Manila Electric Co (PHS:MER) Change In Receivables: ₱12,774 Mil (TTM As of Mar. 2026)


PHS:MER Manila Electric Co PHS:MER
95 GF Score
Price ₱578.00
GF Value ₱530.34
Valuation Fairly Valued
! 6 Warning Signs
View Full Analysis

What is Manila Electric Co Change In Receivables?

Manila Electric Co PHS:MER +0.35% 95 Change In Receivables is ₱12,774 Mil as of Mar. 2026. GuruFocus rates PHS:MER with a GF Score™ of 95/100 and a GF Value™ of ₱530.34 (Fairly Valued). The stock has 6 warning signs investors should review.

Manila Electric Co's change in receivables for the quarter that ended in Mar. 2026 was ₱3,017 Mil. It means Manila Electric Co's Accounts Receivable declined by ₱3,017 Mil from Dec. 2025 to Mar. 2026 .

Manila Electric Co's change in receivables for the fiscal year that ended in Dec. 2025 was ₱6,825 Mil. It means Manila Electric Co's Accounts Receivable declined by ₱6,825 Mil from Dec. 2024 to Dec. 2025 .

Manila Electric Co's Accounts Receivable for the quarter that ended in Mar. 2026 was ₱57,961 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. Manila Electric Co's Days Sales Outstanding for the three months ended in Mar. 2026 was 43.79.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Manila Electric Co's liquidation value for the three months ended in Mar. 2026 was ₱-450,966 Mil.


Manila Electric Co  (PHS:MER) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=57961/120779*91
=43.79

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

Manila Electric Co'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)
=113068-612919+0.75 * 57961+0.5 * 10828
=-450,966

* 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.


Manila Electric Co Change In Receivables Related Terms


Manila Electric Co Change In Receivables Historical Data

* Premium members only.

The historical data trend for Manila Electric Co'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.

Manila Electric Co Change In Receivables Chart

Manila Electric Co 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 11,127.00 -15,083.00 9,138.00 -25,335.00 6,825.00

Manila Electric Co 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 -2,932.00 -6,232.00 -16,069.00 32,058.00 3,017.00
PHS:MER
95GF Score
Manila Electric Co PHS:MER
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manila Electric Co 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 ₱12,774 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 ₱12,774 Mil mean?
Manila Electric Co (PHS:MER) has a Change In Receivables of ₱12,774 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Manila Electric Co and its competitors.
Is Manila Electric Co's Change In Receivables too high?
Manila Electric Co's current Change In Receivables is ₱12,774 Mil. Overall, Manila Electric Co has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Manila Electric Co's Change In Receivables compare to NEE and SO?
Manila Electric Co's Change In Receivables of ₱12,774 Mil can be compared against companies in the Utilities - Regulated 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 Utilities - Regulated company?
A good Change In Receivables depends on the Utilities - Regulated 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 Manila Electric Co and its competitors. Manila Electric Co's current Change In Receivables is ₱12,774 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manila Electric Co stock overvalued right now?
Based on GuruFocus' analysis, Manila Electric Co (PHS:MER) is currently considered Fairly Valued. The stock's GF Value™ is ₱530.34, compared to a current price of ₱578.00 — trading 9% above its estimated fair value. The current Change In Receivables is ₱12,774 Mil. Manila Electric Co's overall GF Score™ is 95/100 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 Manila Electric Co (PHS:MER), the current Change In Receivables is ₱12,774 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 Manila Electric Co (PHS:MER) Overvalued in 2026?

Based on GuruFocus' analysis, Manila Electric Co stock appears to be overvalued. The current stock price of ₱578.00 is trading 9% above its estimated GF Value™ of ₱530.34. GuruFocus considers Manila Electric Co to be Fairly Valued.

Key valuation signals for PHS:MER:

  • Change In Receivables: ₱12,774 Mil
  • GF Value™: ₱530.34 vs. price of ₱578.00 (9% above fair value)
  • GF Score™: 95/100 with 6 warning signs

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


Manila Electric Co Business Description

Other Exchanges MERVF:USAMAEOY:USA
Address Ortigas Avenue, Lopez Building, Barangay Ugong, Pasig, PHL, 1605
Manila Electric Co is an electric utility company operating in the Philippines. Along with its subsidiaries, it is mainly engaged in the distribution and sale of electric energy through the distribution network facilities in its franchise area. The company's market is categorized into four classes, namely, residential, commercial, industrial, and streetlights. Additionally, it is involved in certain unregulated activities, which consist of power generation; retail electricity supply (RES); energy infrastructure, payment fulfilment, bills collection, after-the-meter and energy management, telecommunications services, insurance and re-insurance, and other businesses. The group's reportable segments are: Power and Other Services. The majority of its revenue is derived from the Power segment.
95GF Score

Get the complete analysis for PHS:MER

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

₱578.00
Price
₱530.34
GF Value