Air France-KLM (CHIX:AFP) Change In Receivables: €-409 Mil (TTM As of Mar. 2026)


CHIX:AFP Air France-KLM CHIX:AFP
69 GF Score
Price €12.32
GF Value €11.05
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Air France-KLM Change In Receivables?

Air France-KLM CHIX:AFP 69 Change In Receivables is €-409 Mil as of Mar. 2026. GuruFocus rates CHIX:AFP with a GF Score™ of 69/100 and a GF Value™ of €11.05 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Air France-KLM's change in receivables for the quarter that ended in Mar. 2026 was €-685 Mil. It means Air France-KLM's Accounts Receivable increased by €685 Mil from Dec. 2025 to Mar. 2026 .

Air France-KLM's change in receivables for the fiscal year that ended in Dec. 2025 was €-165 Mil. It means Air France-KLM's Accounts Receivable increased by €165 Mil from Dec. 2024 to Dec. 2025 .

Air France-KLM's Accounts Receivable for the quarter that ended in Mar. 2026 was €2,928 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. Air France-KLM's Days Sales Outstanding for the three months ended in Mar. 2026 was 35.72.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Air France-KLM's liquidation value for the three months ended in Mar. 2026 was €-29,840 Mil.

Air France-KLM  (CHIX:AFp) 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.

Air France-KLM's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2928/7479*91
=35.72

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

Air France-KLM'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)
=7247-39797+0.75 * 2928+0.5 * 1029
=-29,840

* 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.

Air France-KLM Change In Receivables Related Terms

Air France-KLM Change In Receivables Historical Data

* Premium members only.

The historical data trend for Air France-KLM'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.

Air France-KLM Change In Receivables Chart

Air France-KLM 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 -239.00 -146.00 -330.00 163.00 -165.00

Air France-KLM 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 -441.00 49.00 -21.00 248.00 -685.00
CHIX:AFP
69GF Score
Air France-KLM CHIX:AFP
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Air France-KLM 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 €-409 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 €-409 Mil mean?
Air France-KLM (CHIX:AFP) has a Change In Receivables of €-409 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Air France-KLM and its competitors.
Is Air France-KLM's Change In Receivables too high?
Air France-KLM's current Change In Receivables is €-409 Mil. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Change In Receivables compare to DAL and UAL?
Air France-KLM's Change In Receivables of €-409 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Change In Receivables depends on the Transportation 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 Air France-KLM and its competitors. Air France-KLM's current Change In Receivables is €-409 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €11.05, compared to a current price of €12.32 — trading 11.5% above its estimated fair value. The current Change In Receivables is €-409 Mil. Air France-KLM's overall GF Score™ is 69/100 with 6 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 Air France-KLM (CHIX:AFP), the current Change In Receivables is €-409 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 Air France-KLM (CHIX:AFP) Overvalued in 2026?

Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued. The current stock price of €12.32 is trading 11.5% above its estimated GF Value™ of €11.05. GuruFocus considers Air France-KLM to be Modestly Overvalued.

Key valuation signals for CHIX:AFP:

  • Change In Receivables: €-409 Mil
  • GF Value™: €11.05 vs. price of €12.32 (11.5% above fair value)
  • GF Score™: 69/100 with 6 warning signs

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

Air France-KLM Business Description

Address 7 Rue du Cirque, Paris, FRA, 75008
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
69GF Score

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

€12.32
Price
€11.05
GF Value