H-Farm (MIL:FARM) Change In Receivables: €-3.53 Mil (TTM As of Feb. 2026)

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Valuation Significantly Overvalued

4 Warning Signs

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What is H-Farm Change In Receivables?

H-Farm MIL:FARM +0.92% 33 Change In Receivables is €-3.53 Mil as of Feb. 2026. GuruFocus rates MIL:FARM with a GF Score™ of 33/100 and a GF Value™ of €0.11 (Significantly Overvalued). The stock has 4 warning signs investors should review.

H-Farm's change in receivables for the quarter that ended in Feb. 2026 was €5.38 Mil. It means H-Farm's Accounts Receivable declined by €5.38 Mil from Aug. 2025 to Feb. 2026 .

H-Farm's change in receivables for the fiscal year that ended in Aug. 2024 was €-1.70 Mil. It means H-Farm's Accounts Receivable increased by €1.70 Mil from Aug. 2023 to Aug. 2024 .

H-Farm's Accounts Receivable for the quarter that ended in Feb. 2026 was €6.29 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. H-Farm's Days Sales Outstanding for the six months ended in Feb. 2026 was 107.31.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. H-Farm's liquidation value for the six months ended in Feb. 2026 was €-6.85 Mil.

H-Farm (MIL:FARM) 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.

H-Farm's Days Sales Outstanding for the quarter that ended in Feb. 2026 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	6.285	/	10.689	*	91
=	107.31

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

H-Farm'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)
=	5.173	-	16.898	+	0.75 * 6.285	+	0.5 * 0.332
=	-6.85

* 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.

H-Farm Change In Receivables Related Terms

H-Farm Change In Receivables Historical Data

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The historical data trend for H-Farm's Change In Receivables can be seen below:

H-Farm Change In Receivables Chart

H-Farm Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Aug23

Aug24

Change In Receivables

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2.57

1.89

-3.37

0.59

-1.70

H-Farm Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Feb23	Aug23	Feb24	Aug24	Feb25	Aug25	Feb26
Change In Receivables	Get a 7-Day Free Trial															3.71	-5.42	5.83	-8.91	5.38

33GF Score

H-Farm MIL:FARM

Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.

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H-Farm 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 €-3.53 Mil.

Frequently Asked Questions Learn more about Change In Receivables →

What does a Change In Receivables of €-3.53 Mil mean?

H-Farm (MIL:FARM) has a Change In Receivables of €-3.53 Mil as of Feb. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for H-Farm and its competitors.

Is H-Farm's Change In Receivables too high?

H-Farm's current Change In Receivables is €-3.53 Mil. Overall, H-Farm has a GF Score™ of 33/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does H-Farm's Change In Receivables compare to BLK and BX?

H-Farm's Change In Receivables of €-3.53 Mil can be compared against companies in the Asset Management 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 an Asset Management company?

A good Change In Receivables depends on the Asset Management 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 H-Farm and its competitors. H-Farm's current Change In Receivables is €-3.53 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is H-Farm stock overvalued right now?

Based on GuruFocus' analysis, H-Farm (MIL:FARM) is currently considered Significantly Overvalued. The stock's GF Value™ is €0.11, compared to a current price of €0.22 — trading 100% above its estimated fair value. The current Change In Receivables is €-3.53 Mil. H-Farm's overall GF Score™ is 33/100 with 4 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 H-Farm (MIL:FARM), the current Change In Receivables is €-3.53 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 H-Farm (MIL:FARM) Overvalued in 2026?

Based on GuruFocus' analysis, H-Farm stock appears to be overvalued. The current stock price of €0.22 is trading 100% above its estimated GF Value™ of €0.11. GuruFocus considers H-Farm to be Significantly Overvalued.

Key valuation signals for MIL:FARM:

Change In Receivables: €-3.53 Mil
GF Value™: €0.11 vs. price of €0.22 (100% above fair value)
GF Score™: 33/100 with 4 warning signs

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

H-Farm Business Description

Industry Financial Services Asset Management

Comparable Companies MIL:CUBE MIL:SMCAP MIL:RFLTC MIL:ZEST MIL:ABC MIL:COP MIL:MET MIL:EPH MIL:CFM MIL:MTS BLK BX OSTO:INVE A TSX:BN KKR TSX:BAM APO STT AMP LSE:III

Other Exchanges 5JQ:Germany

Address Tenuta Ca \'Tron, Via Sile, 41 - 31056 Roncade, Treviso, ITA

Website http://www.h-farmventures.com

H-Farm Ventures SpA supports the creation of new business models through investments in start-ups, enables digital transformation by providing innovative methods and approaches in digital education.

33GF Score

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

€0.22

Price

€0.11

GF Value

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