Ghani Glass (KAR:GHGL) Change In Receivables: ₨296 Mil (TTM As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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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.

KAR:GHGL Ghani Glass Ltd KAR:GHGL
84 GF Score
Price ₨42.77
GF Value ₨33.08
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Ghani Glass Change In Receivables?

Ghani Glass KAR:GHGL -2.20% 84 Change In Receivables is ₨296 Mil as of Mar. 2026. GuruFocus rates KAR:GHGL with a GF Score™ of 84/100 and a GF Value™ of ₨33.08 (Modestly Overvalued). The stock has 1 warning sign investors should review.

Ghani Glass's change in receivables for the quarter that ended in Mar. 2026 was ₨-640 Mil. It means Ghani Glass's Accounts Receivable increased by ₨640 Mil from Dec. 2025 to Mar. 2026 .

Ghani Glass's change in receivables for the fiscal year that ended in Jun. 2025 was ₨569 Mil. It means Ghani Glass's Accounts Receivable declined by ₨569 Mil from Jun. 2024 to Jun. 2025 .

Ghani Glass's Accounts Receivable for the quarter that ended in Mar. 2026 was ₨5,831 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. Ghani Glass's Days Sales Outstanding for the three months ended in Mar. 2026 was 41.95.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ghani Glass's liquidation value for the three months ended in Mar. 2026 was ₨2,812 Mil.

Ghani Glass  (KAR:GHGL) 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.

Ghani Glass's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=5830.607/12682.625*91
=41.95

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

Ghani Glass'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)
=5376.769-14422.231+0.75 * 5830.607+0.5 * 14969.25
=2,812

* 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.

Ghani Glass Change In Receivables Related Terms

Ghani Glass Change In Receivables Historical Data

* Premium members only.

The historical data trend for Ghani Glass'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.

Ghani Glass Change In Receivables Chart

Ghani Glass Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 989.57 -561.48 -2,043.50 -2,342.54 569.46

Ghani Glass 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 179.15 695.76 662.72 -422.61 -640.23
KAR:GHGL
84GF Score
Ghani Glass Ltd KAR:GHGL
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Ghani Glass 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 ₨296 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 ₨296 Mil mean?
Ghani Glass (KAR:GHGL) has a Change In Receivables of ₨296 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Ghani Glass and its competitors.
Is Ghani Glass' Change In Receivables too high?
Ghani Glass' current Change In Receivables is ₨296 Mil. Overall, Ghani Glass has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ghani Glass' Change In Receivables compare to SW and AMCR?
Ghani Glass' Change In Receivables of ₨296 Mil can be compared against companies in the Packaging & Containers 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 Packaging & Containers company?
A good Change In Receivables depends on the Packaging & Containers 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 Ghani Glass and its competitors. Ghani Glass's current Change In Receivables is ₨296 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ghani Glass stock overvalued right now?
Based on GuruFocus' analysis, Ghani Glass (KAR:GHGL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨33.08, compared to a current price of ₨42.77 — trading 29.3% above its estimated fair value. The current Change In Receivables is ₨296 Mil. Ghani Glass' overall GF Score™ is 84/100 with 1 warning sign 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 Ghani Glass (KAR:GHGL), the current Change In Receivables is ₨296 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 Ghani Glass (KAR:GHGL) Overvalued in 2026?

Based on GuruFocus' analysis, Ghani Glass stock appears to be overvalued. The current stock price of ₨42.77 is trading 29.3% above its estimated GF Value™ of ₨33.08. GuruFocus considers Ghani Glass to be Modestly Overvalued.

Key valuation signals for KAR:GHGL:

  • Change In Receivables: ₨296 Mil
  • GF Value™: ₨33.08 vs. price of ₨42.77 (29.3% above fair value)
  • GF Score™: 84/100 with 1 warning sign

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

Ghani Glass Business Description

Address 40-L Model Town Extension, Ghani Complex, Lahore, PB, PAK
Ghani Glass Ltd is involved in manufacturing and selling float and container glass products in Pakistan. The company offers clear, green, brown, reflective, blue, grey, and figured glass products. It also provides amber and clear pharmaceutical glass containers, flint and green beverages glass containers, and clear food glass containers. Geographically, it derives a majority of its revenue from Pakistan.
84GF Score

Get the complete analysis for KAR:GHGL

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

₨42.77
Price
₨33.08
GF Value