IPAS Indexo (ORSE:IDX1R) Change In Receivables: €-6.03 Mil (TTM As of Jun. 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.

ORSE:IDX1R IPAS Indexo ORSE:IDX1R
67 GF Score
Price €9.26
GF Value €12.67
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is IPAS Indexo Change In Receivables?

IPAS Indexo ORSE:IDX1R 67 Change In Receivables is €-6.03 Mil as of Jun. 2026. GuruFocus rates ORSE:IDX1R with a GF Score™ of 67/100 and a GF Value™ of €12.67 (Modestly Undervalued). The stock has 8 warning signs investors should review.

IPAS Indexo's change in receivables for the quarter that ended in Jun. 2026 was €0.00 Mil. It means IPAS Indexo's Accounts Receivable stayed the same from Mar. 2026 to Jun. 2026 .

IPAS Indexo's change in receivables for the fiscal year that ended in Dec. 2025 was €0.00 Mil. It means IPAS Indexo's Accounts Receivable stayed the same from Dec. 2024 to Dec. 2025 .

IPAS Indexo's Accounts Receivable for the quarter that ended in Jun. 2026 was €0.00 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. IPAS Indexo's Days Sales Outstanding for the three months ended in Jun. 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. IPAS Indexo's liquidation value for the three months ended in Jun. 2026 was €-239.21 Mil.


IPAS Indexo  (ORSE:IDX1R) 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.

IPAS Indexo's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=/23.93*91
=0.00

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

IPAS Indexo's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=38.637-279.454+0.75 * +0.5 * 3.22
=-239.21

* 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.


IPAS Indexo Change In Receivables Related Terms


IPAS Indexo Change In Receivables Historical Data

* Premium members only.

The historical data trend for IPAS Indexo'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.

IPAS Indexo Change In Receivables Chart

IPAS Indexo Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Receivables
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

IPAS Indexo Quarterly Data
Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.00 0.00 0.00 0.00 0.00
ORSE:IDX1R
67GF Score
IPAS Indexo ORSE:IDX1R
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPAS Indexo 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-6.03 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 €-6.03 Mil mean?
IPAS Indexo (ORSE:IDX1R) has a Change In Receivables of €-6.03 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for IPAS Indexo and its competitors.
Is IPAS Indexo's Change In Receivables too high?
IPAS Indexo's current Change In Receivables is €-6.03 Mil. Overall, IPAS Indexo has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's Change In Receivables compare to BLK and BX?
IPAS Indexo's Change In Receivables of €-6.03 Mil can be compared against companies in the Asset Management 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 Asset Management company?
A good Change In Receivables depends on the Asset Management 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 IPAS Indexo and its competitors. IPAS Indexo's current Change In Receivables is €-6.03 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
Based on GuruFocus' analysis, IPAS Indexo (ORSE:IDX1R) is currently considered Modestly Undervalued. The stock's GF Value™ is €12.67, compared to a current price of €9.26 — trading 26.9% below its estimated fair value. The current Change In Receivables is €-6.03 Mil. IPAS Indexo's overall GF Score™ is 67/100 with 8 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 IPAS Indexo (ORSE:IDX1R), the current Change In Receivables is €-6.03 Mil as of Jun. 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 IPAS Indexo (ORSE:IDX1R) Overvalued in 2026?

Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued. The current stock price of €9.26 is trading 26.9% below its estimated GF Value™ of €12.67. GuruFocus considers IPAS Indexo to be Modestly Undervalued.

Key valuation signals for ORSE:IDX1R:

  • Change In Receivables: €-6.03 Mil
  • GF Value™: €12.67 vs. price of €9.26 (26.9% below fair value)
  • GF Score™: 67/100 with 8 warning signs

No single metric tells the full story. See the ORSE:IDX1R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IPAS Indexo Business Description

Other Exchanges S9S:Germany
Address 1 Roberta Hirsa Street, Riga, LVA, 1045
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
67GF Score

Get the complete analysis for ORSE:IDX1R

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

€9.26
Price
€12.67
GF Value