National CineMedia (FRA:XWM0) Change In Receivables: €-2.0 Mil (TTM As of Jun. 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:XWM0 National CineMedia Inc FRA:XWM0
72 GF Score
Price €3.28
GF Value €3.83
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is National CineMedia Change In Receivables?

National CineMedia FRA:XWM0 -3.53% 72 Change In Receivables is €-2.0 Mil as of Jun. 2026. GuruFocus rates FRA:XWM0 with a GF Score™ of 72/100 and a GF Value™ of €3.83 (Modestly Undervalued). The stock has 3 warning signs investors should review.

National CineMedia's change in receivables for the quarter that ended in Jun. 2026 was €6.6 Mil. It means National CineMedia's Accounts Receivable declined by €6.6 Mil from Mar. 2026 to Jun. 2026 .

National CineMedia's change in receivables for the fiscal year that ended in Dec. 2025 was €-7.6 Mil. It means National CineMedia's Accounts Receivable increased by €7.6 Mil from Dec. 2024 to Dec. 2025 .

National CineMedia's Accounts Receivable for the quarter that ended in Jun. 2026 was €53.8 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. National CineMedia's Days Sales Outstanding for the three months ended in Jun. 2026 was 96.88.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. National CineMedia's liquidation value for the three months ended in Jun. 2026 was €-19.4 Mil.


National CineMedia  (FRA:XWM0) 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.

National CineMedia's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=53.816/50.691*91
=96.88

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

National CineMedia's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=37.411-97.216+0.75 * 53.816+0.5 * 0
=-19.4

* 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.


National CineMedia Change In Receivables Related Terms


National CineMedia Change In Receivables Historical Data

* Premium members only.

The historical data trend for National CineMedia'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.

National CineMedia Change In Receivables Chart

National CineMedia 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 -32.57 -37.76 33.29 10.12 -7.60

National CineMedia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -9.19 -1.87 -29.72 23.01 6.60
FRA:XWM0
72GF Score
National CineMedia Inc FRA:XWM0
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National CineMedia 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-2.0 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 €-2.0 Mil mean?
National CineMedia (FRA:XWM0) has a Change In Receivables of €-2.0 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for National CineMedia and its competitors.
Is National CineMedia's Change In Receivables too high?
National CineMedia's current Change In Receivables is €-2.0 Mil. Overall, National CineMedia has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does National CineMedia's Change In Receivables compare to ADV and NEXN?
National CineMedia's Change In Receivables of €-2.0 Mil can be compared against companies in the Media - Diversified 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 Media - Diversified company?
A good Change In Receivables depends on the Media - Diversified 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 National CineMedia and its competitors. National CineMedia's current Change In Receivables is €-2.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National CineMedia stock overvalued right now?
Based on GuruFocus' analysis, National CineMedia (FRA:XWM0) is currently considered Modestly Undervalued. The stock's GF Value™ is €3.83, compared to a current price of €3.28 — trading 14.4% below its estimated fair value. The current Change In Receivables is €-2.0 Mil. National CineMedia's overall GF Score™ is 72/100 with 3 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 National CineMedia (FRA:XWM0), the current Change In Receivables is €-2.0 Mil as of Jun. 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 National CineMedia (FRA:XWM0) Overvalued in 2026?

Based on GuruFocus' analysis, National CineMedia stock appears to be undervalued. The current stock price of €3.28 is trading 14.4% below its estimated GF Value™ of €3.83. GuruFocus considers National CineMedia to be Modestly Undervalued.

Key valuation signals for FRA:XWM0:

  • Change In Receivables: €-2.0 Mil
  • GF Value™: €3.83 vs. price of €3.28 (14.4% below fair value)
  • GF Score™: 72/100 with 3 warning signs

No single metric tells the full story. See the FRA:XWM0 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


National CineMedia Business Description

Other Exchanges NCMI:USA
Address 6300 South Syracuse Way, Suite 300, Centennial, CO, USA, 80111
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show and the CineLife Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
72GF Score

Get the complete analysis for FRA:XWM0

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

€3.28
Price
€3.83
GF Value