PM Thoresen Asia Holdings PCL (BKK:PMTA-R) Change In Receivables: ฿-132 Mil (TTM As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BKK:PMTA-R PM Thoresen Asia Holdings PCL BKK:PMTA-R
66 GF Score
Price ฿10.30
GF Value ฿9.00
! 3 Warning Signs
View Full Analysis

What is PM Thoresen Asia Holdings PCL Change In Receivables?

PM Thoresen Asia Holdings PCL BKK:PMTA-R 66 Change In Receivables is ฿-132 Mil as of Mar. 2026. GuruFocus rates BKK:PMTA-R with a GF Score™ of 66/100 and a GF Value™ of ฿9.00. The stock has 3 warning signs investors should review.

PM Thoresen Asia Holdings PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿276 Mil. It means PM Thoresen Asia Holdings PCL's Accounts Receivable declined by ฿276 Mil from Dec. 2025 to Mar. 2026 .

PM Thoresen Asia Holdings PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿-192 Mil. It means PM Thoresen Asia Holdings PCL's Accounts Receivable increased by ฿192 Mil from Dec. 2024 to Dec. 2025 .

PM Thoresen Asia Holdings PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿278 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. PM Thoresen Asia Holdings PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 29.66.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PM Thoresen Asia Holdings PCL's liquidation value for the three months ended in Mar. 2026 was ฿338 Mil.


PM Thoresen Asia Holdings PCL  (BKK:PMTA-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.

PM Thoresen Asia 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
=277.792/854.637*91
=29.66

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

PM Thoresen Asia 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)
=720.928-959.529+0.75 * 277.792+0.5 * 735.723
=338

* 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.


PM Thoresen Asia Holdings PCL Change In Receivables Related Terms


PM Thoresen Asia Holdings PCL Change In Receivables Historical Data

* Premium members only.

The historical data trend for PM Thoresen Asia 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.

PM Thoresen Asia Holdings PCL Change In Receivables Chart

PM Thoresen Asia 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 -51.62 -260.25 154.48 120.77 -191.70

PM Thoresen Asia 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 216.37 -121.63 18.02 -304.46 276.45
BKK:PMTA-R
66GF Score
PM Thoresen Asia Holdings PCL BKK:PMTA-R
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PM Thoresen Asia 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 ฿-132 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 ฿-132 Mil mean?
PM Thoresen Asia Holdings PCL (BKK:PMTA-R) has a Change In Receivables of ฿-132 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for PM Thoresen Asia Holdings PCL and its competitors.
Is PM Thoresen Asia Holdings PCL's Change In Receivables too high?
PM Thoresen Asia Holdings PCL's current Change In Receivables is ฿-132 Mil. Overall, PM Thoresen Asia Holdings PCL has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does PM Thoresen Asia Holdings PCL's Change In Receivables compare to CTVA and CF?
PM Thoresen Asia Holdings PCL's Change In Receivables of ฿-132 Mil can be compared against companies in the Agriculture 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 Agriculture company?
A good Change In Receivables depends on the Agriculture 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 PM Thoresen Asia Holdings PCL and its competitors. PM Thoresen Asia Holdings PCL's current Change In Receivables is ฿-132 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PM Thoresen Asia Holdings PCL stock overvalued right now?
PM Thoresen Asia Holdings PCL (BKK:PMTA-R) has a current Change In Receivables of ฿-132 Mil. The stock's GF Value™ is ฿9.00, compared to a current price of ฿10.30 — trading 14.4% above its estimated fair value. The current Change In Receivables is ฿-132 Mil. PM Thoresen Asia Holdings PCL's overall GF Score™ is 66/100 with 3 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 PM Thoresen Asia Holdings PCL (BKK:PMTA-R), the current Change In Receivables is ฿-132 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 PM Thoresen Asia Holdings PCL (BKK:PMTA-R) Overvalued in 2026?

Based on GuruFocus' analysis, PM Thoresen Asia Holdings PCL stock appears to be overvalued. The current stock price of ฿10.30 is trading 14.4% above its estimated GF Value™ of ฿9.00.

Key valuation signals for BKK:PMTA-R:

  • Change In Receivables: ฿-132 Mil
  • GF Value™: ฿9.00 vs. price of ฿10.30 (14.4% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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


PM Thoresen Asia Holdings PCL Business Description

Other Exchanges PMTA:Thailand
Address Soi Chidlom, Ploenchit Road, 26/26-27 Orakarn Building, 8th Floor, Lumpinee, Pathumwan, Bangkok, THA, 10330
PM Thoresen Asia Holdings PCL along with its subsidiaries is engaged in the manufacturing of nitrogen-phosphorus-potassium (NPK) synthesized chemical and micro-element fertilizers, distribution of new seeds and agricultural materials, as well as manufacture, import, and export of plant protection chemicals and macronutrient products. It has two products segments: Manufacture of Fertilizer and crop care products and Factory area management services. The company earns majority of its revenue through the manufacture of fertilizer and crop care products. It has a business presence in Vietnam and other countries.
66GF Score

Get the complete analysis for BKK:PMTA-R

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

฿10.30
Price
฿9.00
GF Value