Tong Hua Holdings PCL (BKK:TH) Change In Receivables: ฿62.7 Mil (TTM As of Mar. 2026)

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BKK:TH Tong Hua Holdings PCL BKK:TH
66 GF Score
Price ฿0.49
GF Value ฿0.62
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Tong Hua Holdings PCL Change In Receivables?

Tong Hua Holdings PCL BKK:TH 66 Change In Receivables is ฿62.7 Mil as of Mar. 2026. GuruFocus rates BKK:TH with a GF Score™ of 66/100 and a GF Value™ of ฿0.62 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Tong Hua Holdings PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿32.6 Mil. It means Tong Hua Holdings PCL's Accounts Receivable declined by ฿32.6 Mil from Dec. 2025 to Mar. 2026 .

Tong Hua Holdings PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿16.4 Mil. It means Tong Hua Holdings PCL's Accounts Receivable declined by ฿16.4 Mil from Dec. 2024 to Dec. 2025 .

Tong Hua Holdings PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿7.1 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. Tong Hua Holdings PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 11.06.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tong Hua Holdings PCL's liquidation value for the three months ended in Mar. 2026 was ฿519.6 Mil.


Tong Hua Holdings PCL  (BKK:TH) 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.

Tong Hua 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
=7.142/58.908*91
=11.06

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

Tong Hua 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)
=572.45-58.715+0.75 * 7.142+0.5 * 1.064
=519.6

* 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.


Tong Hua Holdings PCL Change In Receivables Related Terms


Tong Hua Holdings PCL Change In Receivables Historical Data

* Premium members only.

The historical data trend for Tong Hua 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.

Tong Hua Holdings PCL Change In Receivables Chart

Tong Hua 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 -488.01 -230.45 50.45 -281.61 16.37

Tong Hua 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 -13.67 -111.20 152.11 -10.87 32.60
BKK:TH
66GF Score
Tong Hua Holdings PCL BKK:TH
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Tong Hua 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 ฿62.7 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 ฿62.7 Mil mean?
Tong Hua Holdings PCL (BKK:TH) has a Change In Receivables of ฿62.7 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Tong Hua Holdings PCL and its competitors.
Is Tong Hua Holdings PCL's Change In Receivables too high?
Tong Hua Holdings PCL's current Change In Receivables is ฿62.7 Mil. Overall, Tong Hua Holdings PCL has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tong Hua Holdings PCL's Change In Receivables compare to FRHC and VOYA?
Tong Hua Holdings PCL's Change In Receivables of ฿62.7 Mil can be compared against companies in the Diversified Financial Services 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 Diversified Financial Services company?
A good Change In Receivables depends on the Diversified Financial Services 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 Tong Hua Holdings PCL and its competitors. Tong Hua Holdings PCL's current Change In Receivables is ฿62.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tong Hua Holdings PCL stock overvalued right now?
Based on GuruFocus' analysis, Tong Hua Holdings PCL (BKK:TH) is currently considered Modestly Undervalued. The stock's GF Value™ is ฿0.62, compared to a current price of ฿0.49 — trading 21% below its estimated fair value. The current Change In Receivables is ฿62.7 Mil. Tong Hua Holdings PCL's overall GF Score™ is 66/100 with 4 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 Tong Hua Holdings PCL (BKK:TH), the current Change In Receivables is ฿62.7 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 Tong Hua Holdings PCL (BKK:TH) Overvalued in 2026?

Based on GuruFocus' analysis, Tong Hua Holdings PCL stock appears to be undervalued. The current stock price of ฿0.49 is trading 21% below its estimated GF Value™ of ฿0.62. GuruFocus considers Tong Hua Holdings PCL to be Modestly Undervalued.

Key valuation signals for BKK:TH:

  • Change In Receivables: ฿62.7 Mil
  • GF Value™: ฿0.62 vs. price of ฿0.49 (21% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


Tong Hua Holdings PCL Business Description

Address 877-881 Charoenkrung Road, Talad Noi, Sumpantavong, Bangkok, THA, 10100
Tong Hua Holdings PCL operates as an investment company. The company's business segments are divided into five segments: i) Producing and distributing newspaper, publishing and providing printing services, ii) Space rental for trading and service business, iii) Investment business, iv) Providing short - term funds in the form of factoring, loans, and v) Asset Management Business. Geographically, it operates mainly in Thailand.
66GF Score

Get the complete analysis for BKK:TH

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

฿0.49
Price
฿0.62
GF Value