PharmaNutra SpA (MIL:PHN) Change In Receivables: €-6.5 Mil (TTM As of Jun. 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.

MIL:PHN PharmaNutra SpA MIL:PHN
87 GF Score
Price €73.30
GF Value €74.24
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is PharmaNutra SpA Change In Receivables?

PharmaNutra SpA MIL:PHN 87 Change In Receivables is €-6.5 Mil as of Jun. 2026. GuruFocus rates MIL:PHN with a GF Score™ of 87/100 and a GF Value™ of €74.24 (Fairly Valued). The stock has 2 warning signs investors should review.

PharmaNutra SpA's change in receivables for the quarter that ended in Jun. 2026 was €-6.7 Mil. It means PharmaNutra SpA's Accounts Receivable increased by €6.7 Mil from Mar. 2026 to Jun. 2026 .

PharmaNutra SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-3.2 Mil. It means PharmaNutra SpA's Accounts Receivable increased by €3.2 Mil from Dec. 2024 to Dec. 2025 .

PharmaNutra SpA's Accounts Receivable for the quarter that ended in Jun. 2026 was €34.9 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. PharmaNutra SpA's Days Sales Outstanding for the three months ended in Jun. 2026 was 79.08.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. PharmaNutra SpA's liquidation value for the three months ended in Jun. 2026 was €-3.8 Mil.

PharmaNutra SpA  (MIL:PHN) 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.

PharmaNutra SpA's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=34.882/40.248*91
=79.08

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

PharmaNutra SpA's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=15.137-51.374+0.75 * 34.882+0.5 * 12.643
=-3.8

* 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.

PharmaNutra SpA Change In Receivables Related Terms

PharmaNutra SpA Change In Receivables Historical Data

* Premium members only.

The historical data trend for PharmaNutra 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.

PharmaNutra SpA Change In Receivables Chart

PharmaNutra 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 -1.09 -6.28 3.19 -2.41 -3.16

PharmaNutra SpA Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -4.76 1.41 2.11 -3.31 -6.69
MIL:PHN
87GF Score
PharmaNutra SpA MIL:PHN
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PharmaNutra 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-6.5 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 €-6.5 Mil mean?
PharmaNutra SpA (MIL:PHN) has a Change In Receivables of €-6.5 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for PharmaNutra SpA and its competitors.
Is PharmaNutra SpA's Change In Receivables too high?
PharmaNutra SpA's current Change In Receivables is €-6.5 Mil. Overall, PharmaNutra SpA has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does PharmaNutra SpA's Change In Receivables compare to ZTS and UTHR?
PharmaNutra SpA's Change In Receivables of €-6.5 Mil can be compared against companies in the Drug Manufacturers 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 Drug Manufacturers company?
A good Change In Receivables depends on the Drug Manufacturers 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 PharmaNutra SpA and its competitors. PharmaNutra SpA's current Change In Receivables is €-6.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PharmaNutra SpA stock overvalued right now?
Based on GuruFocus' analysis, PharmaNutra SpA (MIL:PHN) is currently considered Fairly Valued. The stock's GF Value™ is €74.24, compared to a current price of €73.30 — trading 1.3% below its estimated fair value. The current Change In Receivables is €-6.5 Mil. PharmaNutra SpA's overall GF Score™ is 87/100 with 2 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 PharmaNutra SpA (MIL:PHN), the current Change In Receivables is €-6.5 Mil as of Jun. 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 PharmaNutra SpA (MIL:PHN) Overvalued in 2026?

Based on GuruFocus' analysis, PharmaNutra SpA stock appears to be undervalued. The current stock price of €73.30 is trading 1.3% below its estimated GF Value™ of €74.24. GuruFocus considers PharmaNutra SpA to be Fairly Valued.

Key valuation signals for MIL:PHN:

  • Change In Receivables: €-6.5 Mil
  • GF Value™: €74.24 vs. price of €73.30 (1.3% below fair value)
  • GF Score™: 87/100 with 2 warning signs

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

PharmaNutra SpA Business Description

Other Exchanges PHNm:UK761:Germany
Address Via Campodavela 1, Pisa, ITA, 56122
PharmaNutra SpA is a pharmaceutical company. The company is engaged in the research, design, development, and marketing of nutraceutical supplements and medical devices. The products of the company include SiderAL Folic, UltraMag, Cetilar, and others. The company operates in Europe, the Middle East, South America, the Far East, and other regions.
87GF Score

Get the complete analysis for MIL:PHN

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

€73.30
Price
€74.24
GF Value