Arsan Holding AS (IST:ARSAN) Change In Receivables: ₺-589.1 Mil (TTM As of Mar. 2026)

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IST:ARSAN Arsan Holding AS IST:ARSAN
52 GF Score
Price ₺3.32
GF Value ₺2.87
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Arsan Holding AS Change In Receivables?

Arsan Holding AS IST:ARSAN +0.61% 52 Change In Receivables is ₺-589.1 Mil as of Mar. 2026. GuruFocus rates IST:ARSAN with a GF Score™ of 52/100 and a GF Value™ of ₺2.87 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Arsan Holding AS's change in receivables for the quarter that ended in Mar. 2026 was ₺-590.7 Mil. It means Arsan Holding AS's Accounts Receivable increased by ₺590.7 Mil from Dec. 2025 to Mar. 2026 .

Arsan Holding AS's change in receivables for the fiscal year that ended in Dec. 2025 was ₺-14.1 Mil. It means Arsan Holding AS's Accounts Receivable increased by ₺14.1 Mil from Dec. 2024 to Dec. 2025 .

Arsan Holding AS's Accounts Receivable for the quarter that ended in Mar. 2026 was ₺813.7 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. Arsan Holding AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 642.16.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Arsan Holding AS's liquidation value for the three months ended in Mar. 2026 was ₺-438.8 Mil.

Arsan Holding AS  (IST:ARSAN) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=813.697/115.625*91
=642.16

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

Arsan Holding AS'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)
=1701.024-2778.887+0.75 * 813.697+0.5 * 57.608
=-438.8

* 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.

Arsan Holding AS Change In Receivables Related Terms

Arsan Holding AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for Arsan Holding AS'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.

Arsan Holding AS Change In Receivables Chart

Arsan Holding AS 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 -45.96 28.07 330.98 65.67 -14.15

Arsan Holding AS 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 -15.75 -87.38 98.37 -9.38 -590.67
IST:ARSAN
52GF Score
Arsan Holding AS IST:ARSAN
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Arsan Holding AS 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 ₺-589.1 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 ₺-589.1 Mil mean?
Arsan Holding AS (IST:ARSAN) has a Change In Receivables of ₺-589.1 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Arsan Holding AS and its competitors.
Is Arsan Holding AS's Change In Receivables too high?
Arsan Holding AS's current Change In Receivables is ₺-589.1 Mil. Overall, Arsan Holding AS has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arsan Holding AS's Change In Receivables compare to PWR and FIX?
Arsan Holding AS's Change In Receivables of ₺-589.1 Mil can be compared against companies in the Construction 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 Construction company?
A good Change In Receivables depends on the Construction 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 Arsan Holding AS and its competitors. Arsan Holding AS's current Change In Receivables is ₺-589.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arsan Holding AS (IST:ARSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.87, compared to a current price of ₺3.32 — trading 15.7% above its estimated fair value. The current Change In Receivables is ₺-589.1 Mil. Arsan Holding AS's overall GF Score™ is 52/100 with 5 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 Arsan Holding AS (IST:ARSAN), the current Change In Receivables is ₺-589.1 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 Arsan Holding AS (IST:ARSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Arsan Holding AS stock appears to be overvalued. The current stock price of ₺3.32 is trading 15.7% above its estimated GF Value™ of ₺2.87. GuruFocus considers Arsan Holding AS to be Modestly Overvalued.

Key valuation signals for IST:ARSAN:

  • Change In Receivables: ₺-589.1 Mil
  • GF Value™: ₺2.87 vs. price of ₺3.32 (15.7% above fair value)
  • GF Score™: 52/100 with 5 warning signs

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

Arsan Holding AS Business Description

Address Ataturk Street, No: 69/300, Sahrayicedit Neighborhood, Kadikoy, Istanbul, TUR
Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments.
52GF Score

Get the complete analysis for IST:ARSAN

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

₺3.32
Price
₺2.87
GF Value