NetEase (BSP:NETE34) Change In Receivables: R$148 Mil (TTM As of Mar. 2026)

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BSP:NETE34 NetEase Inc BSP:NETE34
93 GF Score
Price R$65.09
GF Value R$61.35
Valuation Fairly Valued
! 1 Warning Sign
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What is NetEase Change In Receivables?

NetEase BSP:NETE34 -5.31% 93 Change In Receivables is R$148 Mil as of Mar. 2026. GuruFocus rates BSP:NETE34 with a GF Score™ of 93/100 and a GF Value™ of R$61.35 (Fairly Valued). The stock has 1 warning sign investors should review.

NetEase's change in receivables for the quarter that ended in Mar. 2026 was R$-902 Mil. It means NetEase's Accounts Receivable increased by R$902 Mil from Dec. 2025 to Mar. 2026 .

NetEase's change in receivables for the fiscal year that ended in Dec. 2025 was R$205 Mil. It means NetEase's Accounts Receivable declined by R$205 Mil from Dec. 2024 to Dec. 2025 .

NetEase's Accounts Receivable for the quarter that ended in Mar. 2026 was R$4,927 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. NetEase's Days Sales Outstanding for the three months ended in Mar. 2026 was 19.37.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NetEase's liquidation value for the three months ended in Mar. 2026 was R$86,500 Mil.

NetEase  (BSP:NETE34) 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.

NetEase's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4926.695/23212.107*91
=19.37

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

NetEase'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)
=129678.72-47080.576+0.75 * 4926.695+0.5 * 414.318
=86,500

* 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.

NetEase Change In Receivables Related Terms

NetEase Change In Receivables Historical Data

* Premium members only.

The historical data trend for NetEase'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.

NetEase Change In Receivables Chart

NetEase 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 -1,053.50 417.08 -1,009.01 600.30 204.55

NetEase 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 -864.96 736.28 -146.67 460.55 -902.07
BSP:NETE34
93GF Score
NetEase Inc BSP:NETE34
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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NetEase 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 R$148 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 R$148 Mil mean?
NetEase (BSP:NETE34) has a Change In Receivables of R$148 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for NetEase and its competitors.
Is NetEase's Change In Receivables too high?
NetEase's current Change In Receivables is R$148 Mil. Overall, NetEase has a GF Score™ of 93/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NetEase's Change In Receivables compare to EA and TTWO?
NetEase's Change In Receivables of R$148 Mil can be compared against companies in the Interactive Media 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 Interactive Media company?
A good Change In Receivables depends on the Interactive Media 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 NetEase and its competitors. NetEase's current Change In Receivables is R$148 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NetEase stock overvalued right now?
Based on GuruFocus' analysis, NetEase (BSP:NETE34) is currently considered Fairly Valued. The stock's GF Value™ is R$61.35, compared to a current price of R$65.09 — trading 6.1% above its estimated fair value. The current Change In Receivables is R$148 Mil. NetEase's overall GF Score™ is 93/100 with 1 warning sign 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 NetEase (BSP:NETE34), the current Change In Receivables is R$148 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 NetEase (BSP:NETE34) Overvalued in 2026?

Based on GuruFocus' analysis, NetEase stock appears to be overvalued. The current stock price of R$65.09 is trading 6.1% above its estimated GF Value™ of R$61.35. GuruFocus considers NetEase to be Fairly Valued.

Key valuation signals for BSP:NETE34:

  • Change In Receivables: R$148 Mil
  • GF Value™: R$61.35 vs. price of R$65.09 (6.1% above fair value)
  • GF Score™: 93/100 with 1 warning sign

No single metric tells the full story. See the BSP:NETE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

NetEase Business Description

Address No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052
Founded in the late 1990s as an internet portal, NetEase has evolved into China's second-largest online gaming company. Its early success was anchored by the massively multiplayer online role-playing game Fantasy Westward Journey, which laid the foundation for a durable franchise strategy. Over the past decade, the company has expanded its portfolio with successful titles such as Justice, Identity V, Naraka: Bladepoint, and Eggy Party, all of which continue to maintain sizable and engaged player bases.In addition to its in-house development capabilities, NetEase partners with global IP holders such as Microsoft and Marvel to develop and publish titles based on established franchises, including World of Warcraft, Diablo Immortal, and Marvel Rivals, further strengthening its global presence.
93GF Score

Get the complete analysis for BSP:NETE34

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

R$65.09
Price
R$61.35
GF Value