HMY (Harmony Gold Mining Co) Change In Receivables: $28 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.

HMY Harmony Gold Mining Co Ltd HMY
88 GF Score
Price $19.70
GF Value $17.36
Valuation Modestly Overvalued
View Full Analysis

What is Harmony Gold Mining Co Change In Receivables?

Harmony Gold Mining Co HMY +9.14% 88 Change In Receivables is $28 Mil as of Dec. 2025. GuruFocus rates HMY with a GF Score™ of 88/100 and a GF Value™ of $17.36 (Modestly Overvalued).

Harmony Gold Mining Co's change in receivables for the quarter that ended in Dec. 2025 was $27 Mil. It means Harmony Gold Mining Co's Accounts Receivable declined by $27 Mil from Jun. 2025 to Dec. 2025 .

Harmony Gold Mining Co's change in receivables for the fiscal year that ended in Jun. 2025 was $-70 Mil. It means Harmony Gold Mining Co's Accounts Receivable increased by $70 Mil from Jun. 2024 to Jun. 2025 .

Harmony Gold Mining Co's Accounts Receivable for the quarter that ended in Dec. 2025 was $223 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. Harmony Gold Mining Co's Days Sales Outstanding for the six months ended in Dec. 2025 was 15.45.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Harmony Gold Mining Co's liquidation value for the six months ended in Dec. 2025 was $-2,960 Mil.


Harmony Gold Mining Co  (NYSE:HMY) 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.

Harmony Gold Mining Co's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=223.375/2637.723*91
=15.45

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

Harmony Gold Mining Co'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)
=436.65-3708.496+0.75 * 223.375+0.5 * 288.486
=-2,960

* 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.


Harmony Gold Mining Co Change In Receivables Related Terms


Harmony Gold Mining Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Harmony Gold Mining Co'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.

Harmony Gold Mining Co Change In Receivables Chart

Harmony Gold Mining Co Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -24.37 1.33 -33.45 -14.00 -69.70

Harmony Gold Mining Co 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 -52.76 39.34 -68.39 0.22 27.45
HMY
88GF Score
Harmony Gold Mining Co Ltd HMY
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harmony Gold Mining Co 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 $28 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 $28 Mil mean?
Harmony Gold Mining Co (HMY) has a Change In Receivables of $28 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Harmony Gold Mining Co and its competitors.
Is Harmony Gold Mining Co's Change In Receivables too high?
Harmony Gold Mining Co's current Change In Receivables is $28 Mil. Overall, Harmony Gold Mining Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harmony Gold Mining Co's Change In Receivables compare to NEM and AU?
Harmony Gold Mining Co's Change In Receivables of $28 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Change In Receivables depends on the Metals & Mining 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 Harmony Gold Mining Co and its competitors. Harmony Gold Mining Co's current Change In Receivables is $28 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harmony Gold Mining Co stock overvalued right now?
Based on GuruFocus' analysis, Harmony Gold Mining Co (HMY) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.36, compared to a current price of $19.70 — trading 13.5% above its estimated fair value. The current Change In Receivables is $28 Mil. Harmony Gold Mining Co's overall GF Score™ is 88/100. 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 Harmony Gold Mining Co (HMY), the current Change In Receivables is $28 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 Harmony Gold Mining Co (HMY) Overvalued in 2026?

Based on GuruFocus' analysis, Harmony Gold Mining Co stock appears to be overvalued. The current stock price of $19.70 is trading 13.5% above its estimated GF Value™ of $17.36. GuruFocus considers Harmony Gold Mining Co to be Modestly Overvalued.

Key valuation signals for HMY:

  • Change In Receivables: $28 Mil
  • GF Value™: $17.36 vs. price of $19.70 (13.5% above fair value)
  • GF Score™: 88/100

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


Harmony Gold Mining Co Business Description

Address Corner Main Reef Road and Ward Avenue, Randfontein Office Park, Randfontein, ZAF, 1759
Harmony Gold Mining Co Ltd is engaged in gold mining and related activities, including exploration, extraction, and processing. The group's primary product is gold bullion, produced at operations in South Africa and Papua New Guinea. Gold byproducts include uranium and silver. Strategic projects such as the Wafi-Golpu Project in the New Guinea Mobile Belt, the Eva Copper Project in the Mt Isa Inlier, Queensland, Australia, and the MAC Copper acquisition position the company as a gold-copper producer. The company operates across South Africa, Papua New Guinea, and Australia.
88GF Score

Get the complete analysis for HMY

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

$19.70
Price
$17.36
GF Value