VGI PCL (BKK:VGI-R) Change In Receivables: ฿-444 Mil (TTM As of Mar. 2026)

VGI PCL BKK:VGI-R 62 Change In Receivables is ฿-444 Mil as of Mar. 2026. GuruFocus rates BKK:VGI-R with a GF Score™ of 62/100 and a GF Value™ of ฿1.01. The stock has 4 warning signs investors should review.

VGI PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿26 Mil. It means VGI PCL's Accounts Receivable declined by ฿26 Mil from Dec. 2025 to Mar. 2026 .

VGI PCL's change in receivables for the fiscal year that ended in Mar. 2026 was ฿-444 Mil. It means VGI PCL's Accounts Receivable increased by ฿444 Mil from Mar. 2025 to Mar. 2026 .

VGI PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿193 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. VGI PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 16.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. VGI PCL's liquidation value for the three months ended in Mar. 2026 was ฿18,126 Mil.

VGI PCL (BKK:VGI-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.

VGI 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
=	193	/	1047.331	*	91
=	16.82

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

VGI 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)
=	21111	-	3206.218	+	0.75 * 193	+	0.5 * 153
=	18,126

* 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.

VGI PCL Change In Receivables Related Terms

VGI PCL Change In Receivables Historical Data

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The historical data trend for VGI PCL's Change In Receivables can be seen below:

VGI PCL Change In Receivables Chart

VGI PCL Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Mar25

Mar26

Change In Receivables

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-188.68

-124.03

-687.94

-171.68

-443.99

VGI 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															214.29	-217.31	5.33	-257.63	25.61

62GF Score

VGI PCL BKK:VGI-R

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

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VGI 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 ฿-444 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of ฿-444 Mil mean?

VGI PCL (BKK:VGI-R) has a Change In Receivables of ฿-444 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for VGI PCL and its competitors.

Is VGI PCL's Change In Receivables too high?

VGI PCL's current Change In Receivables is ฿-444 Mil. Overall, VGI PCL has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.

How does VGI PCL's Change In Receivables compare to HON and MMM?

VGI PCL's Change In Receivables of ฿-444 Mil can be compared against companies in the Conglomerates 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 Conglomerates company?

A good Change In Receivables depends on the Conglomerates 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 VGI PCL and its competitors. VGI PCL's current Change In Receivables is ฿-444 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is VGI PCL stock overvalued right now?

VGI PCL (BKK:VGI-R) has a current Change In Receivables of ฿-444 Mil. The stock's GF Value™ is ฿1.01, compared to a current price of ฿0.83 — trading 17.8% below its estimated fair value. The current Change In Receivables is ฿-444 Mil. VGI PCL's overall GF Score™ is 62/100 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 VGI PCL (BKK:VGI-R), the current Change In Receivables is ฿-444 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 VGI PCL (BKK:VGI-R) Overvalued in 2026?

Based on GuruFocus' analysis, VGI PCL stock appears to be undervalued. The current stock price of ฿0.83 is trading 17.8% below its estimated GF Value™ of ฿1.01.

Key valuation signals for BKK:VGI-R:

Change In Receivables: ฿-444 Mil
GF Value™: ฿1.01 vs. price of ฿0.83 (17.8% below fair value)
GF Score™: 62/100 with 4 warning signs

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

VGI PCL Business Description

Industry Industrials Conglomerates

Comparable Companies BKK:FORTH BKK:MBK BKK:TTA BKK:SUC BKK:PCC BKK:LOXLEY BKK:RABBIT BKK:UREKA BKK:ACC BKK:ETE ADX:IHC HON TSE:6501 TSE:8058 MMM TSE:8001 TSE:8031 TSE:5803 TSE:8002 TSE:8053

Other Exchanges VGI:Thailand

Address Phahonyothin Road, 1000/9, BTS Visionary Park - South Tower, 27th Floor, Chomphon Sub-district, Chatuchak District, Bangkok, THA, 10900

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

VGI PCL is principally engaged in the arrangement and provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, in office buildings, and other spaces and the rental at BTS stations.is organised into business units based on the services it provides, and there are four reportable segments as follows: the Transit segment, the Digital service segment, the Distribution segment, and the Other segment. The majority of the revenue is derived from the Transit segment, which provision of advertising services in BTS stations, inside BTS trains, on BTS train bodies, on BTS Column and the rental of retail space at BTS stations. Geographically, the company operates in Thailand.

62GF Score

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

฿0.83

Price

฿1.01

GF Value

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