CapMan Oyj (FRA:AP6) Change In Receivables: €0.71 Mil (TTM As of Mar. 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:AP6 CapMan Oyj FRA:AP6
82 GF Score
Price €1.69
GF Value €2.13
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is CapMan Oyj Change In Receivables?

CapMan Oyj FRA:AP6 +0.48% 82 Change In Receivables is €0.71 Mil as of Mar. 2026. GuruFocus rates FRA:AP6 with a GF Score™ of 82/100 and a GF Value™ of €2.13 (Modestly Undervalued). The stock has 6 warning signs investors should review.

CapMan Oyj's change in receivables for the quarter that ended in Mar. 2026 was €7.48 Mil. It means CapMan Oyj's Accounts Receivable declined by €7.48 Mil from Dec. 2025 to Mar. 2026 .

CapMan Oyj's change in receivables for the fiscal year that ended in Dec. 2025 was €-5.03 Mil. It means CapMan Oyj's Accounts Receivable increased by €5.03 Mil from Dec. 2024 to Dec. 2025 .

CapMan Oyj's Accounts Receivable for the quarter that ended in Mar. 2026 was €30.16 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. CapMan Oyj's Days Sales Outstanding for the three months ended in Mar. 2026 was 169.27.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. CapMan Oyj's liquidation value for the three months ended in Mar. 2026 was €-64.15 Mil.

CapMan Oyj  (FRA:AP6) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=30.164/16.261*91
=169.27

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

CapMan Oyj'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)
=68.851-155.627+0.75 * 30.164+0.5 * 0
=-64.15

* 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.

CapMan Oyj Change In Receivables Related Terms

CapMan Oyj Change In Receivables Historical Data

* Premium members only.

The historical data trend for CapMan Oyj'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.

CapMan Oyj Change In Receivables Chart

CapMan Oyj 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 -1.55 -8.05 6.32 -4.51 -5.03

CapMan Oyj Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.74 -4.00 2.53 -5.30 7.48
FRA:AP6
82GF Score
CapMan Oyj FRA:AP6
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CapMan Oyj 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 €0.71 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 €0.71 Mil mean?
CapMan Oyj (FRA:AP6) has a Change In Receivables of €0.71 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for CapMan Oyj and its competitors.
Is CapMan Oyj's Change In Receivables too high?
CapMan Oyj's current Change In Receivables is €0.71 Mil. Overall, CapMan Oyj has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CapMan Oyj's Change In Receivables compare to BLK and BX?
CapMan Oyj's Change In Receivables of €0.71 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Change In Receivables depends on the Asset Management 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 CapMan Oyj and its competitors. CapMan Oyj's current Change In Receivables is €0.71 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapMan Oyj stock overvalued right now?
Based on GuruFocus' analysis, CapMan Oyj (FRA:AP6) is currently considered Modestly Undervalued. The stock's GF Value™ is €2.13, compared to a current price of €1.69 — trading 20.6% below its estimated fair value. The current Change In Receivables is €0.71 Mil. CapMan Oyj's overall GF Score™ is 82/100 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 CapMan Oyj (FRA:AP6), the current Change In Receivables is €0.71 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 CapMan Oyj (FRA:AP6) Overvalued in 2026?

Based on GuruFocus' analysis, CapMan Oyj stock appears to be undervalued. The current stock price of €1.69 is trading 20.6% below its estimated GF Value™ of €2.13. GuruFocus considers CapMan Oyj to be Modestly Undervalued.

Key valuation signals for FRA:AP6:

  • Change In Receivables: €0.71 Mil
  • GF Value™: €2.13 vs. price of €1.69 (20.6% below fair value)
  • GF Score™: 82/100 with 6 warning signs

No single metric tells the full story. See the FRA:AP6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CapMan Oyj Business Description

Other Exchanges 0E1L:UKCAPMAN:Finland
Address Ludviginkatu 6, 4th Floor, Helsinki, FIN, 00130
CapMan Oyj iis a private asset management firm operating in the Nordic region. It manages investments across real estate, infrastructure, natural capital, and unlisted companies, and invests in properties and other assets with potential for redevelopment, repurposing, or long-term value creation. The majority of the company's revenue is derived from management fees, which are variable consideration and are typically based on the fund's original size during its investment period.
82GF Score

Get the complete analysis for FRA:AP6

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

€1.69
Price
€2.13
GF Value