Adventure SpA (MIL:ADV) Change In Receivables: €-5.45 Mil (TTM As of Dec. 2025)

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MIL:ADV Adventure SpA MIL:ADV
16 GF Score
Price €13.30
! 6 Warning Signs
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What is Adventure SpA Change In Receivables?

Adventure SpA MIL:ADV 16 Change In Receivables is €-5.45 Mil as of Dec. 2025. GuruFocus rates MIL:ADV with a GF Score™ of 16/100. The stock has 6 warning signs investors should review.

Adventure SpA's change in receivables for the quarter that ended in Dec. 2025 was €-2.07 Mil. It means Adventure SpA's Accounts Receivable increased by €2.07 Mil from Jun. 2025 to Dec. 2025 .

Adventure SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-5.45 Mil. It means Adventure SpA's Accounts Receivable increased by €5.45 Mil from Dec. 2024 to Dec. 2025 .

Adventure SpA's Accounts Receivable for the quarter that ended in Dec. 2025 was €7.86 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. Adventure SpA's Days Sales Outstanding for the six months ended in Dec. 2025 was 168.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Adventure SpA's liquidation value for the six months ended in Dec. 2025 was €-8.45 Mil.


Adventure SpA  (MIL:ADV) 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.

Adventure SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=7.862/8.519*91
=168.43

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

Adventure SpA's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=1.719-16.069+0.75 * 7.862+0.5 * 0
=-8.45

* 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.


Adventure SpA Change In Receivables Related Terms


Adventure SpA Change In Receivables Historical Data

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The historical data trend for Adventure SpA'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.

Adventure SpA Change In Receivables Chart

Adventure SpA Annual Data
Trend Dec22 Dec23 Dec24 Dec25
Change In Receivables
-0.57 -1.05 -2.20 -5.45

Adventure SpA Semi-Annual Data
Dec22 Dec23 Jun24 Dec24 Jun25 Dec25
Change In Receivables Get a 7-Day Free Trial 0.00 -0.69 -1.52 -3.38 -2.07
MIL:ADV
16GF Score
Adventure SpA MIL:ADV
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Adventure SpA 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-5.45 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 €-5.45 Mil mean?
Adventure SpA (MIL:ADV) has a Change In Receivables of €-5.45 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Adventure SpA and its competitors.
Is Adventure SpA's Change In Receivables too high?
Adventure SpA's current Change In Receivables is €-5.45 Mil. Overall, Adventure SpA has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Adventure SpA's Change In Receivables compare to QH and SHOP?
Adventure SpA's Change In Receivables of €-5.45 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 Adventure SpA and its competitors. Adventure SpA's current Change In Receivables is €-5.45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adventure SpA stock overvalued right now?
Adventure SpA (MIL:ADV) has a current Change In Receivables of €-5.45 Mil. The current Change In Receivables is €-5.45 Mil. Adventure SpA's overall GF Score™ is 16/100 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 Adventure SpA (MIL:ADV), the current Change In Receivables is €-5.45 Mil as of Dec. 2025. 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.

Adventure SpA Business Description

Address Via Bertola 2, Torino, ITA, IT-10121
Adventure SpA operates as an online rate comparison platform. The company is engaged in providing carious services that includes lead generation solutions, Advertising solutions, Web development solutions, operational efficiency improvement, and others. The core business of the company is through the portal ameconviene.it a website dedicated to providing consumers with in-depth and up-to-date services and information on tracking the value for its finances, with a focus on home savings, investments, and smart financial choices.
16GF Score

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

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