Sys-Dat SpA (FRA:9WH) Change In Receivables: €-2.60 Mil (TTM As of Mar. 2026)

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FRA:9WH Sys-Dat SpA FRA:9WH
20 GF Score
Price €7.40
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What is Sys-Dat SpA Change In Receivables?

Sys-Dat SpA FRA:9WH +6.94% 20 Change In Receivables is €-2.60 Mil as of Mar. 2026. GuruFocus rates FRA:9WH with a GF Score™ of 20/100. The stock has 6 warning signs investors should review.

Sys-Dat SpA's change in receivables for the quarter that ended in Mar. 2026 was €-11.51 Mil. It means Sys-Dat SpA's Accounts Receivable increased by €11.51 Mil from Dec. 2025 to Mar. 2026 .

Sys-Dat SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-1.20 Mil. It means Sys-Dat SpA's Accounts Receivable increased by €1.20 Mil from Dec. 2024 to Dec. 2025 .

Sys-Dat SpA's Accounts Receivable for the quarter that ended in Mar. 2026 was €39.65 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. Sys-Dat SpA's Days Sales Outstanding for the three months ended in Mar. 2026 was 139.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sys-Dat SpA's liquidation value for the three months ended in Mar. 2026 was €-18.22 Mil.

Sys-Dat SpA  (FRA:9WH) 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.

Sys-Dat SpA's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=39.649/25.998*91
=139.16

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

Sys-Dat SpA'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)
=47.321-95.745+0.75 * 39.649+0.5 * 0.944
=-18.22

* 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.

Sys-Dat SpA Change In Receivables Related Terms

Sys-Dat SpA Change In Receivables Historical Data

* Premium members only.

The historical data trend for Sys-Dat 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.

Sys-Dat SpA Change In Receivables Chart

Sys-Dat SpA Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial -0.03 -4.44 -1.17 0.04 -1.20

Sys-Dat SpA Quarterly Data
Dec20 Dec21 Dec22 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 -10.11 8.28 1.42 -0.79 -11.51
FRA:9WH
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Sys-Dat SpA FRA:9WH
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Sys-Dat 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.60 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 €-2.60 Mil mean?
Sys-Dat SpA (FRA:9WH) has a Change In Receivables of €-2.60 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Sys-Dat SpA and its competitors.
Is Sys-Dat SpA's Change In Receivables too high?
Sys-Dat SpA's current Change In Receivables is €-2.60 Mil. Overall, Sys-Dat SpA has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Sys-Dat SpA's Change In Receivables compare to IBM and ACN?
Sys-Dat SpA's Change In Receivables of €-2.60 Mil can be compared against companies in the Software 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 Software company?
A good Change In Receivables depends on the Software 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 Sys-Dat SpA and its competitors. Sys-Dat SpA's current Change In Receivables is €-2.60 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sys-Dat SpA stock overvalued right now?
Sys-Dat SpA (FRA:9WH) has a current Change In Receivables of €-2.60 Mil. The current Change In Receivables is €-2.60 Mil. Sys-Dat SpA's overall GF Score™ is 20/100 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 Sys-Dat SpA (FRA:9WH), the current Change In Receivables is €-2.60 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.

Sys-Dat SpA Business Description

Other Exchanges SYS:Italy
Address Via Muzio Attendolo Detto Sforza, 7/9, Milan, ITA, 20141
Sys-Dat SpA is an IT solution company in Italy. The Group offers IT solutions for its clients such as fashion & luxury, manufacturing, ceramics, food & beverage, healthcare, logistics, publishing, banking, and professional services (law firms), retail, and distribution. Geographically, it generates the majority of its revenue from Italy. The solutions provided by the company consist of Business Intelligence, Servizi Cloud, CRM, Retail & Sales Digital Suite, Controllo energetico, Digital Marketing, EDI, Gestione HR, and GDPR & Privacy.
20GF Score

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

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