Anritsu (FRA:AN1) Change In Receivables: €-14.8 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.

FRA:AN1 Anritsu Corp FRA:AN1
75 GF Score
Price €17.30
GF Value €8.76
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Anritsu Change In Receivables?

Anritsu FRA:AN1 +1.76% 75 Change In Receivables is €-14.8 Mil as of Jun. 2026. GuruFocus rates FRA:AN1 with a GF Score™ of 75/100 and a GF Value™ of €8.76 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Anritsu's change in receivables for the quarter that ended in Jun. 2026 was €12.7 Mil. It means Anritsu's Accounts Receivable declined by €12.7 Mil from Mar. 2026 to Jun. 2026 .

Anritsu's change in receivables for the fiscal year that ended in Mar. 2026 was €5.6 Mil. It means Anritsu's Accounts Receivable declined by €5.6 Mil from Mar. 2025 to Mar. 2026 .

Anritsu's Accounts Receivable for the quarter that ended in Jun. 2026 was €145.7 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. Anritsu's Days Sales Outstanding for the three months ended in Jun. 2026 was 75.62.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Anritsu's liquidation value for the three months ended in Jun. 2026 was €232.3 Mil.


Anritsu  (FRA:AN1) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=145.74186374492/175.86164591835*91
=75.62

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

Anritsu'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)
=274.14926631328-228.83533799704+0.75 * 145.74186374492+0.5 * 155.34281957819
=232.3

* 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.


Anritsu Change In Receivables Related Terms


Anritsu Change In Receivables Historical Data

* Premium members only.

The historical data trend for Anritsu'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.

Anritsu Change In Receivables Chart

Anritsu Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.72 11.69 -9.90 0.60 5.61

Anritsu 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 32.86 -8.50 -23.11 4.08 12.68
FRA:AN1
75GF Score
Anritsu Corp FRA:AN1
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anritsu 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 €-14.8 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 €-14.8 Mil mean?
Anritsu (FRA:AN1) has a Change In Receivables of €-14.8 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Anritsu and its competitors.
Is Anritsu's Change In Receivables too high?
Anritsu's current Change In Receivables is €-14.8 Mil. Overall, Anritsu has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anritsu's Change In Receivables compare to GRMN and COHR?
Anritsu's Change In Receivables of €-14.8 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Change In Receivables depends on the Hardware 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 Anritsu and its competitors. Anritsu's current Change In Receivables is €-14.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anritsu stock overvalued right now?
Based on GuruFocus' analysis, Anritsu (FRA:AN1) is currently considered Significantly Overvalued. The stock's GF Value™ is €8.76, compared to a current price of €17.30 — trading 97.5% above its estimated fair value. The current Change In Receivables is €-14.8 Mil. Anritsu's overall GF Score™ is 75/100 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 Anritsu (FRA:AN1), the current Change In Receivables is €-14.8 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 Anritsu (FRA:AN1) Overvalued in 2026?

Based on GuruFocus' analysis, Anritsu stock appears to be overvalued. The current stock price of €17.30 is trading 97.5% above its estimated GF Value™ of €8.76. GuruFocus considers Anritsu to be Significantly Overvalued.

Key valuation signals for FRA:AN1:

  • Change In Receivables: €-14.8 Mil
  • GF Value™: €8.76 vs. price of €17.30 (97.5% above fair value)
  • GF Score™: 75/100 with 3 warning signs

No single metric tells the full story. See the FRA:AN1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anritsu Business Description

Address 5-1-1 Onna, Atsugi-shi, Kanagawa, JPN, 243-8555
Anritsu Corp is an electronic components manufacturer. The company has three business segments: Measurement, Products Quality Assurance, and Others. The Measurement segment offers measuring devices for mobile phone acceptance testing by mobile phone operators. The Product Quality Assurance Segment offers automatic electronic weighing equipment and contaminant detectors for food, cosmetics, and pharmaceutical industries, and x-ray detectors for contaminants. Anritsu's x-ray machines can detect and remove metal fragments. The Other business segment has a variety of interests, including telecommunication equipment, logistics, and real estate. The company earns the vast majority of its revenue in Japan.
75GF Score

Get the complete analysis for FRA:AN1

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

€17.30
Price
€8.76
GF Value