VBT Yazilim AS (IST:VBTYZ) Change In Receivables: ₺-179 Mil (TTM As of Mar. 2026)

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IST:VBTYZ VBT Yazilim AS IST:VBTYZ
83 GF Score
Price ₺28.82
GF Value ₺23.55
Valuation Modestly Overvalued
! 6 Warning Signs
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What is VBT Yazilim AS Change In Receivables?

VBT Yazilim AS IST:VBTYZ -0.62% 83 Change In Receivables is ₺-179 Mil as of Mar. 2026. GuruFocus rates IST:VBTYZ with a GF Score™ of 83/100 and a GF Value™ of ₺23.55 (Modestly Overvalued). The stock has 6 warning signs investors should review.

VBT Yazilim AS's change in receivables for the quarter that ended in Mar. 2026 was ₺256 Mil. It means VBT Yazilim AS's Accounts Receivable declined by ₺256 Mil from Dec. 2025 to Mar. 2026 .

VBT Yazilim AS's change in receivables for the fiscal year that ended in Dec. 2025 was ₺-632 Mil. It means VBT Yazilim AS's Accounts Receivable increased by ₺632 Mil from Dec. 2024 to Dec. 2025 .

VBT Yazilim AS's Accounts Receivable for the quarter that ended in Mar. 2026 was ₺247 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. VBT Yazilim AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 29.09.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. VBT Yazilim AS's liquidation value for the three months ended in Mar. 2026 was ₺-642 Mil.

VBT Yazilim AS  (IST:VBTYZ) 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.

VBT Yazilim 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
=246.81/774.319*91
=29.09

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

VBT Yazilim 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)
=340.271-1387.579+0.75 * 246.81+0.5 * 440.342
=-642

* 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.

VBT Yazilim AS Change In Receivables Related Terms

VBT Yazilim AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for VBT Yazilim 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.

VBT Yazilim AS Change In Receivables Chart

VBT Yazilim AS Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial -9.62 -222.45 967.95 -63.13 -631.72

VBT Yazilim 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 -197.53 64.91 5.33 -504.43 255.56
IST:VBTYZ
83GF Score
VBT Yazilim AS IST:VBTYZ
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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VBT Yazilim 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 ₺-179 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 ₺-179 Mil mean?
VBT Yazilim AS (IST:VBTYZ) has a Change In Receivables of ₺-179 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for VBT Yazilim AS and its competitors.
Is VBT Yazilim AS's Change In Receivables too high?
VBT Yazilim AS's current Change In Receivables is ₺-179 Mil. Overall, VBT Yazilim AS has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VBT Yazilim AS's Change In Receivables compare to IBM and ACN?
VBT Yazilim AS's Change In Receivables of ₺-179 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 VBT Yazilim AS and its competitors. VBT Yazilim AS's current Change In Receivables is ₺-179 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VBT Yazilim AS stock overvalued right now?
Based on GuruFocus' analysis, VBT Yazilim AS (IST:VBTYZ) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺23.55, compared to a current price of ₺28.82 — trading 22.4% above its estimated fair value. The current Change In Receivables is ₺-179 Mil. VBT Yazilim AS's overall GF Score™ is 83/100 with 6 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 VBT Yazilim AS (IST:VBTYZ), the current Change In Receivables is ₺-179 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 VBT Yazilim AS (IST:VBTYZ) Overvalued in 2026?

Based on GuruFocus' analysis, VBT Yazilim AS stock appears to be overvalued. The current stock price of ₺28.82 is trading 22.4% above its estimated GF Value™ of ₺23.55. GuruFocus considers VBT Yazilim AS to be Modestly Overvalued.

Key valuation signals for IST:VBTYZ:

  • Change In Receivables: ₺-179 Mil
  • GF Value™: ₺23.55 vs. price of ₺28.82 (22.4% above fair value)
  • GF Score™: 83/100 with 6 warning signs

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

VBT Yazilim AS Business Description

Address Icerenkoy Mh. Umut Sk. No:10-12, AND Plaza, K:13 D:57-60, Atasehir, Istanbul, TUR, 34752
VBT Yazilim AS is an information technology company. Its products include E-Transformation Applications, Energy and Utility Applications, Public Applications, Commercial Applications, Application Modernization, BMC Software, IBM, MICRO FOCUS, Jennifer. Its services include Outsource, Training, Consultancy Services, and Modernization.
83GF Score

Get the complete analysis for IST:VBTYZ

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

₺28.82
Price
₺23.55
GF Value