Maybank Securities (Thailand) PCL (BKK:MST-R) Change In Receivables: ฿423 Mil (TTM As of Mar. 2026)

What is Maybank Securities (Thailand) PCL Change In Receivables?

Maybank Securities (Thailand) PCL BKK:MST-R 58 Change In Receivables is ฿423 Mil as of Mar. 2026. GuruFocus rates BKK:MST-R with a GF Score™ of 58/100 and a GF Value™ of ฿6.33. The stock has 7 warning signs investors should review.

Maybank Securities (Thailand) PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿-2,519 Mil. It means Maybank Securities (Thailand) PCL's Accounts Receivable increased by ฿2,519 Mil from Dec. 2025 to Mar. 2026 .

Maybank Securities (Thailand) PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿3,235 Mil. It means Maybank Securities (Thailand) PCL's Accounts Receivable declined by ฿3,235 Mil from Dec. 2024 to Dec. 2025 .

Maybank Securities (Thailand) PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿15,662 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. Maybank Securities (Thailand) PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 2,410.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Maybank Securities (Thailand) PCL's liquidation value for the three months ended in Mar. 2026 was ฿-990 Mil.

Maybank Securities (Thailand) PCL (BKK:MST-R) 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.

Maybank Securities (Thailand) 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
=	15661.764	/	592.809	*	91
=	2,410.79

2. In Ben Graham's calculation of liquidation value, Maybank Securities (Thailand) PCL's accounts receivable are only considered to be worth 75% of book value:

Maybank Securities (Thailand) 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)
=	882.209	-	13618.671	+	0.75 * 15661.764	+	0.5 * 0
=	-990

* 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.

Maybank Securities (Thailand) PCL Change In Receivables Related Terms

Maybank Securities (Thailand) PCL Change In Receivables Historical Data

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The historical data trend for Maybank Securities (Thailand) PCL's Change In Receivables can be seen below:

Maybank Securities (Thailand) PCL Change In Receivables Chart

Maybank Securities (Thailand) PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Change In Receivables

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-7,137.24

2,395.21

3,005.26

594.95

3,235.26

Maybank Securities (Thailand) 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															292.82	1,856.81	2,014.30	-928.67	-2,519.36

58GF Score

Maybank Securities (Thailand) PCL BKK:MST-R

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

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Maybank Securities (Thailand) 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 ฿423 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of ฿423 Mil mean?

Maybank Securities (Thailand) PCL (BKK:MST-R) has a Change In Receivables of ฿423 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Maybank Securities (Thailand) PCL and its competitors.

Is Maybank Securities (Thailand) PCL's Change In Receivables too high?

Maybank Securities (Thailand) PCL's current Change In Receivables is ฿423 Mil. Overall, Maybank Securities (Thailand) PCL has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.

How does Maybank Securities (Thailand) PCL's Change In Receivables compare to MS and GS?

Maybank Securities (Thailand) PCL's Change In Receivables of ฿423 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 Maybank Securities (Thailand) PCL and its competitors. Maybank Securities (Thailand) PCL's current Change In Receivables is ฿423 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Maybank Securities (Thailand) PCL stock overvalued right now?

Maybank Securities (Thailand) PCL (BKK:MST-R) has a current Change In Receivables of ฿423 Mil. The stock's GF Value™ is ฿6.33, compared to a current price of ฿6.85 — trading 8.2% above its estimated fair value. The current Change In Receivables is ฿423 Mil. Maybank Securities (Thailand) PCL's overall GF Score™ is 58/100 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 Maybank Securities (Thailand) PCL (BKK:MST-R), the current Change In Receivables is ฿423 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 Maybank Securities (Thailand) PCL (BKK:MST-R) Overvalued in 2026?

Based on GuruFocus' analysis, Maybank Securities (Thailand) PCL stock appears to be overvalued. The current stock price of ฿6.85 is trading 8.2% above its estimated GF Value™ of ฿6.33.

Key valuation signals for BKK:MST-R:

Change In Receivables: ฿423 Mil
GF Value™: ฿6.33 vs. price of ฿6.85 (8.2% above fair value)
GF Score™: 58/100 with 7 warning signs

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

Maybank Securities (Thailand) PCL Business Description

Industry Financial Services Capital Markets

Comparable Companies BKK:ASP BKK:BYD BKK:CGH BKK:AIRA BKK:FSX BKK:GBX BKK:TNITY BKK:ASTR BKK:KGI MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 SHSE:601211 IBKR SHSE:601066

Other Exchanges MST:Thailand

Address Rama 1 Road, 20th - 21st Floor and 25th Floor, 999/9 The Offices at Central World Building, Pathumwan, Bangkok, THA, 10330

Website https://www.maybank.co.th

Maybank Securities (Thailand) PCL is a public limited company incorporated and domiciled in Thailand. The company has licenses for securities business, which are securities brokerage, securities trading, underwriting, investment advisory, corporate finance advisory, securities registrar, derivatives brokerage, and securities borrowing and lending. The company is organized into business units based on its products and services and has two segments, namely the Securities Business segment, which also generates key revenue, provides services like securities brokering, derivative brokering, securities borrowing and lending, and the Investment Banking segment, which provides underwriting, investment advisory, securities borrowing and lending, and corporate finance advisory services.

58GF Score

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

฿6.85

Price

฿6.33

GF Value

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