Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS (IST:FORTE) Change In Receivables: ₺-408 Mil (TTM As of Mar. 2026)

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IST:FORTE Forte Bilgi Iletisim Teknolojileri Ve Savunma Sanayi AS IST:FORTE
61 GF Score
Price ₺106.40
! 8 Warning Signs
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What is Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Change In Receivables?

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS IST:FORTE +3.10% 61 Change In Receivables is ₺-408 Mil as of Mar. 2026. GuruFocus rates IST:FORTE with a GF Score™ of 61/100. The stock has 8 warning signs investors should review.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's change in receivables for the quarter that ended in Mar. 2026 was ₺-286 Mil. It means Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Accounts Receivable increased by ₺286 Mil from Dec. 2025 to Mar. 2026 .

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's change in receivables for the fiscal year that ended in Dec. 2025 was ₺-236 Mil. It means Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Accounts Receivable increased by ₺236 Mil from Dec. 2024 to Dec. 2025 .

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Accounts Receivable for the quarter that ended in Mar. 2026 was ₺1,077 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. Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 99.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's liquidation value for the three months ended in Mar. 2026 was ₺-2,292 Mil.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS  (IST:FORTE) 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.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi 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
=1077.284/991.714*91
=99.12

2. In Ben Graham's calculation of liquidation value, Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's accounts receivable are only considered to be worth 75% of book value:

Forte Bilgi Iletisim Teknolojileri Vevunmanayi 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)
=488.313-4034.049+0.75 * 1077.284+0.5 * 892.426
=-2,292

* 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.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Change In Receivables Related Terms

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for Forte Bilgi Iletisim Teknolojileri Vevunmanayi 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.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Change In Receivables Chart

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial 0.00 4.94 111.63 -309.03 -236.11

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Quarterly Data
Dec20 Dec21 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 370.11 -121.91 0.00 0.00 -285.93
IST:FORTE
61GF Score
Forte Bilgi Iletisim Teknolojileri Ve Savunma Sanayi AS IST:FORTE
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Forte Bilgi Iletisim Teknolojileri Vevunmanayi 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 ₺-408 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 ₺-408 Mil mean?
Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS (IST:FORTE) has a Change In Receivables of ₺-408 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS and its competitors.
Is Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Change In Receivables too high?
Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's current Change In Receivables is ₺-408 Mil. Overall, Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Change In Receivables compare to QH and SHOP?
Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's Change In Receivables of ₺-408 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 Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS and its competitors. Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's current Change In Receivables is ₺-408 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS stock overvalued right now?
Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS (IST:FORTE) has a current Change In Receivables of ₺-408 Mil. The current Change In Receivables is ₺-408 Mil. Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS's overall GF Score™ is 61/100 with 8 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 Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS (IST:FORTE), the current Change In Receivables is ₺-408 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.

Forte Bilgi Iletisim Teknolojileri Vevunmanayi AS Business Description

Address Mustafa Kemal Neighbourhood 2123. Street, Cepa Site Shopping Center No:2/501 Cankaya, Ankara, TUR
Forte Bilgi Iletisim Teknolojileri Ve Savunma Sanayi AS operates in the fields of system integration and software development. It offers system infrastructure, system integration, software development, consultancy, and Technical Documentation Authoring, Material Coding, and Technical Services.
61GF Score

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

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