Thien Viet Securities JSC (STC:TVS) Change In Receivables: ₫161,705 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.

STC:TVS Thien Viet Securities JSC STC:TVS
77 GF Score
Price ₫14,150.00
GF Value ₫12,774.68
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Thien Viet Securities JSC Change In Receivables?

Thien Viet Securities JSC STC:TVS +1.07% 77 Change In Receivables is ₫161,705 Mil as of Jun. 2026. GuruFocus rates STC:TVS with a GF Score™ of 77/100 and a GF Value™ of ₫12,774.68 (Modestly Overvalued). The stock has 7 warning signs investors should review.

Thien Viet Securities JSC's change in receivables for the quarter that ended in Jun. 2026 was ₫47,699 Mil. It means Thien Viet Securities JSC's Accounts Receivable declined by ₫47,699 Mil from Mar. 2026 to Jun. 2026 .

Thien Viet Securities JSC's change in receivables for the fiscal year that ended in Dec. 2025 was ₫201,505 Mil. It means Thien Viet Securities JSC's Accounts Receivable declined by ₫201,505 Mil from Dec. 2024 to Dec. 2025 .

Thien Viet Securities JSC's Accounts Receivable for the quarter that ended in Jun. 2026 was ₫151,388 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. Thien Viet Securities JSC's Days Sales Outstanding for the three months ended in Jun. 2026 was 109.90.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thien Viet Securities JSC's liquidation value for the three months ended in Jun. 2026 was ₫1,687,495 Mil.


Thien Viet Securities JSC  (STC:TVS) 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.

Thien Viet Securities JSC's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=151387.95/125695.283*91
=109.90

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

Thien Viet Securities JSC'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)
=5748646.904-4174704.863+0.75 * 151387.95+0.5 * 24.442
=1,687,495

* 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.


Thien Viet Securities JSC Change In Receivables Related Terms


Thien Viet Securities JSC Change In Receivables Historical Data

* Premium members only.

The historical data trend for Thien Viet Securities JSC'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.

Thien Viet Securities JSC Change In Receivables Chart

Thien Viet Securities JSC 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 -203,533.31 409,891.32 36,660.41 -596,645.05 201,504.90

Thien Viet Securities JSC Quarterly Data
Sep21 Dec21 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 Premium Member Only Premium Member Only 122,008.03 -5,595.28 -125,769.21 245,370.95 47,698.59
STC:TVS
77GF Score
Thien Viet Securities JSC STC:TVS
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Thien Viet Securities JSC 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 ₫161,705 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 ₫161,705 Mil mean?
Thien Viet Securities JSC (STC:TVS) has a Change In Receivables of ₫161,705 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Thien Viet Securities JSC and its competitors.
Is Thien Viet Securities JSC's Change In Receivables too high?
Thien Viet Securities JSC's current Change In Receivables is ₫161,705 Mil. Overall, Thien Viet Securities JSC has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thien Viet Securities JSC's Change In Receivables compare to MS and GS?
Thien Viet Securities JSC's Change In Receivables of ₫161,705 Mil can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Change In Receivables depends on the Capital Markets 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 Thien Viet Securities JSC and its competitors. Thien Viet Securities JSC's current Change In Receivables is ₫161,705 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thien Viet Securities JSC stock overvalued right now?
Based on GuruFocus' analysis, Thien Viet Securities JSC (STC:TVS) is currently considered Modestly Overvalued. The stock's GF Value™ is ₫12,774.68, compared to a current price of ₫14,150.00 — trading 10.8% above its estimated fair value. The current Change In Receivables is ₫161,705 Mil. Thien Viet Securities JSC's overall GF Score™ is 77/100 with 7 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 Thien Viet Securities JSC (STC:TVS), the current Change In Receivables is ₫161,705 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 Thien Viet Securities JSC (STC:TVS) Overvalued in 2026?

Based on GuruFocus' analysis, Thien Viet Securities JSC stock appears to be overvalued. The current stock price of ₫14,150.00 is trading 10.8% above its estimated GF Value™ of ₫12,774.68. GuruFocus considers Thien Viet Securities JSC to be Modestly Overvalued.

Key valuation signals for STC:TVS:

  • Change In Receivables: ₫161,705 Mil
  • GF Value™: ₫12,774.68 vs. price of ₫14,150.00 (10.8% above fair value)
  • GF Score™: 77/100 with 7 warning signs

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


Thien Viet Securities JSC Business Description

Address No. 4 Lang Ha Street, Giang Vo Ward, 15th Floor, HAREC Building, Hanoi, VNM
Thien Viet Securities JSC is engaged in the provision of financial advisory, investment banking, brokerage, research, and investment services. It also provides proprietary trading, financial and securities investment consulting, securities underwriting, and securities depository services.
77GF Score

Get the complete analysis for STC:TVS

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

₫14,150.00
Price
₫12,774.68
GF Value