MLLGF (Mullen Group) Change In Receivables: $-24 Mil (TTM As of Mar. 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.

MLLGF Mullen Group Ltd MLLGF
75 GF Score
Price $17.63
GF Value $11.64
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Mullen Group Change In Receivables?

Mullen Group MLLGF 75 Change In Receivables is $-24 Mil as of Mar. 2026. GuruFocus rates MLLGF with a GF Score™ of 75/100 and a GF Value™ of $11.64 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Mullen Group's change in receivables for the quarter that ended in Mar. 2026 was $-24 Mil. It means Mullen Group's Accounts Receivable increased by $24 Mil from Dec. 2025 to Mar. 2026 .

Mullen Group's change in receivables for the fiscal year that ended in Dec. 2025 was $0 Mil. It means Mullen Group's Accounts Receivable stayed the same from Dec. 2024 to Dec. 2025 .

Mullen Group's Accounts Receivable for the quarter that ended in Mar. 2026 was $207 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. Mullen Group's Days Sales Outstanding for the three months ended in Mar. 2026 was 47.43.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mullen Group's liquidation value for the three months ended in Mar. 2026 was $-779 Mil.

Mullen Group  (OTCPK:MLLGF) 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.

Mullen Group's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=207.499/399.195*91
=47.43

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

Mullen Group's liquidation value for the quarter that ended in Mar. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=103.316-1054.223+0.75 * 207.499+0.5 * 33.508
=-779

* 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.

Mullen Group Change In Receivables Related Terms

Mullen Group Change In Receivables Historical Data

* Premium members only.

The historical data trend for Mullen Group'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.

Mullen Group Change In Receivables Chart

Mullen Group 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 0.00 0.00 0.00 0.00 0.00

Mullen Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -7.51 0.00 0.00 0.00 -24.17
MLLGF
75GF Score
Mullen Group Ltd MLLGF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group 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 Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-24 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 $-24 Mil mean?
Mullen Group (MLLGF) has a Change In Receivables of $-24 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mullen Group and its competitors.
Is Mullen Group's Change In Receivables too high?
Mullen Group's current Change In Receivables is $-24 Mil. Overall, Mullen Group has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Change In Receivables compare to ODFL and XPO?
Mullen Group's Change In Receivables of $-24 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Change In Receivables depends on the Transportation 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 Mullen Group and its competitors. Mullen Group's current Change In Receivables is $-24 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.64, compared to a current price of $17.63 — trading 51.5% above its estimated fair value. The current Change In Receivables is $-24 Mil. Mullen Group's overall GF Score™ is 75/100 with 10 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 Mullen Group (MLLGF), the current Change In Receivables is $-24 Mil as of Mar. 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 Mullen Group (MLLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of $17.63 is trading 51.5% above its estimated GF Value™ of $11.64. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for MLLGF:

  • Change In Receivables: $-24 Mil
  • GF Value™: $11.64 vs. price of $17.63 (51.5% above fair value)
  • GF Score™: 75/100 with 10 warning signs

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

Mullen Group Business Description

Other Exchanges 9MU:GermanyMTL:Canada
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
75GF Score

Get the complete analysis for MLLGF

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

$17.63
Price
$11.64
GF Value