Adcorp Holdings (JSE:ADR) Change In Receivables: R-10 Mil (TTM As of Feb. 2026)

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JSE:ADR Adcorp Holdings Ltd JSE:ADR
67 GF Score
Price R6.26
GF Value R4.60
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Adcorp Holdings Change In Receivables?

Adcorp Holdings JSE:ADR -2.03% 67 Change In Receivables is R-10 Mil as of Feb. 2026. GuruFocus rates JSE:ADR with a GF Score™ of 67/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 3 warning signs investors should review.

Adcorp Holdings's change in receivables for the quarter that ended in Feb. 2026 was R146 Mil. It means Adcorp Holdings's Accounts Receivable declined by R146 Mil from Aug. 2025 to Feb. 2026 .

Adcorp Holdings's change in receivables for the fiscal year that ended in Feb. 2026 was R-10 Mil. It means Adcorp Holdings's Accounts Receivable increased by R10 Mil from Feb. 2025 to Feb. 2026 .

Adcorp Holdings's Accounts Receivable for the quarter that ended in Feb. 2026 was R1,513 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. Adcorp Holdings's Days Sales Outstanding for the six months ended in Feb. 2026 was 45.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Adcorp Holdings's liquidation value for the six months ended in Feb. 2026 was R29 Mil.

Adcorp Holdings  (JSE:ADR) 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.

Adcorp Holdings's Days Sales Outstanding for the quarter that ended in Feb. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1512.834/6063.837*91
=45.53

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

Adcorp Holdings's liquidation value for the quarter that ended in Feb. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=389.061-1494.502+0.75 * 1512.834+0.5 * 0
=29

* 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.

Adcorp Holdings Change In Receivables Related Terms

Adcorp Holdings Change In Receivables Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings Change In Receivables Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -13.66 31.32 -198.58 -12.74 -10.11

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 -46.42 -44.18 31.44 -156.21 146.09
JSE:ADR
67GF Score
Adcorp Holdings Ltd JSE:ADR
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Adcorp Holdings 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was R-10 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 R-10 Mil mean?
Adcorp Holdings (JSE:ADR) has a Change In Receivables of R-10 Mil as of Feb. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Adcorp Holdings and its competitors.
Is Adcorp Holdings' Change In Receivables too high?
Adcorp Holdings' current Change In Receivables is R-10 Mil. Overall, Adcorp Holdings has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' Change In Receivables compare to KFY and RHI?
Adcorp Holdings' Change In Receivables of R-10 Mil can be compared against companies in the Business Services 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 Business Services company?
A good Change In Receivables depends on the Business Services 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 Adcorp Holdings and its competitors. Adcorp Holdings's current Change In Receivables is R-10 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.26 — trading 36.1% above its estimated fair value. The current Change In Receivables is R-10 Mil. Adcorp Holdings' overall GF Score™ is 67/100 with 3 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 Adcorp Holdings (JSE:ADR), the current Change In Receivables is R-10 Mil as of Feb. 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.26 is trading 36.1% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • Change In Receivables: R-10 Mil
  • GF Value™: R4.60 vs. price of R6.26 (36.1% above fair value)
  • GF Score™: 67/100 with 3 warning signs

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

Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
67GF Score

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

R6.26
Price
R4.60
GF Value