Africa Resources AB (NGM:AFRI) Change In Receivables: kr-0.01 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.

NGM:AFRI Africa Resources AB NGM:AFRI
28 GF Score
Price kr0.14
GF Value kr0.57
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Africa Resources AB Change In Receivables?

Africa Resources AB NGM:AFRI +2.88% 28 Change In Receivables is kr-0.01 Mil as of Mar. 2026. GuruFocus rates NGM:AFRI with a GF Score™ of 28/100 and a GF Value™ of kr0.57 (Possible Value Trap). The stock has 3 warning signs investors should review.

Africa Resources AB's change in receivables for the quarter that ended in Mar. 2026 was kr-0.05 Mil. It means Africa Resources AB's Accounts Receivable increased by kr0.05 Mil from Dec. 2025 to Mar. 2026 .

Africa Resources AB's change in receivables for the fiscal year that ended in Dec. 2025 was kr0.03 Mil. It means Africa Resources AB's Accounts Receivable declined by kr0.03 Mil from Dec. 2024 to Dec. 2025 .

Africa Resources AB's Accounts Receivable for the quarter that ended in Mar. 2026 was kr0.00 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. Africa Resources AB's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Africa Resources AB's liquidation value for the three months ended in Mar. 2026 was kr-7.12 Mil.

Africa Resources AB  (NGM:AFRI) 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.

Africa Resources AB's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=0/0.72*91
=0.00

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

Africa Resources AB'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)
=0.018-7.134+0.75 * 0+0.5 * 0
=-7.12

* 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.

Africa Resources AB Change In Receivables Related Terms

Africa Resources AB Change In Receivables Historical Data

* Premium members only.

The historical data trend for Africa Resources AB'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.

Africa Resources AB Change In Receivables Chart

Africa Resources AB Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial Premium Member Only 0.05 0.04 -0.00 0.01 0.03

Africa Resources AB 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 -0.01 0.02 0.02 0.00 -0.05
NGM:AFRI
28GF Score
Africa Resources AB NGM:AFRI
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Africa Resources AB 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 kr-0.01 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 kr-0.01 Mil mean?
Africa Resources AB (NGM:AFRI) has a Change In Receivables of kr-0.01 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Africa Resources AB and its competitors.
Is Africa Resources AB's Change In Receivables too high?
Africa Resources AB's current Change In Receivables is kr-0.01 Mil. Overall, Africa Resources AB has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Africa Resources AB's Change In Receivables compare to HL and SIND?
Africa Resources AB's Change In Receivables of kr-0.01 Mil can be compared against companies in the Metals & Mining 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 Metals & Mining company?
A good Change In Receivables depends on the Metals & Mining 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 Africa Resources AB and its competitors. Africa Resources AB's current Change In Receivables is kr-0.01 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Africa Resources AB stock overvalued right now?
Based on GuruFocus' analysis, Africa Resources AB (NGM:AFRI) is currently considered Possible Value Trap. The stock's GF Value™ is kr0.57, compared to a current price of kr0.14 — trading 74.9% below its estimated fair value. The current Change In Receivables is kr-0.01 Mil. Africa Resources AB's overall GF Score™ is 28/100 with 3 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 Africa Resources AB (NGM:AFRI), the current Change In Receivables is kr-0.01 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 Africa Resources AB (NGM:AFRI) Overvalued in 2026?

Based on GuruFocus' analysis, Africa Resources AB stock appears to be undervalued. The current stock price of kr0.14 is trading 74.9% below its estimated GF Value™ of kr0.57. GuruFocus considers Africa Resources AB to be Possible Value Trap.

Key valuation signals for NGM:AFRI:

  • Change In Receivables: kr-0.01 Mil
  • GF Value™: kr0.57 vs. price of kr0.14 (74.9% below fair value)
  • GF Score™: 28/100 with 3 warning signs

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

Africa Resources AB Business Description

Address Engelbrektsgatan 7, 1 trp, Stockholm, SWE, 11432
Africa Resources AB is engaged in exploration and extraction of minerals in Africa. The company is developing projects based on collaborations with local expertise and partners.
28GF Score

Get the complete analysis for NGM:AFRI

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

kr0.14
Price
kr0.57
GF Value