Imperial Brands (CHIX:IMBL) Change In Receivables: £-364 Mil (TTM As of Mar. 2026)

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CHIX:IMBL Imperial Brands PLC CHIX:IMBL
66 GF Score
Price £27.40
GF Value £13.94
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Imperial Brands Change In Receivables?

Imperial Brands CHIX:IMBL -1.10% 66 Change In Receivables is £-364 Mil as of Mar. 2026. GuruFocus rates CHIX:IMBL with a GF Score™ of 66/100 and a GF Value™ of £13.94 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Imperial Brands's change in receivables for the quarter that ended in Mar. 2026 was £-300 Mil. It means Imperial Brands's Accounts Receivable increased by £300 Mil from Sep. 2025 to Mar. 2026 .

Imperial Brands's change in receivables for the fiscal year that ended in Sep. 2025 was £10 Mil. It means Imperial Brands's Accounts Receivable declined by £10 Mil from Sep. 2024 to Sep. 2025 .

Imperial Brands's Accounts Receivable for the quarter that ended in Mar. 2026 was £3,000 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. Imperial Brands's Days Sales Outstanding for the six months ended in Mar. 2026 was 37.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Imperial Brands's liquidation value for the six months ended in Mar. 2026 was £-18,589 Mil.


Imperial Brands  (CHIX:IMBl) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3000/14719*91
=37.20

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

Imperial Brands'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)
=497-23625+0.75 * 3000+0.5 * 4579
=-18,589

* 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.


Imperial Brands Change In Receivables Related Terms


Imperial Brands Change In Receivables Historical Data

* Premium members only.

The historical data trend for Imperial Brands'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.

Imperial Brands Change In Receivables Chart

Imperial Brands Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -201.00 89.00 46.00 -318.00 10.00

Imperial Brands Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -286.00 -32.00 74.00 -64.00 -300.00
CHIX:IMBL
66GF Score
Imperial Brands PLC CHIX:IMBL
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Imperial Brands 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 semi-annually data reported by the company within the most recent 12 months, which was £-364 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 £-364 Mil mean?
Imperial Brands (CHIX:IMBL) has a Change In Receivables of £-364 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Imperial Brands and its competitors.
Is Imperial Brands' Change In Receivables too high?
Imperial Brands' current Change In Receivables is £-364 Mil. Overall, Imperial Brands has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imperial Brands' Change In Receivables compare to PM and MO?
Imperial Brands' Change In Receivables of £-364 Mil can be compared against companies in the Tobacco Products 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 Tobacco Products company?
A good Change In Receivables depends on the Tobacco Products 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 Imperial Brands and its competitors. Imperial Brands's current Change In Receivables is £-364 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imperial Brands stock overvalued right now?
Based on GuruFocus' analysis, Imperial Brands (CHIX:IMBL) is currently considered Significantly Overvalued. The stock's GF Value™ is £13.94, compared to a current price of £27.40 — trading 96.5% above its estimated fair value. The current Change In Receivables is £-364 Mil. Imperial Brands' overall GF Score™ is 66/100 with 3 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 Imperial Brands (CHIX:IMBL), the current Change In Receivables is £-364 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 Imperial Brands (CHIX:IMBL) Overvalued in 2026?

Based on GuruFocus' analysis, Imperial Brands stock appears to be overvalued. The current stock price of £27.40 is trading 96.5% above its estimated GF Value™ of £13.94. GuruFocus considers Imperial Brands to be Significantly Overvalued.

Key valuation signals for CHIX:IMBL:

  • Change In Receivables: £-364 Mil
  • GF Value™: £13.94 vs. price of £27.40 (96.5% above fair value)
  • GF Score™: 66/100 with 3 warning signs

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


Imperial Brands Business Description

Address 121 Winterstoke Road, Bristol, GBR, BS3 2LL
Imperial Brands is the world's fourth-largest international tobacco company (excluding China National Tobacco), with total fiscal 2025 volume of 187 billion cigarettes sold in more than 120 countries. Its largest and most important markets are the US (where it sits as the third-largest manufacturer, following its acquisition of the Winston and Blu brands), Germany, the UK, Spain, and Australia. The firm also holds a leading global position in the fine-cut tobacco and hand-rolling paper categories. It has a logistics platform in Western Europe, Altadis.
66GF Score

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

£27.40
Price
£13.94
GF Value