Harbor Star Shipping Services (PHS:TUGS) Change In Receivables: ₱92 Mil (TTM As of Mar. 2026)

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PHS:TUGS Harbor Star Shipping Services Inc PHS:TUGS
56 GF Score
Price ₱1.02
GF Value ₱0.61
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Harbor Star Shipping Services Change In Receivables?

Harbor Star Shipping Services PHS:TUGS +0.99% 56 Change In Receivables is ₱92 Mil as of Mar. 2026. GuruFocus rates PHS:TUGS with a GF Score™ of 56/100 and a GF Value™ of ₱0.61 (Significantly Overvalued). The stock has 10 warning signs investors should review.

Harbor Star Shipping Services's change in receivables for the quarter that ended in Mar. 2026 was ₱-64 Mil. It means Harbor Star Shipping Services's Accounts Receivable increased by ₱64 Mil from Dec. 2025 to Mar. 2026 .

Harbor Star Shipping Services's change in receivables for the fiscal year that ended in Dec. 2025 was ₱39 Mil. It means Harbor Star Shipping Services's Accounts Receivable declined by ₱39 Mil from Dec. 2024 to Dec. 2025 .

Harbor Star Shipping Services's Accounts Receivable for the quarter that ended in Mar. 2026 was ₱1,208 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. Harbor Star Shipping Services's Days Sales Outstanding for the three months ended in Mar. 2026 was 180.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Harbor Star Shipping Services's liquidation value for the three months ended in Mar. 2026 was ₱-3,563 Mil.

Harbor Star Shipping Services  (PHS:TUGS) 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.

Harbor Star Shipping Services's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1207.928/610.671*91
=180.50

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

Harbor Star Shipping Services'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)
=250.646-4719.184+0.75 * 1207.928+0.5 * 0
=-3,563

* 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.

Harbor Star Shipping Services Change In Receivables Related Terms

Harbor Star Shipping Services Change In Receivables Historical Data

* Premium members only.

The historical data trend for Harbor Star Shipping Services'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.

Harbor Star Shipping Services Change In Receivables Chart

Harbor Star Shipping Services 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 -315.25 -400.62 -127.47 -44.47 39.01

Harbor Star Shipping Services 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 -117.01 81.86 88.58 -14.42 -63.94
PHS:TUGS
56GF Score
Harbor Star Shipping Services Inc PHS:TUGS
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Harbor Star Shipping Services 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 ₱92 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 ₱92 Mil mean?
Harbor Star Shipping Services (PHS:TUGS) has a Change In Receivables of ₱92 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Harbor Star Shipping Services and its competitors.
Is Harbor Star Shipping Services' Change In Receivables too high?
Harbor Star Shipping Services' current Change In Receivables is ₱92 Mil. Overall, Harbor Star Shipping Services has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Star Shipping Services' Change In Receivables compare to competitors?
Harbor Star Shipping Services' Change In Receivables of ₱92 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Change In Receivables depends on the Transportation 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 Harbor Star Shipping Services and its competitors. Harbor Star Shipping Services's current Change In Receivables is ₱92 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Star Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, Harbor Star Shipping Services (PHS:TUGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱1.02 — trading 67.2% above its estimated fair value. The current Change In Receivables is ₱92 Mil. Harbor Star Shipping Services' overall GF Score™ is 56/100 with 10 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 Harbor Star Shipping Services (PHS:TUGS), the current Change In Receivables is ₱92 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 Harbor Star Shipping Services (PHS:TUGS) Overvalued in 2026?

Based on GuruFocus' analysis, Harbor Star Shipping Services stock appears to be overvalued. The current stock price of ₱1.02 is trading 67.2% above its estimated GF Value™ of ₱0.61. GuruFocus considers Harbor Star Shipping Services to be Significantly Overvalued.

Key valuation signals for PHS:TUGS:

  • Change In Receivables: ₱92 Mil
  • GF Value™: ₱0.61 vs. price of ₱1.02 (67.2% above fair value)
  • GF Score™: 56/100 with 10 warning signs

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

Harbor Star Shipping Services Business Description

Address 2224 A. Bonifacio Street corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving, and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments: Harbor assistance and Renewable energy. It generates maximum revenue from the Harbor assistance segment.
56GF Score

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

₱1.02
Price
₱0.61
GF Value