Sanica Isinayi AS (IST:SNICA) Change In Receivables: ₺-609 Mil (TTM As of Mar. 2026)

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IST:SNICA Sanica Isi Sanayi AS IST:SNICA
77 GF Score
Price ₺3.54
GF Value ₺5.67
Valuation Possible Value Trap
! 7 Warning Signs
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What is Sanica Isinayi AS Change In Receivables?

Sanica Isinayi AS IST:SNICA -1.12% 77 Change In Receivables is ₺-609 Mil as of Mar. 2026. GuruFocus rates IST:SNICA with a GF Score™ of 77/100 and a GF Value™ of ₺5.67 (Possible Value Trap). The stock has 7 warning signs investors should review.

Sanica Isinayi AS's change in receivables for the quarter that ended in Mar. 2026 was ₺251 Mil. It means Sanica Isinayi AS's Accounts Receivable declined by ₺251 Mil from Dec. 2025 to Mar. 2026 .

Sanica Isinayi AS's change in receivables for the fiscal year that ended in Dec. 2025 was ₺322 Mil. It means Sanica Isinayi AS's Accounts Receivable declined by ₺322 Mil from Dec. 2024 to Dec. 2025 .

Sanica Isinayi AS's Accounts Receivable for the quarter that ended in Mar. 2026 was ₺1,523 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. Sanica Isinayi AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 222.48.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Sanica Isinayi AS's liquidation value for the three months ended in Mar. 2026 was ₺-1,539 Mil.


Sanica Isinayi AS  (IST:SNICA) 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.

Sanica Isinayi 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
=1523.187/624.721*91
=222.48

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

Sanica Isinayi 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)
=60.697-3648.222+0.75 * 1523.187+0.5 * 1812.842
=-1,539

* 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.


Sanica Isinayi AS Change In Receivables Related Terms


Sanica Isinayi AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for Sanica Isinayi 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.

Sanica Isinayi AS Change In Receivables Chart

Sanica Isinayi AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial -111.69 -530.92 769.81 -411.65 322.11

Sanica Isinayi AS Quarterly Data
Dec19 Dec20 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 1,181.41 -995.49 -174.61 310.81 250.62
IST:SNICA
77GF Score
Sanica Isi Sanayi AS IST:SNICA
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Sanica Isinayi 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 ₺-609 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 ₺-609 Mil mean?
Sanica Isinayi AS (IST:SNICA) has a Change In Receivables of ₺-609 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Sanica Isinayi AS and its competitors.
Is Sanica Isinayi AS's Change In Receivables too high?
Sanica Isinayi AS's current Change In Receivables is ₺-609 Mil. Overall, Sanica Isinayi AS has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sanica Isinayi AS's Change In Receivables compare to SN and SGI?
Sanica Isinayi AS's Change In Receivables of ₺-609 Mil can be compared against companies in the Furnishings, Fixtures & Appliances 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 Furnishings, Fixtures & Appliances company?
A good Change In Receivables depends on the Furnishings, Fixtures & Appliances 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 Sanica Isinayi AS and its competitors. Sanica Isinayi AS's current Change In Receivables is ₺-609 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sanica Isinayi AS stock overvalued right now?
Based on GuruFocus' analysis, Sanica Isinayi AS (IST:SNICA) is currently considered Possible Value Trap. The stock's GF Value™ is ₺5.67, compared to a current price of ₺3.54 — trading 37.6% below its estimated fair value. The current Change In Receivables is ₺-609 Mil. Sanica Isinayi AS's overall GF Score™ is 77/100 with 7 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 Sanica Isinayi AS (IST:SNICA), the current Change In Receivables is ₺-609 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 Sanica Isinayi AS (IST:SNICA) Overvalued in 2026?

Based on GuruFocus' analysis, Sanica Isinayi AS stock appears to be undervalued. The current stock price of ₺3.54 is trading 37.6% below its estimated GF Value™ of ₺5.67. GuruFocus considers Sanica Isinayi AS to be Possible Value Trap.

Key valuation signals for IST:SNICA:

  • Change In Receivables: ₺-609 Mil
  • GF Value™: ₺5.67 vs. price of ₺3.54 (37.6% below fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Sanica Isinayi AS Business Description

Address Kavakli Mah Istanbul Cad. No: 10, Istanbul, TUR, 34520
Sanica Isi Sanayi AS engages in manufacturing fabricated metal products, machinery electrical equipment, and transportation vehicles. It is a manufacturer of acrylic bathtubs and also produces bathrooms, spas, heat, plumbing, glass, and infrastructure. It offers electric housewares, acrylic bathtubs, boilers, panel radiators, and towel warmers.
77GF Score

Get the complete analysis for IST:SNICA

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

₺3.54
Price
₺5.67
GF Value