Caltagirone SpA (MIL:CALT) Change In Receivables: €-135 Mil (TTM As of Dec. 2025)

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MIL:CALT Caltagirone SpA MIL:CALT
74 GF Score
Price €9.64
GF Value €7.12
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Caltagirone SpA Change In Receivables?

Caltagirone SpA MIL:CALT +0.52% 74 Change In Receivables is €-135 Mil as of Dec. 2025. GuruFocus rates MIL:CALT with a GF Score™ of 74/100 and a GF Value™ of €7.12 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Caltagirone SpA's change in receivables for the quarter that ended in Dec. 2025 was €-17 Mil. It means Caltagirone SpA's Accounts Receivable increased by €17 Mil from Jun. 2025 to Dec. 2025 .

Caltagirone SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-135 Mil. It means Caltagirone SpA's Accounts Receivable increased by €135 Mil from Dec. 2024 to Dec. 2025 .

Caltagirone SpA's Accounts Receivable for the quarter that ended in Dec. 2025 was €432 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. Caltagirone SpA's Days Sales Outstanding for the six months ended in Dec. 2025 was 63.18.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Caltagirone SpA's liquidation value for the six months ended in Dec. 2025 was €-305 Mil.

Caltagirone SpA  (MIL:CALT) 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.

Caltagirone 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
=431.759/1247.251*91
=63.18

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

Caltagirone 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)
=844.663-1594.54+0.75 * 431.759+0.5 * 243.033
=-305

* 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.

Caltagirone SpA Change In Receivables Related Terms

Caltagirone SpA Change In Receivables Historical Data

* Premium members only.

The historical data trend for Caltagirone 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.

Caltagirone SpA Change In Receivables Chart

Caltagirone SpA Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25.88 -30.43 -10.49 -50.96 -134.92

Caltagirone SpA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 87.85 -139.97 89.01 -117.91 -17.01
MIL:CALT
74GF Score
Caltagirone SpA MIL:CALT
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Caltagirone 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 €-135 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 €-135 Mil mean?
Caltagirone SpA (MIL:CALT) has a Change In Receivables of €-135 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Caltagirone SpA and its competitors.
Is Caltagirone SpA's Change In Receivables too high?
Caltagirone SpA's current Change In Receivables is €-135 Mil. Overall, Caltagirone SpA has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Caltagirone SpA's Change In Receivables compare to CRH and VMC?
Caltagirone SpA's Change In Receivables of €-135 Mil can be compared against companies in the Building Materials 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 Building Materials company?
A good Change In Receivables depends on the Building Materials 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 Caltagirone SpA and its competitors. Caltagirone SpA's current Change In Receivables is €-135 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caltagirone SpA stock overvalued right now?
Based on GuruFocus' analysis, Caltagirone SpA (MIL:CALT) is currently considered Significantly Overvalued. The stock's GF Value™ is €7.12, compared to a current price of €9.64 — trading 35.4% above its estimated fair value. The current Change In Receivables is €-135 Mil. Caltagirone SpA's overall GF Score™ is 74/100 with 5 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 Caltagirone SpA (MIL:CALT), the current Change In Receivables is €-135 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.

Is Caltagirone SpA (MIL:CALT) Overvalued in 2026?

Based on GuruFocus' analysis, Caltagirone SpA stock appears to be overvalued. The current stock price of €9.64 is trading 35.4% above its estimated GF Value™ of €7.12. GuruFocus considers Caltagirone SpA to be Significantly Overvalued.

Key valuation signals for MIL:CALT:

  • Change In Receivables: €-135 Mil
  • GF Value™: €7.12 vs. price of €9.64 (35.4% above fair value)
  • GF Score™: 74/100 with 5 warning signs

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

Caltagirone SpA Business Description

Other Exchanges 0OIY:UKQCG:Germany
Address Via Barberini, 28, Roma, ITA, 00187
Caltagirone SpA is a holding company which owns the Group's activities in the areas of large construction projects, cement, real estate, finance, and publishing. It generates a majority of its revenue from cement. Geographically operates through the region of Italy.
74GF Score

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

€9.64
Price
€7.12
GF Value