MIND Technology (FRA:MI70) Change In Receivables: €-7.42 Mil (TTM As of Apr. 2026)

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FRA:MI70 MIND Technology Inc FRA:MI70
44 GF Score
Price €3.68
GF Value €1.08
! 4 Warning Signs
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What is MIND Technology Change In Receivables?

MIND Technology FRA:MI70 -0.54% 44 Change In Receivables is €-7.42 Mil as of Apr. 2026. GuruFocus rates FRA:MI70 with a GF Score™ of 44/100 and a GF Value™ of €1.08. The stock has 4 warning signs investors should review.

MIND Technology's change in receivables for the quarter that ended in Apr. 2026 was €-3.37 Mil. It means MIND Technology's Accounts Receivable increased by €3.37 Mil from Jan. 2026 to Apr. 2026 .

MIND Technology's change in receivables for the fiscal year that ended in Jan. 2026 was €-0.64 Mil. It means MIND Technology's Accounts Receivable increased by €0.64 Mil from Jan. 2025 to Jan. 2026 .

MIND Technology's Accounts Receivable for the quarter that ended in Apr. 2026 was €14.12 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. MIND Technology's Days Sales Outstanding for the three months ended in Apr. 2026 was 155.80.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. MIND Technology's liquidation value for the three months ended in Apr. 2026 was €22.48 Mil.

MIND Technology  (FRA:MI70) 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.

MIND Technology's Days Sales Outstanding for the quarter that ended in Apr. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=14.12/8.27*91
=155.80

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

MIND Technology's liquidation value for the quarter that ended in Apr. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=15.096-7.899+0.75 * 14.12+0.5 * 9.385
=22.48

* 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.

MIND Technology Change In Receivables Related Terms

MIND Technology Change In Receivables Historical Data

* Premium members only.

The historical data trend for MIND Technology'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.

MIND Technology Change In Receivables Chart

MIND Technology Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.88 4.51 -3.05 -5.07 -0.64

MIND Technology Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
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 3.55 -2.65 0.27 -1.67 -3.37
FRA:MI70
44GF Score
MIND Technology Inc FRA:MI70
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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MIND Technology 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-7.42 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 €-7.42 Mil mean?
MIND Technology (FRA:MI70) has a Change In Receivables of €-7.42 Mil as of Apr. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for MIND Technology and its competitors.
Is MIND Technology's Change In Receivables too high?
MIND Technology's current Change In Receivables is €-7.42 Mil. Overall, MIND Technology has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Change In Receivables compare to AATC and ACFN?
MIND Technology's Change In Receivables of €-7.42 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 MIND Technology and its competitors. MIND Technology's current Change In Receivables is €-7.42 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
MIND Technology (FRA:MI70) has a current Change In Receivables of €-7.42 Mil. The stock's GF Value™ is €1.08, compared to a current price of €3.68 — trading 240.7% above its estimated fair value. The current Change In Receivables is €-7.42 Mil. MIND Technology's overall GF Score™ is 44/100 with 4 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 MIND Technology (FRA:MI70), the current Change In Receivables is €-7.42 Mil as of Apr. 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 MIND Technology (FRA:MI70) Overvalued in 2026?

Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued. The current stock price of €3.68 is trading 240.7% above its estimated GF Value™ of €1.08.

Key valuation signals for FRA:MI70:

  • Change In Receivables: €-7.42 Mil
  • GF Value™: €1.08 vs. price of €3.68 (240.7% above fair value)
  • GF Score™: 44/100 with 4 warning signs

No single metric tells the full story. See the FRA:MI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MIND Technology Business Description

Other Exchanges MIND:USA
Address 2002 Timberloch Place, Suite 550, The Woodlands, TX, USA, 77380
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
44GF Score

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

€3.68
Price
€1.08
GF Value