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.
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.
Siav SpA's change in receivables for the quarter that ended in Dec. 2025 was €0.78 Mil. It means Siav SpA's Accounts Receivable
declined by €0.78 Mil
from Jun. 2025 to Dec. 2025 .
Siav SpA's change in receivables for the fiscal year that ended in Dec. 2025 was €-1.88 Mil. It means Siav SpA's Accounts Receivable
increased by €1.88 Mil
from Dec. 2024 to Dec. 2025 .
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.
Siav SpA's Days Sales Outstanding for the
six
months ended in Dec. 2025 was 126.33.
In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Siav SpA's liquidation value for the
six
months ended in Dec. 2025 was €-28.08 Mil.
Siav SpA (MIL:SIAV) 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.
Siav SpA's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:
* 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.
Siav SpA Change In Receivables Related Terms
Siav SpA Change In Receivables Historical Data
* Premium members only.
The historical data trend for Siav 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.
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 €-1.88 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.
What does a Change In Receivables of €-1.88 Mil mean?
Siav SpA (MIL:SIAV) has a Change In Receivables of €-1.88 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Siav SpA and its competitors.
Is Siav SpA's Change In Receivables too high?
Siav SpA's current Change In Receivables is €-1.88 Mil. Overall, Siav SpA has a GF Score™ of 72/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Siav SpA's Change In Receivables compare to QH and SHOP?
Siav SpA's Change In Receivables of €-1.88 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 Siav SpA and its competitors. Siav SpA's current Change In Receivables is €-1.88 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Siav SpA stock overvalued right now?
Based on GuruFocus' analysis, Siav SpA (MIL:SIAV) is currently considered Fairly Valued. The stock's GF Value™ is €2.71, compared to a current price of €2.92 — trading 7.7% above its estimated fair value. The current Change In Receivables is €-1.88 Mil. Siav SpA's overall GF Score™ is 72/100 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 Siav SpA (MIL:SIAV), the current Change In Receivables is €-1.88 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 Siav SpA (MIL:SIAV) Overvalued in 2026?
Based on GuruFocus' analysis, Siav SpA stock appears to be overvalued.
The current stock price of €2.92 is trading 7.7% above its estimated GF Value™ of €2.71.
GuruFocus considers Siav SpA to be Fairly Valued.
Key valuation signals for MIL:SIAV:
Change In Receivables: €-1.88 Mil
GF Value™: €2.71 vs. price of €2.92 (7.7% above fair value)
No single metric tells the full story. See the MIL:SIAV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Siav SpA is a software and IT service company specializing in dematerialization, document management, and digital processes. It offers software platforms such as Archiflow Nova, Siav Connect, and Siav Frame for information and process management; Vertical software and solutions that deal with specific topics such as Silloge, Checker, MyCreditService, etc., and outsourcing services such as dematerialization and replacement storage of documents, managed through a proprietary solution (Virgilio), and B2B electronic invoicing. The company's operating segments are based on the market it operates in and include the Private Market, Central Public Administration Market (CPA), Local Public Administration Market (PAL), and Channel Market.
72GF Score
Get the complete analysis for MIL:SIAV
Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:SIAV has been successfully added to your 
