National Foods FZCO (KAR:NATF) Change In Receivables: ₨881 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.

KAR:NATF National Foods FZCO KAR:NATF
95 GF Score
Price ₨393.06
GF Value ₨266.72
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is National Foods FZCO Change In Receivables?

National Foods FZCO KAR:NATF -0.78% 95 Change In Receivables is ₨881 Mil as of Mar. 2026. GuruFocus rates KAR:NATF with a GF Score™ of 95/100 and a GF Value™ of ₨266.72 (Significantly Overvalued). The stock has 6 warning signs investors should review.

National Foods FZCO's change in receivables for the quarter that ended in Mar. 2026 was ₨-402 Mil. It means National Foods FZCO's Accounts Receivable increased by ₨402 Mil from Dec. 2025 to Mar. 2026 .

National Foods FZCO's change in receivables for the fiscal year that ended in Jun. 2025 was ₨-54 Mil. It means National Foods FZCO's Accounts Receivable increased by ₨54 Mil from Jun. 2024 to Jun. 2025 .

National Foods FZCO's Accounts Receivable for the quarter that ended in Mar. 2026 was ₨2,204 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. National Foods FZCO's Days Sales Outstanding for the three months ended in Mar. 2026 was 12.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. National Foods FZCO's liquidation value for the three months ended in Mar. 2026 was ₨8,480 Mil.


National Foods FZCO  (KAR:NATF) 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.

National Foods FZCO's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=2203.586/16329.866*91
=12.31

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

National Foods FZCO'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)
=24886.481-22905.287+0.75 * 2203.586+0.5 * 9692.937
=8,480

* 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.


National Foods FZCO Change In Receivables Related Terms


National Foods FZCO Change In Receivables Historical Data

* Premium members only.

The historical data trend for National Foods FZCO'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.

National Foods FZCO Change In Receivables Chart

National Foods FZCO 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 25.29 -1,284.79 386.53 719.93 -54.29

National Foods FZCO 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 -547.03 -162.06 2,381.28 -936.48 -402.11
KAR:NATF
95GF Score
National Foods FZCO KAR:NATF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Foods FZCO 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 ₨881 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 ₨881 Mil mean?
National Foods FZCO (KAR:NATF) has a Change In Receivables of ₨881 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for National Foods FZCO and its competitors.
Is National Foods FZCO's Change In Receivables too high?
National Foods FZCO's current Change In Receivables is ₨881 Mil. Overall, National Foods FZCO has a GF Score™ of 95/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Foods FZCO's Change In Receivables compare to KHC and GIS?
National Foods FZCO's Change In Receivables of ₨881 Mil can be compared against companies in the Consumer Packaged Goods 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 Consumer Packaged Goods company?
A good Change In Receivables depends on the Consumer Packaged Goods 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 National Foods FZCO and its competitors. National Foods FZCO's current Change In Receivables is ₨881 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Foods FZCO stock overvalued right now?
Based on GuruFocus' analysis, National Foods FZCO (KAR:NATF) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨266.72, compared to a current price of ₨393.06 — trading 47.4% above its estimated fair value. The current Change In Receivables is ₨881 Mil. National Foods FZCO's overall GF Score™ is 95/100 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 National Foods FZCO (KAR:NATF), the current Change In Receivables is ₨881 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 National Foods FZCO (KAR:NATF) Overvalued in 2026?

Based on GuruFocus' analysis, National Foods FZCO stock appears to be overvalued. The current stock price of ₨393.06 is trading 47.4% above its estimated GF Value™ of ₨266.72. GuruFocus considers National Foods FZCO to be Significantly Overvalued.

Key valuation signals for KAR:NATF:

  • Change In Receivables: ₨881 Mil
  • GF Value™: ₨266.72 vs. price of ₨393.06 (47.4% above fair value)
  • GF Score™: 95/100 with 6 warning signs

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


National Foods FZCO Business Description

Address 12/CL-6, Claremont Road, Civil Lines, Karachi, SD, PAK, 75530
National Foods FZCO, formerly known as National Foods Ltd, is a Pakistan-based multi-category food company. It is principally engaged in the manufacturing and sale of convenience food products. The company's operating segment includes Food and food-related products and Retail. It generates maximum revenue from the Food and food-related products segment. Geographically, it derives the majority of revenue from Pakistan and also has a presence in KSA/Canada, the Middle East. The products of the company include desserts, jams, pickles, frozen meals, ketchup, recipe masala, rice, basic spices, and snacks.
95GF Score

Get the complete analysis for KAR:NATF

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

₨393.06
Price
₨266.72
GF Value