WHA PCL (BKK:WHA-R) Change In Receivables: ฿-436 Mil (TTM As of Mar. 2026)

WHA PCL BKK:WHA-R 82 Change In Receivables is ฿-436 Mil as of Mar. 2026. GuruFocus rates BKK:WHA-R with a GF Score™ of 82/100 and a GF Value™ of ฿3.85. The stock has 11 warning signs investors should review.

WHA PCL's change in receivables for the quarter that ended in Mar. 2026 was ฿-252 Mil. It means WHA PCL's Accounts Receivable increased by ฿252 Mil from Dec. 2025 to Mar. 2026 .

WHA PCL's change in receivables for the fiscal year that ended in Dec. 2025 was ฿-255 Mil. It means WHA PCL's Accounts Receivable increased by ฿255 Mil from Dec. 2024 to Dec. 2025 .

WHA PCL's Accounts Receivable for the quarter that ended in Mar. 2026 was ฿1,497 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. WHA PCL's Days Sales Outstanding for the three months ended in Mar. 2026 was 43.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. WHA PCL's liquidation value for the three months ended in Mar. 2026 was ฿-46,089 Mil.

WHA PCL (BKK:WHA-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.

WHA 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
=	1496.985	/	3166.162	*	91
=	43.14

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

WHA 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)
=	3505.645	-	61926.358	+	0.75 * 1496.985	+	0.5 * 22417.264
=	-46,089

* 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.

WHA PCL Change In Receivables Related Terms

WHA PCL Change In Receivables Historical Data

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

WHA PCL Change In Receivables Chart

WHA PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Change In Receivables

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11.18

-119.07

-122.46

-142.12

-255.37

WHA 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															-71.23	-190.89	75.07	-68.32	-251.52

82GF Score

WHA Corp PCL BKK:WHA-R

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

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WHA 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 ฿-436 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of ฿-436 Mil mean?

WHA PCL (BKK:WHA-R) has a Change In Receivables of ฿-436 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for WHA PCL and its competitors.

Is WHA PCL's Change In Receivables too high?

WHA PCL's current Change In Receivables is ฿-436 Mil. Overall, WHA PCL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.

How does WHA PCL's Change In Receivables compare to CBRE and BEKE?

WHA PCL's Change In Receivables of ฿-436 Mil can be compared against companies in the Real Estate 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 Real Estate company?

A good Change In Receivables depends on the Real Estate 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 WHA PCL and its competitors. WHA PCL's current Change In Receivables is ฿-436 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is WHA PCL stock overvalued right now?

WHA PCL (BKK:WHA-R) has a current Change In Receivables of ฿-436 Mil. The stock's GF Value™ is ฿3.85, compared to a current price of ฿4.19 — trading 8.8% above its estimated fair value. The current Change In Receivables is ฿-436 Mil. WHA PCL's overall GF Score™ is 82/100 with 11 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 WHA PCL (BKK:WHA-R), the current Change In Receivables is ฿-436 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 WHA PCL (BKK:WHA-R) Overvalued in 2026?

Based on GuruFocus' analysis, WHA PCL stock appears to be overvalued. The current stock price of ฿4.19 is trading 8.8% above its estimated GF Value™ of ฿3.85.

Key valuation signals for BKK:WHA-R:

Change In Receivables: ฿-436 Mil
GF Value™: ฿3.85 vs. price of ฿4.19 (8.8% above fair value)
GF Score™: 82/100 with 11 warning signs

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

WHA PCL Business Description

Industry Real Estate Real Estate

Comparable Companies BKK:SPI BKK:BLAND BKK:PLAT BKK:AMATAV BKK:KWC BKK:NVD BKK:PRI BKK:J BKK:MMM BKK:SAMCO STC:VIC CBRE ISX:DCII XMAD:CLNX XTER:VNA TSE:8830 XTAE:AZRG BEKE HKSE:01972 JLL

Other Exchanges WHA:Thailand

Address Moo 13, Debaratna Road (Bangna-Trad) KM.7, 777 WHA TOWER, 23rd - 25th Floor, Bang Kaeo, Bang Phli, Samut Prakarn, THA, 10540

Website https://www.wha-group.com

WHA Corp PCL is engaged in providing rent and sale of lands, buildings, factories, warehouses, and other properties; developing and managing properties in industrial estates and industrial zones; providing public utilities, facilities, and other related services; and providing digital services, data center, Internet connection, and other IT services. The company operates in four segments domestically: Real Estate, Power, Water, and Others; and three segments internationally: Real Estate, Water, and Others. It generates the majority of its revenue from the Real Estate segment in the form of leases & services, and sales. Geographically, it operates in the domestic market and the overseas market.

82GF Score

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

฿4.19

Price

฿3.85

GF Value

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