Ennogie Solar Group AS (OCSE:ESG) Change In Receivables: kr-12.09 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.

OCSE:ESG Ennogie Solar Group AS OCSE:ESG
31 GF Score
Price kr1.85
GF Value kr6.38
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is Ennogie Solar Group AS Change In Receivables?

Ennogie Solar Group AS OCSE:ESG +12.80% 31 Change In Receivables is kr-12.09 Mil as of Mar. 2026. GuruFocus rates OCSE:ESG with a GF Score™ of 31/100 and a GF Value™ of kr6.38 (Possible Value Trap). The stock has 5 warning signs investors should review.

Ennogie Solar Group AS's change in receivables for the quarter that ended in Mar. 2026 was kr8.86 Mil. It means Ennogie Solar Group AS's Accounts Receivable declined by kr8.86 Mil from Dec. 2025 to Mar. 2026 .

Ennogie Solar Group AS's change in receivables for the fiscal year that ended in Dec. 2025 was kr-19.79 Mil. It means Ennogie Solar Group AS's Accounts Receivable increased by kr19.79 Mil from Dec. 2024 to Dec. 2025 .

Ennogie Solar Group AS's Accounts Receivable for the quarter that ended in Mar. 2026 was kr8.88 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. Ennogie Solar Group AS's Days Sales Outstanding for the three months ended in Mar. 2026 was 173.53.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ennogie Solar Group AS's liquidation value for the three months ended in Mar. 2026 was kr-35.18 Mil.

Ennogie Solar Group AS  (OCSE:ESG) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=8.875/4.667*91
=173.53

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

Ennogie Solar Group AS'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)
=0.622-49.979+0.75 * 8.875+0.5 * 15.043
=-35.18

* 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.

Ennogie Solar Group AS Change In Receivables Related Terms

Ennogie Solar Group AS Change In Receivables Historical Data

* Premium members only.

The historical data trend for Ennogie Solar Group AS'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.

Ennogie Solar Group AS Change In Receivables Chart

Ennogie Solar Group AS 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 -2.09 -8.41 -6.25 3.31 -19.79

Ennogie Solar Group AS 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 1.16 -0.17 0.66 -21.44 8.86
OCSE:ESG
31GF Score
Ennogie Solar Group AS OCSE:ESG
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ennogie Solar Group AS 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-12.09 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-12.09 Mil mean?
Ennogie Solar Group AS (OCSE:ESG) has a Change In Receivables of kr-12.09 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Ennogie Solar Group AS and its competitors.
Is Ennogie Solar Group AS's Change In Receivables too high?
Ennogie Solar Group AS's current Change In Receivables is kr-12.09 Mil. Overall, Ennogie Solar Group AS has a GF Score™ of 31/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ennogie Solar Group AS's Change In Receivables compare to FSLR and NXT?
Ennogie Solar Group AS's Change In Receivables of kr-12.09 Mil can be compared against companies in the Semiconductors 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 Semiconductors company?
A good Change In Receivables depends on the Semiconductors 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 Ennogie Solar Group AS and its competitors. Ennogie Solar Group AS's current Change In Receivables is kr-12.09 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ennogie Solar Group AS stock overvalued right now?
Based on GuruFocus' analysis, Ennogie Solar Group AS (OCSE:ESG) is currently considered Possible Value Trap. The stock's GF Value™ is kr6.38, compared to a current price of kr1.85 — trading 71% below its estimated fair value. The current Change In Receivables is kr-12.09 Mil. Ennogie Solar Group AS's overall GF Score™ is 31/100 with 5 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 Ennogie Solar Group AS (OCSE:ESG), the current Change In Receivables is kr-12.09 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 Ennogie Solar Group AS (OCSE:ESG) Overvalued in 2026?

Based on GuruFocus' analysis, Ennogie Solar Group AS stock appears to be undervalued. The current stock price of kr1.85 is trading 71% below its estimated GF Value™ of kr6.38. GuruFocus considers Ennogie Solar Group AS to be Possible Value Trap.

Key valuation signals for OCSE:ESG:

  • Change In Receivables: kr-12.09 Mil
  • GF Value™: kr6.38 vs. price of kr1.85 (71% below fair value)
  • GF Score™: 31/100 with 5 warning signs

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

Ennogie Solar Group AS Business Description

Other Exchanges B0W:Germany
Address Orebygardvej 16, Herning, DNK, 7400
Ennogie Solar Group AS is a developer and manufacturer of building-integrated solar roofs. The design of the Ennogie solar roof matches well both for new constructions and older buildings.
31GF Score

Get the complete analysis for OCSE:ESG

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

kr1.85
Price
kr6.38
GF Value