Sermsang Power PCL (BKK:SSP) Change In Receivables: ฿-352 Mil (TTM As of Jun. 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:SSP Sermsang Power Corporation PCL BKK:SSP
85 GF Score
Price ฿5.05
GF Value ฿5.53
Valuation Fairly Valued
! 12 Warning Signs
View Full Analysis

What is Sermsang Power PCL Change In Receivables?

Sermsang Power PCL BKK:SSP -1.94% 85 Change In Receivables is ฿-352 Mil as of Jun. 2026. GuruFocus rates BKK:SSP with a GF Score™ of 85/100 and a GF Value™ of ฿5.53 (Fairly Valued). The stock has 12 warning signs investors should review.

Sermsang Power PCL's change in receivables for the quarter that ended in Jun. 2026 was ฿137 Mil. It means Sermsang Power PCL's Accounts Receivable declined by ฿137 Mil from Mar. 2026 to Jun. 2026 .

Sermsang Power PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿-203 Mil. It means Sermsang Power PCL's Accounts Receivable increased by ฿203 Mil from Dec. 2024 to Dec. 2025 .

Sermsang Power PCL's Accounts Receivable for the quarter that ended in Jun. 2026 was ฿673 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. Sermsang Power PCL's Days Sales Outstanding for the three months ended in Jun. 2026 was 83.92.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sermsang Power PCL's liquidation value for the three months ended in Jun. 2026 was ฿-17,752 Mil.


Sermsang Power PCL  (BKK:SSP) 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.

Sermsang Power PCL's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=672.548/731.278*91
=83.92

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

Sermsang Power PCL's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1846.206-20124.98+0.75 * 672.548+0.5 * 45.043
=-17,752

* 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.


Sermsang Power PCL Change In Receivables Related Terms


Sermsang Power PCL Change In Receivables Historical Data

* Premium members only.

The historical data trend for Sermsang Power 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.

Sermsang Power PCL Change In Receivables Chart

Sermsang Power 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 -271.72 138.10 55.75 -34.59 -203.04

Sermsang Power PCL Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 135.78 -80.08 -348.52 -61.07 137.33
BKK:SSP
85GF Score
Sermsang Power Corporation PCL BKK:SSP
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sermsang Power 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ฿-352 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 ฿-352 Mil mean?
Sermsang Power PCL (BKK:SSP) has a Change In Receivables of ฿-352 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Sermsang Power PCL and its competitors.
Is Sermsang Power PCL's Change In Receivables too high?
Sermsang Power PCL's current Change In Receivables is ฿-352 Mil. Overall, Sermsang Power PCL has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sermsang Power PCL's Change In Receivables compare to competitors?
Sermsang Power PCL's Change In Receivables of ฿-352 Mil can be compared against companies in the Utilities - Independent Power Producers 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 Utilities - Independent Power Producers company?
A good Change In Receivables depends on the Utilities - Independent Power Producers 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 Sermsang Power PCL and its competitors. Sermsang Power PCL's current Change In Receivables is ฿-352 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sermsang Power PCL stock overvalued right now?
Based on GuruFocus' analysis, Sermsang Power PCL (BKK:SSP) is currently considered Fairly Valued. The stock's GF Value™ is ฿5.53, compared to a current price of ฿5.05 — trading 8.7% below its estimated fair value. The current Change In Receivables is ฿-352 Mil. Sermsang Power PCL's overall GF Score™ is 85/100 with 12 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 Sermsang Power PCL (BKK:SSP), the current Change In Receivables is ฿-352 Mil as of Jun. 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 Sermsang Power PCL (BKK:SSP) Overvalued in 2026?

Based on GuruFocus' analysis, Sermsang Power PCL stock appears to be undervalued. The current stock price of ฿5.05 is trading 8.7% below its estimated GF Value™ of ฿5.53. GuruFocus considers Sermsang Power PCL to be Fairly Valued.

Key valuation signals for BKK:SSP:

  • Change In Receivables: ฿-352 Mil
  • GF Value™: ฿5.53 vs. price of ฿5.05 (8.7% below fair value)
  • GF Score™: 85/100 with 12 warning signs

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


Sermsang Power PCL Business Description

Address 325/14 Lan Luang Road, Si Yaek Mahanak, Dusit, Bangkok, THA, 10300
Sermsang Power Corporation PCL is engaged in investment, consultancy, and the provision of services for energy businesses to related parties. The company's operating segments are the production and distribution of electricity from solar plants, Electricity distribution, and installation services relating to the solar roof system, Production and distribution of electricity from wind power plants, Production and distribution of electricity from biomass, and others. The firm generates a majority of its revenue from the Production and distribution of electricity from the solar power plants segment. Geographically, the company generates a majority share of the revenue from Thailand.
85GF Score

Get the complete analysis for BKK:SSP

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

฿5.05
Price
฿5.53
GF Value