CCL (Carnival) Change In Receivables: $-64 Mil (TTM As of May. 2026)

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CCL Carnival Corporation Ltd CCL
75 GF Score
Price $27.81
GF Value $24.21
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Carnival Change In Receivables?

Carnival CCL +0.14% 75 Change In Receivables is $-64 Mil as of May. 2026. GuruFocus rates CCL with a GF Score™ of 75/100 and a GF Value™ of $24.21 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Carnival's change in receivables for the quarter that ended in May. 2026 was $25 Mil. It means Carnival's Accounts Receivable declined by $25 Mil from Feb. 2026 to May. 2026 .

Carnival's change in receivables for the fiscal year that ended in Nov. 2025 was $-84 Mil. It means Carnival's Accounts Receivable increased by $84 Mil from Nov. 2024 to Nov. 2025 .

Carnival's Accounts Receivable for the quarter that ended in May. 2026 was $633 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. Carnival's Days Sales Outstanding for the three months ended in May. 2026 was 8.67.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Carnival's liquidation value for the three months ended in May. 2026 was $-36,251 Mil.

Carnival  (NYSE:CCL) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=633/6663*91
=8.67

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

Carnival's liquidation value for the quarter that ended in May. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=2243-39245+0.75 * 633+0.5 * 552
=-36,251

* 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.

Carnival Change In Receivables Related Terms

Carnival Change In Receivables Historical Data

* Premium members only.

The historical data trend for Carnival'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.

Carnival Change In Receivables Chart

Carnival Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.00 -171.00 -180.00 -49.00 -84.00

Carnival Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -11.00 -85.00 -21.00 17.00 25.00
CCL
75GF Score
Carnival Corporation Ltd CCL
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Carnival 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 May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-64 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 $-64 Mil mean?
Carnival (CCL) has a Change In Receivables of $-64 Mil as of May. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Carnival and its competitors.
Is Carnival's Change In Receivables too high?
Carnival's current Change In Receivables is $-64 Mil. Overall, Carnival has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Carnival's Change In Receivables compare to EXPE and TCOM?
Carnival's Change In Receivables of $-64 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Change In Receivables depends on the Travel & Leisure 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 Carnival and its competitors. Carnival's current Change In Receivables is $-64 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Carnival stock overvalued right now?
Based on GuruFocus' analysis, Carnival (CCL) is currently considered Modestly Overvalued. The stock's GF Value™ is $24.21, compared to a current price of $27.81 — trading 14.9% above its estimated fair value. The current Change In Receivables is $-64 Mil. Carnival's overall GF Score™ is 75/100 with 5 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 Carnival (CCL), the current Change In Receivables is $-64 Mil as of May. 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 Carnival (CCL) Overvalued in 2026?

Based on GuruFocus' analysis, Carnival stock appears to be overvalued. The current stock price of $27.81 is trading 14.9% above its estimated GF Value™ of $24.21. GuruFocus considers Carnival to be Modestly Overvalued.

Key valuation signals for CCL:

  • Change In Receivables: $-64 Mil
  • GF Value™: $24.21 vs. price of $27.81 (14.9% above fair value)
  • GF Score™: 75/100 with 5 warning signs

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

Carnival Business Description

Address 3655 N.W. 87th Avenue, Miami, FL, USA, 33178-2428
Carnival is the largest global cruise company, with nearly 100 ships in service. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe. It recently folded its P&O Australia brand into Carnival. The firm also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted nearly 14 million guests in 2025.
75GF Score

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

$27.81
Price
$24.21
GF Value