Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) Change In Receivables: ₺62 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.

IST:HDFGS Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS
75 GF Score
Price ₺2.60
GF Value ₺1.75
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Hedef Girisim Sermayesi Yati Ortakligi AS Change In Receivables?

Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS +0.78% 75 Change In Receivables is ₺62 Mil as of Mar. 2026. GuruFocus rates IST:HDFGS with a GF Score™ of 75/100 and a GF Value™ of ₺1.75 (Significantly Overvalued). The stock has 4 warning signs investors should review.

Hedef Girisim Sermayesi Yati Ortakligi AS's change in receivables for the quarter that ended in Mar. 2026 was ₺2 Mil. It means Hedef Girisim Sermayesi Yati Ortakligi AS's Accounts Receivable declined by ₺2 Mil from Dec. 2025 to Mar. 2026 .

Hedef Girisim Sermayesi Yati Ortakligi AS's change in receivables for the fiscal year that ended in Dec. 2025 was ₺59 Mil. It means Hedef Girisim Sermayesi Yati Ortakligi AS's Accounts Receivable declined by ₺59 Mil from Dec. 2024 to Dec. 2025 .

Hedef Girisim Sermayesi Yati Ortakligi AS's Accounts Receivable for the quarter that ended in Mar. 2026 was ₺0 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. Hedef Girisim Sermayesi Yati Ortakligi AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Hedef Girisim Sermayesi Yati Ortakligi AS's liquidation value for the three months ended in Mar. 2026 was ₺-5 Mil.


Hedef Girisim Sermayesi Yati Ortakligi AS  (IST:HDFGS) 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.

Hedef Girisim Sermayesi Yati Ortakligi 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
=0.001/47.209*91
=0.00

2. In Ben Graham's calculation of liquidation value, Hedef Girisim Sermayesi Yati Ortakligi AS's accounts receivable are only considered to be worth 75% of book value:

Hedef Girisim Sermayesi Yati Ortakligi 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)
=0.519-5.576+0.75 * 0.001+0.5 * 0
=-5

* 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.


Hedef Girisim Sermayesi Yati Ortakligi AS Change In Receivables Related Terms


Hedef Girisim Sermayesi Yati Ortakligi AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for Hedef Girisim Sermayesi Yati Ortakligi 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.

Hedef Girisim Sermayesi Yati Ortakligi AS Change In Receivables Chart

Hedef Girisim Sermayesi Yati Ortakligi 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 -9.70 0.04 45.53 -17.99 58.74

Hedef Girisim Sermayesi Yati Ortakligi 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 -1.12 20.18 42.10 -2.42 2.47
IST:HDFGS
75GF Score
Hedef Girisim Sermayesi Yati Ortakligi AS IST:HDFGS
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hedef Girisim Sermayesi Yati Ortakligi 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 ₺62 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 ₺62 Mil mean?
Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) has a Change In Receivables of ₺62 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors.
Is Hedef Girisim Sermayesi Yati Ortakligi AS's Change In Receivables too high?
Hedef Girisim Sermayesi Yati Ortakligi AS's current Change In Receivables is ₺62 Mil. Overall, Hedef Girisim Sermayesi Yati Ortakligi AS has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hedef Girisim Sermayesi Yati Ortakligi AS's Change In Receivables compare to BLK and BX?
Hedef Girisim Sermayesi Yati Ortakligi AS's Change In Receivables of ₺62 Mil can be compared against companies in the Asset Management 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 an Asset Management company?
A good Change In Receivables depends on the Asset Management 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 Hedef Girisim Sermayesi Yati Ortakligi AS and its competitors. Hedef Girisim Sermayesi Yati Ortakligi AS's current Change In Receivables is ₺62 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hedef Girisim Sermayesi Yati Ortakligi AS stock overvalued right now?
Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺1.75, compared to a current price of ₺2.60 — trading 48.6% above its estimated fair value. The current Change In Receivables is ₺62 Mil. Hedef Girisim Sermayesi Yati Ortakligi AS's overall GF Score™ is 75/100 with 4 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS), the current Change In Receivables is ₺62 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 Hedef Girisim Sermayesi Yati Ortakligi AS (IST:HDFGS) Overvalued in 2026?

Based on GuruFocus' analysis, Hedef Girisim Sermayesi Yati Ortakligi AS stock appears to be overvalued. The current stock price of ₺2.60 is trading 48.6% above its estimated GF Value™ of ₺1.75. GuruFocus considers Hedef Girisim Sermayesi Yati Ortakligi AS to be Significantly Overvalued.

Key valuation signals for IST:HDFGS:

  • Change In Receivables: ₺62 Mil
  • GF Value™: ₺1.75 vs. price of ₺2.60 (48.6% above fair value)
  • GF Score™: 75/100 with 4 warning signs

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


Hedef Girisim Sermayesi Yati Ortakligi AS Business Description

Address Ihlamur Bulvari, No:3/214 Kat:20, Barbaros Mahallesi, Agaoglu My Newwork, Atasehir, Istanbul, TUR, 34746
Hedef Girisim Sermayesi Yati Ortakligi AS makes direct and indirect investments across multiple sectors, with a primary focus on finance and technology. Its investment activities span areas including fintech, software, gaming, real estate, agriculture and food, marketing, media and publishing, education, logistics, healthcare products, materials such as polycarbonate and polymers, renewable energy, consulting, blockchain, cryptocurrency, and SaaS. The company holds investments in more than 15 portfolio companies across these sectors.
75GF Score

Get the complete analysis for IST:HDFGS

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

₺2.60
Price
₺1.75
GF Value