NEC (NIPNF) Change In Receivables: $-697 Mil (TTM As of Mar. 2026)

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NIPNF NEC Corp NIPNF
75 GF Score
Price $27.03
GF Value $17.69
Valuation Significantly Overvalued
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What is NEC Change In Receivables?

NEC NIPNF 75 Change In Receivables is $-697 Mil as of Mar. 2026. GuruFocus rates NIPNF with a GF Score™ of 75/100 and a GF Value™ of $17.69 (Significantly Overvalued).

NEC's change in receivables for the quarter that ended in Mar. 2026 was $-3,164 Mil. It means NEC's Accounts Receivable increased by $3,164 Mil from Dec. 2025 to Mar. 2026 .

NEC's change in receivables for the fiscal year that ended in Mar. 2026 was $-911 Mil. It means NEC's Accounts Receivable increased by $911 Mil from Mar. 2025 to Mar. 2026 .

NEC's Accounts Receivable for the quarter that ended in Mar. 2026 was $6,264 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. NEC's Days Sales Outstanding for the three months ended in Mar. 2026 was 78.17.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. NEC's liquidation value for the three months ended in Mar. 2026 was $-4,199 Mil.


NEC  (OTCPK:NIPNF) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=6264.489/7312.807*91
=78.17

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

NEC'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)
=4332.514-13768.968+0.75 * 6264.489+0.5 * 1078.763
=-4,199

* 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.


NEC Change In Receivables Related Terms


NEC Change In Receivables Historical Data

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The historical data trend for NEC'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.

NEC Change In Receivables Chart

NEC Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 164.64 -924.58 -895.28 -129.69 -911.01

NEC 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 -1,919.73 2,715.05 -477.75 230.56 -3,164.47
NIPNF
75GF Score
NEC Corp NIPNF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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NEC 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 $-697 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 $-697 Mil mean?
NEC (NIPNF) has a Change In Receivables of $-697 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for NEC and its competitors.
Is NEC's Change In Receivables too high?
NEC's current Change In Receivables is $-697 Mil. Overall, NEC has a GF Score™ of 75/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NEC's Change In Receivables compare to IBM and ACN?
NEC's Change In Receivables of $-697 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 NEC and its competitors. NEC's current Change In Receivables is $-697 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NEC stock overvalued right now?
Based on GuruFocus' analysis, NEC (NIPNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $17.69, compared to a current price of $27.03 — trading 52.8% above its estimated fair value. The current Change In Receivables is $-697 Mil. NEC's overall GF Score™ is 75/100. 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 NEC (NIPNF), the current Change In Receivables is $-697 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 NEC (NIPNF) Overvalued in 2026?

Based on GuruFocus' analysis, NEC stock appears to be overvalued. The current stock price of $27.03 is trading 52.8% above its estimated GF Value™ of $17.69. GuruFocus considers NEC to be Significantly Overvalued.

Key valuation signals for NIPNF:

  • Change In Receivables: $-697 Mil
  • GF Value™: $17.69 vs. price of $27.03 (52.8% above fair value)
  • GF Score™: 75/100

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


NEC Business Description

Address 7-1, Shiba 5-chome, Minato-ku, Tokyo, JPN, 108-8001
NEC Corp is engaged in IT services, networks, social infrastructure, and solutions. The company operates through three segments: IT Services, Social Infrastructure, and Others. The IT Services segment provides system integration, consulting, maintenance, outsourcing, cloud services, system equipment, and software services. The Social Infrastructure segment offers network infrastructure, including core networks, mobile base stations, optical transmission systems, and marine systems, along with telecom software, OSS/BSS solutions, aerospace and defense system integration, and maintenance. The Others segment covers the development, manufacturing, and sales of system equipment. It generates the majority of its revenue from the IT Services segment.
75GF Score

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

$27.03
Price
$17.69
GF Value