Centrotherm international AG (FRA:CTNK) Change In Receivables: €0.0 Mil (TTM As of Dec. 2025)

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:CTNK Centrotherm international AG FRA:CTNK
66 GF Score
Price €9.30
GF Value €5.97
Valuation Significantly Overvalued
! 2 Warning Signs
View Full Analysis

What is Centrotherm international AG Change In Receivables?

Centrotherm international AG FRA:CTNK 66 Change In Receivables is €0.0 Mil as of Dec. 2025. GuruFocus rates FRA:CTNK with a GF Score™ of 66/100 and a GF Value™ of €5.97 (Significantly Overvalued). The stock has 2 warning signs investors should review.

Centrotherm international AG's change in receivables for the quarter that ended in Dec. 2025 was €0.0 Mil. It means Centrotherm international AG's Accounts Receivable stayed the same from Jun. 2025 to Dec. 2025 .

Centrotherm international AG's change in receivables for the fiscal year that ended in Dec. 2025 was €16.9 Mil. It means Centrotherm international AG's Accounts Receivable declined by €16.9 Mil from Dec. 2024 to Dec. 2025 .

Centrotherm international AG's Accounts Receivable for the quarter that ended in Dec. 2025 was €6.7 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. Centrotherm international AG's Days Sales Outstanding for the six months ended in Dec. 2025 was 11.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Centrotherm international AG's liquidation value for the six months ended in Dec. 2025 was €-15.4 Mil.


Centrotherm international AG  (FRA:CTNK) 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.

Centrotherm international AG's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6.715/104.631*91
=11.71

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

Centrotherm international AG's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=170.791-275.563+0.75 * 6.715+0.5 * 168.605
=-15.4

* 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.


Centrotherm international AG Change In Receivables Related Terms


Centrotherm international AG Change In Receivables Historical Data

* Premium members only.

The historical data trend for Centrotherm international AG'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.

Centrotherm international AG Change In Receivables Chart

Centrotherm international AG 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 0.20 9.91 0.52 -12.24 16.88

Centrotherm international AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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
FRA:CTNK
66GF Score
Centrotherm international AG FRA:CTNK
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Centrotherm international AG 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €0.0 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 €0.0 Mil mean?
Centrotherm international AG (FRA:CTNK) has a Change In Receivables of €0.0 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Centrotherm international AG and its competitors.
Is Centrotherm international AG's Change In Receivables too high?
Centrotherm international AG's current Change In Receivables is €0.0 Mil. Overall, Centrotherm international AG has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Centrotherm international AG's Change In Receivables compare to NVDA and AVGO?
Centrotherm international AG's Change In Receivables of €0.0 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Change In Receivables depends on the Semiconductors 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 Centrotherm international AG and its competitors. Centrotherm international AG's current Change In Receivables is €0.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Centrotherm international AG stock overvalued right now?
Based on GuruFocus' analysis, Centrotherm international AG (FRA:CTNK) is currently considered Significantly Overvalued. The stock's GF Value™ is €5.97, compared to a current price of €9.30 — trading 55.8% above its estimated fair value. The current Change In Receivables is €0.0 Mil. Centrotherm international AG's overall GF Score™ is 66/100 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 Centrotherm international AG (FRA:CTNK), the current Change In Receivables is €0.0 Mil as of Dec. 2025. 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 Centrotherm international AG (FRA:CTNK) Overvalued in 2026?

Based on GuruFocus' analysis, Centrotherm international AG stock appears to be overvalued. The current stock price of €9.30 is trading 55.8% above its estimated GF Value™ of €5.97. GuruFocus considers Centrotherm international AG to be Significantly Overvalued.

Key valuation signals for FRA:CTNK:

  • Change In Receivables: €0.0 Mil
  • GF Value™: €5.97 vs. price of €9.30 (55.8% above fair value)
  • GF Score™: 66/100 with 2 warning signs

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


Centrotherm international AG Business Description

Other Exchanges CTNK:GermanyCTNK:Germany
Address Wurttemberger Strasse 31, Blaubeuren, DEU, 89143
Centrotherm international AG provides manufacturing solutions for the photovoltaic, semiconductor and microelectronics industry. The company operates in three segments: Silicon and Wafer, Solar Cell and Module (including Semiconductors and Microelectronics) and Thin Film Module. Silicon and Wafer segment offers planning, technology and engineering services for the design and process optimization of polysilicon, ingot and wafer manufacturing. Solar Cell and Module segment is engaged in the development and sales of production lines for the manufacture of crystalline solar cells, including engineering and technological process services. The Thin Film Module, the company provides development and sales of production lines for CIGS (Copper Indium Gallium Diselenide) thin film modules.
66GF Score

Get the complete analysis for FRA:CTNK

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

€9.30
Price
€5.97
GF Value