ENAV SpA (CHIX:ENAVM) Change In Receivables: €0 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:ENAVM ENAV SpA CHIX:ENAVM
83 GF Score
Price €4.96
GF Value €4.15
! 2 Warning Signs
View Full Analysis

What is ENAV SpA Change In Receivables?

ENAV SpA CHIX:ENAVM 83 Change In Receivables is €0 Mil as of Jun. 2026. GuruFocus rates CHIX:ENAVM with a GF Score™ of 83/100 and a GF Value™ of €4.15. The stock has 2 warning signs investors should review.

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

ENAV SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-29 Mil. It means ENAV SpA's Accounts Receivable increased by €29 Mil from Dec. 2024 to Dec. 2025 .

ENAV SpA's Accounts Receivable for the quarter that ended in Jun. 2026 was €341 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. ENAV SpA's Days Sales Outstanding for the three months ended in Jun. 2026 was 113.23.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ENAV SpA's liquidation value for the three months ended in Jun. 2026 was €-525 Mil.


ENAV SpA  (CHIX:ENAVm) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=340.749/274.615*91
=113.23

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

ENAV SpA'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)
=239.892-1050.738+0.75 * 340.749+0.5 * 60.058
=-525

* 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.


ENAV SpA Change In Receivables Related Terms


ENAV SpA Change In Receivables Historical Data

* Premium members only.

The historical data trend for ENAV SpA'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.

ENAV SpA Change In Receivables Chart

ENAV SpA 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 -342.61 -76.68 22.20 -14.29 -28.73

ENAV SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 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 0.00 0.00 0.00 0.00 0.00
CHIX:ENAVM
83GF Score
ENAV SpA CHIX:ENAVM
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ENAV SpA 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 €0 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 €0 Mil mean?
ENAV SpA (CHIX:ENAVM) has a Change In Receivables of €0 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for ENAV SpA and its competitors.
Is ENAV SpA's Change In Receivables too high?
ENAV SpA's current Change In Receivables is €0 Mil. Overall, ENAV SpA has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does ENAV SpA's Change In Receivables compare to JOBY?
ENAV SpA's Change In Receivables of €0 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 ENAV SpA and its competitors. ENAV SpA's current Change In Receivables is €0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENAV SpA stock overvalued right now?
ENAV SpA (CHIX:ENAVM) has a current Change In Receivables of €0 Mil. The stock's GF Value™ is €4.15, compared to a current price of €4.96 — trading 19.6% above its estimated fair value. The current Change In Receivables is €0 Mil. ENAV SpA's overall GF Score™ is 83/100 with 2 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 ENAV SpA (CHIX:ENAVM), the current Change In Receivables is €0 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.

Is ENAV SpA (CHIX:ENAVM) Overvalued in 2026?

Based on GuruFocus' analysis, ENAV SpA stock appears to be overvalued. The current stock price of €4.96 is trading 19.6% above its estimated GF Value™ of €4.15.

Key valuation signals for CHIX:ENAVM:

  • Change In Receivables: €0 Mil
  • GF Value™: €4.15 vs. price of €4.96 (19.6% above fair value)
  • GF Score™: 83/100 with 2 warning signs

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


ENAV SpA Business Description

Address Via Salaria 716, Rome, ITA, 00138
ENAV SpA is an Italy-based company engaged in providing air navigation and air traffic management services. The Group operates through three segments: Air Navigation Services, Maintenance Services, and AIM Software Solutions Services. The Air Navigation segment provides air traffic control and related services across Italian airspace and airports. The Maintenance segment focuses on the management and maintenance of air traffic control systems and infrastructure. The AIM Software Solutions segment develops software solutions for aeronautical information and air traffic management, along with related commercial and support services. It generates the majority of its revenue from the Flight assistance services segment.
83GF Score

Get the complete analysis for CHIX:ENAVM

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

€4.96
Price
€4.15
GF Value