Spindox SpA (MIL:SPN) Change In Receivables: €-2.8 Mil (TTM As of Jun. 2025)

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MIL:SPN Spindox SpA MIL:SPN
57 GF Score
Price €12.95
GF Value €10.82
! 8 Warning Signs
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What is Spindox SpA Change In Receivables?

Spindox SpA MIL:SPN 57 Change In Receivables is €-2.8 Mil as of Jun. 2025. GuruFocus rates MIL:SPN with a GF Score™ of 57/100 and a GF Value™ of €10.82. The stock has 8 warning signs investors should review.

Spindox SpA's change in receivables for the quarter that ended in Jun. 2025 was €-2.8 Mil. It means Spindox SpA's Accounts Receivable increased by €2.8 Mil from Dec. 2024 to Jun. 2025 .

Spindox SpA's change in receivables for the fiscal year that ended in Dec. 2024 was €8.4 Mil. It means Spindox SpA's Accounts Receivable declined by €8.4 Mil from Dec. 2023 to Dec. 2024 .

Spindox SpA's Accounts Receivable for the quarter that ended in Jun. 2025 was €28.0 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. Spindox SpA's Days Sales Outstanding for the six months ended in Jun. 2025 was 98.86.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Spindox SpA's liquidation value for the six months ended in Jun. 2025 was €-18.9 Mil.


Spindox SpA  (MIL:SPN) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=27.997/51.684*91
=98.86

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

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

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=15.517-55.401+0.75 * 27.997+0.5 * 0
=-18.9

* 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.


Spindox SpA Change In Receivables Related Terms


Spindox SpA Change In Receivables Historical Data

* Premium members only.

The historical data trend for Spindox 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.

Spindox SpA Change In Receivables Chart

Spindox SpA Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Change In Receivables
Get a 7-Day Free Trial -2.63 -2.17 -9.79 -1.35 8.38

Spindox SpA Semi-Annual Data
Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.35 0.00 8.38 0.00 -2.83
MIL:SPN
57GF Score
Spindox SpA MIL:SPN
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Spindox 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-2.8 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 €-2.8 Mil mean?
Spindox SpA (MIL:SPN) has a Change In Receivables of €-2.8 Mil as of Jun. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Spindox SpA and its competitors.
Is Spindox SpA's Change In Receivables too high?
Spindox SpA's current Change In Receivables is €-2.8 Mil. Overall, Spindox SpA has a GF Score™ of 57/100, reflecting its overall financial health beyond just this single metric.
How does Spindox SpA's Change In Receivables compare to IBM and ACN?
Spindox SpA's Change In Receivables of €-2.8 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 Spindox SpA and its competitors. Spindox SpA's current Change In Receivables is €-2.8 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spindox SpA stock overvalued right now?
Spindox SpA (MIL:SPN) has a current Change In Receivables of €-2.8 Mil. The stock's GF Value™ is €10.82, compared to a current price of €12.95 — trading 19.7% above its estimated fair value. The current Change In Receivables is €-2.8 Mil. Spindox SpA's overall GF Score™ is 57/100 with 8 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 Spindox SpA (MIL:SPN), the current Change In Receivables is €-2.8 Mil as of Jun. 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 Spindox SpA (MIL:SPN) Overvalued in 2026?

Based on GuruFocus' analysis, Spindox SpA stock appears to be overvalued. The current stock price of €12.95 is trading 19.7% above its estimated GF Value™ of €10.82.

Key valuation signals for MIL:SPN:

  • Change In Receivables: €-2.8 Mil
  • GF Value™: €10.82 vs. price of €12.95 (19.7% above fair value)
  • GF Score™: 57/100 with 8 warning signs

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


Spindox SpA Business Description

Address via Bisceglie 76, Milan, ITA, 20152
Spindox SpA operates in the Information and Communication Technology services and products market. It offers consulting, IT and network engineering services, AI technological solutions, and research support in the Italian market.
57GF Score

Get the complete analysis for MIL:SPN

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

€12.95
Price
€10.82
GF Value