Cirsa Enterprises (CHIX:CIRSAE) Change In Receivables: €-9 Mil (TTM As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CHIX:CIRSAE Cirsa Enterprises SA CHIX:CIRSAE
10 GF Score
Price €19.83
! 8 Warning Signs
View Full Analysis

What is Cirsa Enterprises Change In Receivables?

Cirsa Enterprises CHIX:CIRSAE +1.59% 10 Change In Receivables is €-9 Mil as of Jun. 2026. GuruFocus rates CHIX:CIRSAE with a GF Score™ of 10/100. The stock has 8 warning signs investors should review.

Cirsa Enterprises's change in receivables for the quarter that ended in Jun. 2026 was €0 Mil. It means Cirsa Enterprises's Accounts Receivable stayed the same from Mar. 2026 to Jun. 2026 .

Cirsa Enterprises's change in receivables for the fiscal year that ended in Dec. 2025 was €28 Mil. It means Cirsa Enterprises's Accounts Receivable declined by €28 Mil from Dec. 2024 to Dec. 2025 .

Cirsa Enterprises's Accounts Receivable for the quarter that ended in Jun. 2026 was €43 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. Cirsa Enterprises's Days Sales Outstanding for the three months ended in Jun. 2026 was 6.14.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Cirsa Enterprises's liquidation value for the three months ended in Jun. 2026 was €-2,721 Mil.


Cirsa Enterprises  (CHIX:CIRSAe) 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.

Cirsa Enterprises's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=42.885/637.261*91
=6.14

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

Cirsa Enterprises's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=325.659-3088.438+0.75 * 42.885+0.5 * 19.714
=-2,721

* 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.


Cirsa Enterprises Change In Receivables Related Terms


Cirsa Enterprises Change In Receivables Historical Data

* Premium members only.

The historical data trend for Cirsa Enterprises'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.

Cirsa Enterprises Change In Receivables Chart

Cirsa Enterprises Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Change In Receivables
-9.57 -10.07 -12.41 28.28

Cirsa Enterprises Quarterly Data
Dec22 Dec23 Mar24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -9.00 0.00
CHIX:CIRSAE
10GF Score
Cirsa Enterprises SA CHIX:CIRSAE
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cirsa Enterprises 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-9 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 €-9 Mil mean?
Cirsa Enterprises (CHIX:CIRSAE) has a Change In Receivables of €-9 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Cirsa Enterprises and its competitors.
Is Cirsa Enterprises' Change In Receivables too high?
Cirsa Enterprises' current Change In Receivables is €-9 Mil. Overall, Cirsa Enterprises has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Cirsa Enterprises' Change In Receivables compare to LVS and MGM?
Cirsa Enterprises' Change In Receivables of €-9 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 Cirsa Enterprises and its competitors. Cirsa Enterprises's current Change In Receivables is €-9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cirsa Enterprises stock overvalued right now?
Cirsa Enterprises (CHIX:CIRSAE) has a current Change In Receivables of €-9 Mil. The current Change In Receivables is €-9 Mil. Cirsa Enterprises' overall GF Score™ is 10/100 with 8 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 Cirsa Enterprises (CHIX:CIRSAE), the current Change In Receivables is €-9 Mil as of Jun. 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.

Cirsa Enterprises Business Description

Other Exchanges CIRSA:SpainY7O:Germany
Address Carretera de Castellar, number 298, Terrassa, ESP, 08226
Cirsa Enterprises SA consists of a group of companies operating in the gaming and leisure sector. Its activities include the design, manufacture, and marketing of slot machines sold to both Group companies and third parties, the development of interactive gaming mechanisms and systems, the operation of slot machines, casinos, and bingo halls in Spain and abroad, and the marketing and operation of bets in own and third-party premises, as well as online sports betting in Spain and abroad. Its business areas include Casinos, Gaming Rooms, Arcade Machines, and Online Betting and Gaming. The business segments are: Casinos, Slots Spain, Slots Italy, and Online Games and Bets. Maximum revenue is generated from the Casinos segment. The Group generates maximum revenue from Spain and Portugal.
10GF Score

Get the complete analysis for CHIX:CIRSAE

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

€19.83
Price