ePlus (FRA:MLE) Change In Receivables: €-143 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:MLE ePlus Inc FRA:MLE
83 GF Score
Price €75.50
GF Value €73.68
! 6 Warning Signs
View Full Analysis

What is ePlus Change In Receivables?

ePlus FRA:MLE 83 Change In Receivables is €-143 Mil as of Mar. 2026. GuruFocus rates FRA:MLE with a GF Score™ of 83/100 and a GF Value™ of €73.68. The stock has 6 warning signs investors should review.

ePlus's change in receivables for the quarter that ended in Mar. 2026 was €16 Mil. It means ePlus's Accounts Receivable declined by €16 Mil from Dec. 2025 to Mar. 2026 .

ePlus's change in receivables for the fiscal year that ended in Mar. 2026 was €-143 Mil. It means ePlus's Accounts Receivable increased by €143 Mil from Mar. 2025 to Mar. 2026 .

ePlus's Accounts Receivable for the quarter that ended in Mar. 2026 was €565 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. ePlus's Days Sales Outstanding for the three months ended in Mar. 2026 was 102.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ePlus's liquidation value for the three months ended in Mar. 2026 was €233 Mil.


ePlus  (FRA:MLE) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=564.884/503.113*91
=102.45

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

ePlus'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)
=355.315-633.164+0.75 * 564.884+0.5 * 173.768
=233

* 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.


ePlus Change In Receivables Related Terms


ePlus Change In Receivables Historical Data

* Premium members only.

The historical data trend for ePlus'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.

ePlus Change In Receivables Chart

ePlus 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 -38.11 -111.79 -108.07 179.97 -142.98

ePlus 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 80.43 -157.26 15.70 -17.71 15.91
FRA:MLE
83GF Score
ePlus Inc FRA:MLE
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ePlus 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 €-143 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 €-143 Mil mean?
ePlus (FRA:MLE) has a Change In Receivables of €-143 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for ePlus and its competitors.
Is ePlus' Change In Receivables too high?
ePlus' current Change In Receivables is €-143 Mil. Overall, ePlus has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does ePlus' Change In Receivables compare to SPSC and INTA?
ePlus' Change In Receivables of €-143 Mil can be compared against companies in the Software 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 Software company?
A good Change In Receivables depends on the Software 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 ePlus and its competitors. ePlus's current Change In Receivables is €-143 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ePlus stock overvalued right now?
ePlus (FRA:MLE) has a current Change In Receivables of €-143 Mil. The stock's GF Value™ is €73.68, compared to a current price of €75.50 — trading 2.5% above its estimated fair value. The current Change In Receivables is €-143 Mil. ePlus' overall GF Score™ is 83/100 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 ePlus (FRA:MLE), the current Change In Receivables is €-143 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 ePlus (FRA:MLE) Overvalued in 2026?

Based on GuruFocus' analysis, ePlus stock appears to be overvalued. The current stock price of €75.50 is trading 2.5% above its estimated GF Value™ of €73.68.

Key valuation signals for FRA:MLE:

  • Change In Receivables: €-143 Mil
  • GF Value™: €73.68 vs. price of €75.50 (2.5% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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


ePlus Business Description

Other Exchanges PLUS:USA
Address 13595 Dulles Technology Drive, Herndon, VA, USA, 20171-3413
ePlus Inc is a provider of technology solutions across the IT spectrum, spanning security, cloud, data center, networking, collaboration, AI, service provider, and critical infrastructure, and emerging solutions, to domestic and foreign organizations across all industry segments. Its solutions leverage a broad range of professional, consultative, and managed services across the technology spectrum. The company possesses top-level engineering certifications with a broad range of IT technologies that enable the company to offer multi-vendor IT solutions that are optimized for each of its customers' specific requirements. It also offers a wide portfolio of technology and other capital asset financing solutions to customers across commercial and government enterprises, designing programs.
83GF Score

Get the complete analysis for FRA:MLE

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

€75.50
Price
€73.68
GF Value