning Signs
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What is Asia Plus Group Holdings PCL Change In Receivables?

Asia Plus Group Holdings PCL BKK:ASP +2.48% 66 Change In Receivables is ฿3,560 Mil as of Mar. 2026. GuruFocus rates BKK:ASP with a GF Score™ of 66/100 and a GF Value™ of ฿2.19 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Asia Plus Group Holdings PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿-1,415 Mil. It means Asia Plus Group Holdings PCL's Accounts Receivable increased by ฿1,415 Mil from Dec. 2025 to Mar. 2026 .

Asia Plus Group Holdings PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿2,468 Mil. It means Asia Plus Group Holdings PCL's Accounts Receivable declined by ฿2,468 Mil from Dec. 2024 to Dec. 2025 .

Asia Plus Group Holdings PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿2,775 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. Asia Plus Group Holdings PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 440.15.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Asia Plus Group Holdings PCL's liquidation value for the three months ended in Mar. 2026 was ฿-764 Mil.


Asia Plus Group Holdings PCL  (BKK:ASP) 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.

Asia Plus Group Holdings PCL's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2775.123/575.328*91
=440.15

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

Asia Plus Group Holdings PCL's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=3651.464-6496.77+0.75 * 2775.123+0.5 * 0
=-764

* 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.


Asia Plus Group Holdings PCL Change In Receivables Related Terms


Asia Plus Group Holdings PCL Change In Receivables Historical Data

* Premium members only.

The historical data trend for Asia Plus Group Holdings PCL'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.

Asia Plus Group Holdings PCL Change In Receivables Chart

Asia Plus Group Holdings PCL 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 -4,861.71 -1,712.22 3,125.71 1,612.06 2,468.44

Asia Plus Group Holdings PCL Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -2,506.89 3,349.57 -1,671.73 3,297.49 -1,415.42
BKK:ASP
66GF Score
Asia Plus Group Holdings PCL BKK:ASP
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Asia Plus Group Holdings PCL 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿3,560 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 ฿3,560 Mil mean?
Asia Plus Group Holdings PCL (BKK:ASP) has a Change In Receivables of ฿3,560 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Asia Plus Group Holdings PCL and its competitors.
Is Asia Plus Group Holdings PCL's Change In Receivables too high?
Asia Plus Group Holdings PCL's current Change In Receivables is ฿3,560 Mil. Overall, Asia Plus Group Holdings PCL has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Asia Plus Group Holdings PCL's Change In Receivables compare to MS and GS?
Asia Plus Group Holdings PCL's Change In Receivables of ฿3,560 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Change In Receivables depends on the Capital Markets 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 Asia Plus Group Holdings PCL and its competitors. Asia Plus Group Holdings PCL's current Change In Receivables is ฿3,560 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asia Plus Group Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Asia Plus Group Holdings PCL (BKK:ASP) is currently considered Modestly Overvalued. The stock's GF Value™ is ฿2.19, compared to a current price of ฿2.48 — trading 13.2% above its estimated fair value. The current Change In Receivables is ฿3,560 Mil. Asia Plus Group Holdings PCL's overall GF Score™ is 66/100 with 7 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 Asia Plus Group Holdings PCL (BKK:ASP), the current Change In Receivables is ฿3,560 Mil as of Mar. 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 Asia Plus Group Holdings PCL (BKK:ASP) Overvalued in 2026?

Based on GuruFocus' analysis, Asia Plus Group Holdings PCL stock appears to be overvalued. The current stock price of ฿2.48 is trading 13.2% above its estimated GF Value™ of ฿2.19. GuruFocus considers Asia Plus Group Holdings PCL to be Modestly Overvalued.

Key valuation signals for BKK:ASP:

  • Change In Receivables: ฿3,560 Mil
  • GF Value™: ฿2.19 vs. price of ฿2.48 (13.2% above fair value)
  • GF Score™: 66/100 with 7 warning signs

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


Asia Plus Group Holdings PCL Business Description

Address No. 175, South Sathorn Road, 3/1 Floor, Sathorn City Tower, Thungmahamek, Sathorn, Bangkok, THA, 10120
Asia Plus Group Holdings PCL is a Thailand-based company engaged in investing. It is involved in the business activities of securities brokerage, securities trading, investment advisory, underwriting, securities borrowing and lending, private fund management, mutual fund management, and venture capital management. All the business operations of the company are principally carried out in Thailand. The operating segments of the group are Securities and derivatives brokerage, Investment banking, Fund Management, Investment trading, and others. It generates the majority of its revenue from the Fund Management segment.
66GF Score

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

฿2.48
Price
฿2.19
GF Value