NESR (National Energy Services Reunited) Change In Receivables: $-114 Mil (TTM As of Mar. 2026)

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NESR National Energy Services Reunited Corp NESR
62 GF Score
Price $26.87
GF Value $10.96
Valuation Significantly Overvalued
! 6 Warning Signs
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What is National Energy Services Reunited Change In Receivables?

National Energy Services Reunited NESR -2.72% 62 Change In Receivables is $-114 Mil as of Mar. 2026. GuruFocus rates NESR with a GF Score™ of 62/100 and a GF Value™ of $10.96 (Significantly Overvalued). The stock has 6 warning signs investors should review.

National Energy Services Reunited's change in receivables for the quarter that ended in Mar. 2026 was $-101 Mil. It means National Energy Services Reunited's Accounts Receivable increased by $101 Mil from Dec. 2025 to Mar. 2026 .

National Energy Services Reunited's change in receivables for the fiscal year that ended in Dec. 2025 was $-59 Mil. It means National Energy Services Reunited's Accounts Receivable increased by $59 Mil from Dec. 2024 to Dec. 2025 .

National Energy Services Reunited's Accounts Receivable for the quarter that ended in Mar. 2026 was $228 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. National Energy Services Reunited's Days Sales Outstanding for the three months ended in Mar. 2026 was 51.41.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. National Energy Services Reunited's liquidation value for the three months ended in Mar. 2026 was $-617 Mil.


National Energy Services Reunited  (NAS:NESR) 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.

National Energy Services Reunited's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=227.932/404.586*91
=51.41

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

National Energy Services Reunited'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)
=92.956-928.721+0.75 * 227.932+0.5 * 96.206
=-617

* 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.


National Energy Services Reunited Change In Receivables Related Terms


National Energy Services Reunited Change In Receivables Historical Data

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The historical data trend for National Energy Services Reunited'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.

National Energy Services Reunited Change In Receivables Chart

National Energy Services Reunited Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only 47.80 -30.96 -8.78 9.42 -58.93

National Energy Services Reunited Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Dec22 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 -45.86 -10.04 -14.90 11.86 -100.55
NESR
62GF Score
National Energy Services Reunited Corp NESR
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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National Energy Services Reunited 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 $-114 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 $-114 Mil mean?
National Energy Services Reunited (NESR) has a Change In Receivables of $-114 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for National Energy Services Reunited and its competitors.
Is National Energy Services Reunited's Change In Receivables too high?
National Energy Services Reunited's current Change In Receivables is $-114 Mil. Overall, National Energy Services Reunited has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Energy Services Reunited's Change In Receivables compare to LBRT and WTTR?
National Energy Services Reunited's Change In Receivables of $-114 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas 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 National Energy Services Reunited and its competitors. National Energy Services Reunited's current Change In Receivables is $-114 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Energy Services Reunited stock overvalued right now?
Based on GuruFocus' analysis, National Energy Services Reunited (NESR) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.96, compared to a current price of $26.87 — trading 145.2% above its estimated fair value. The current Change In Receivables is $-114 Mil. National Energy Services Reunited's overall GF Score™ is 62/100 with 6 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 National Energy Services Reunited (NESR), the current Change In Receivables is $-114 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 National Energy Services Reunited (NESR) Overvalued in 2026?

Based on GuruFocus' analysis, National Energy Services Reunited stock appears to be overvalued. The current stock price of $26.87 is trading 145.2% above its estimated GF Value™ of $10.96. GuruFocus considers National Energy Services Reunited to be Significantly Overvalued.

Key valuation signals for NESR:

  • Change In Receivables: $-114 Mil
  • GF Value™: $10.96 vs. price of $26.87 (145.2% above fair value)
  • GF Score™: 62/100 with 6 warning signs

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


National Energy Services Reunited Business Description

Industry EnergyOil & Gas
Address 777 Post Oak Boulevard, Suite 730, 7th Floor, Houston, TX, USA, 77056
National Energy Services Reunited Corp is an oilfield services provider in the Middle East and North Africa (MENA) region serving oil and natural gas companies. It provides upstream and midstream oilfield services, including hydraulic fracturing, coiled tubing, stimulation and pumping, cementing, as well as drilling and evaluation services such as rigs, directional drilling, drilling and completion fluids, pressure control, and well testing. Its segments are Production Services, which includes services during the completion and production stages of a well's lifecycle and generates maximum revenue, and Drilling and Evaluation Services, which includes services related to drilling operations during the well construction stage. The majority of revenue is generated from the MENA region.
62GF Score

Get the complete analysis for NESR

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

$26.87
Price
$10.96
GF Value