Voim ASA (FRA:E2M) Change In Receivables: €-1.46 Mil (TTM As of Dec. 2025)

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FRA:E2M Voim ASA FRA:E2M
34 GF Score
Price €0.06
GF Value €0.01
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Voim ASA Change In Receivables?

Voim ASA FRA:E2M +0.36% 34 Change In Receivables is €-1.46 Mil as of Dec. 2025. GuruFocus rates FRA:E2M with a GF Score™ of 34/100 and a GF Value™ of €0.01 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Voim ASA's change in receivables for the quarter that ended in Dec. 2025 was €4.51 Mil. It means Voim ASA's Accounts Receivable declined by €4.51 Mil from Sep. 2025 to Dec. 2025 .

Voim ASA's change in receivables for the fiscal year that ended in Dec. 2025 was €-0.84 Mil. It means Voim ASA's Accounts Receivable increased by €0.84 Mil from Dec. 2024 to Dec. 2025 .

Voim ASA's Accounts Receivable for the quarter that ended in Dec. 2025 was €1.61 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. Voim ASA's Days Sales Outstanding for the three months ended in Dec. 2025 was 44.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Voim ASA's liquidation value for the three months ended in Dec. 2025 was €-14.25 Mil.


Voim ASA  (FRA:E2M) 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.

Voim ASA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1.605/3.316*91
=44.17

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

Voim ASA'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)
=2.661-18.264+0.75 * 1.605+0.5 * 0.299
=-14.25

* 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.


Voim ASA Change In Receivables Related Terms


Voim ASA Change In Receivables Historical Data

* Premium members only.

The historical data trend for Voim ASA'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.

Voim ASA Change In Receivables Chart

Voim ASA 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 4.41 -6.26 6.21 0.21 -0.84

Voim ASA Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.60 -7.51 -2.77 4.31 4.51
FRA:E2M
34GF Score
Voim ASA FRA:E2M
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Voim ASA 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 quarterly data reported by the company within the most recent 12 months, which was €-1.46 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 €-1.46 Mil mean?
Voim ASA (FRA:E2M) has a Change In Receivables of €-1.46 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Voim ASA and its competitors.
Is Voim ASA's Change In Receivables too high?
Voim ASA's current Change In Receivables is €-1.46 Mil. Overall, Voim ASA has a GF Score™ of 34/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Voim ASA's Change In Receivables compare to SLB and BKR?
Voim ASA's Change In Receivables of €-1.46 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas 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 Voim ASA and its competitors. Voim ASA's current Change In Receivables is €-1.46 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voim ASA stock overvalued right now?
Based on GuruFocus' analysis, Voim ASA (FRA:E2M) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.01, compared to a current price of €0.06 — trading 450% above its estimated fair value. The current Change In Receivables is €-1.46 Mil. Voim ASA's overall GF Score™ is 34/100 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 Voim ASA (FRA:E2M), the current Change In Receivables is €-1.46 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 Voim ASA (FRA:E2M) Overvalued in 2026?

Based on GuruFocus' analysis, Voim ASA stock appears to be overvalued. The current stock price of €0.06 is trading 450% above its estimated GF Value™ of €0.01. GuruFocus considers Voim ASA to be Significantly Overvalued.

Key valuation signals for FRA:E2M:

  • Change In Receivables: €-1.46 Mil
  • GF Value™: €0.01 vs. price of €0.06 (450% above fair value)
  • GF Score™: 34/100 with 6 warning signs

No single metric tells the full story. See the FRA:E2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Voim ASA Business Description

Industry EnergyOil & Gas
Address Karenslyst Alle 4, 4th Floor, Oslo, NOR, 0278
ElectroMagnetic GeoServices ASA is a company engaged in offering electromagnetic services. The company uses the electromagnetic survey method to locate hydrocarbons in offshore reservoirs. The company's focus is on planning, acquisition, processing, modeling, interpretation, and integration of electromagnetic data. Oil and gas companies, as well as other customers, utilize its services to determine whether an offshore area is suitable for the commercial production of hydrocarbons. The company operates in Europe, the Middle East, and Africa, Norway, North and South America, Asia, and the Pacific Ocean. The majority of their revenue is generated from Asia and the Pacific Ocean. It makes money through proprietary contract sales and multi-client sales.
34GF Score

Get the complete analysis for FRA:E2M

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

€0.06
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€0.01
GF Value