Partners Group Holding AG (STU:P2H) Change In Receivables: €-115 Mil (TTM As of Dec. 2025)

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STU:P2H Partners Group Holding AG STU:P2H
73 GF Score
Price €764.80
GF Value €1,422.26
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Partners Group Holding AG Change In Receivables?

Partners Group Holding AG STU:P2H +0.03% 73 Change In Receivables is €-115 Mil as of Dec. 2025. GuruFocus rates STU:P2H with a GF Score™ of 73/100 and a GF Value™ of €1,422.26 (Significantly Undervalued). The stock has 4 warning signs investors should review.

Partners Group Holding AG's change in receivables for the quarter that ended in Dec. 2025 was €-141 Mil. It means Partners Group Holding AG's Accounts Receivable increased by €141 Mil from Jun. 2025 to Dec. 2025 .

Partners Group Holding AG's change in receivables for the fiscal year that ended in Dec. 2025 was €-115 Mil. It means Partners Group Holding AG's Accounts Receivable increased by €115 Mil from Dec. 2024 to Dec. 2025 .

Partners Group Holding AG's Accounts Receivable for the quarter that ended in Dec. 2025 was €289 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. Partners Group Holding AG's Days Sales Outstanding for the six months ended in Dec. 2025 was 36.74.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Partners Group Holding AG's liquidation value for the six months ended in Dec. 2025 was €-3,933 Mil.

Partners Group Holding AG  (STU:P2H) 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.

Partners Group Holding AG's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=289.346/1437.408*91
=36.74

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

Partners Group Holding AG's liquidation value for the quarter that ended in Dec. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=352.359-4502.013+0.75 * 289.346+0.5 * 0
=-3,933

* 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.

Partners Group Holding AG Change In Receivables Related Terms

Partners Group Holding AG Change In Receivables Historical Data

* Premium members only.

The historical data trend for Partners Group Holding AG'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.

Partners Group Holding AG Change In Receivables Chart

Partners Group Holding AG 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 -963.80 121.09 -633.14 -358.82 -114.88

Partners Group Holding AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -647.88 264.42 -631.31 26.01 -141.03
STU:P2H
73GF Score
Partners Group Holding AG STU:P2H
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Partners Group Holding AG 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 Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was €-115 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 €-115 Mil mean?
Partners Group Holding AG (STU:P2H) has a Change In Receivables of €-115 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Partners Group Holding AG and its competitors.
Is Partners Group Holding AG's Change In Receivables too high?
Partners Group Holding AG's current Change In Receivables is €-115 Mil. Overall, Partners Group Holding AG has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Partners Group Holding AG's Change In Receivables compare to BLK and BX?
Partners Group Holding AG's Change In Receivables of €-115 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 Partners Group Holding AG and its competitors. Partners Group Holding AG's current Change In Receivables is €-115 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Partners Group Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Partners Group Holding AG (STU:P2H) is currently considered Significantly Undervalued. The stock's GF Value™ is €1,422.26, compared to a current price of €764.80 — trading 46.2% below its estimated fair value. The current Change In Receivables is €-115 Mil. Partners Group Holding AG's overall GF Score™ is 73/100 with 4 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 Partners Group Holding AG (STU:P2H), the current Change In Receivables is €-115 Mil as of Dec. 2025. 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 Partners Group Holding AG (STU:P2H) Overvalued in 2026?

Based on GuruFocus' analysis, Partners Group Holding AG stock appears to be undervalued. The current stock price of €764.80 is trading 46.2% below its estimated GF Value™ of €1,422.26. GuruFocus considers Partners Group Holding AG to be Significantly Undervalued.

Key valuation signals for STU:P2H:

  • Change In Receivables: €-115 Mil
  • GF Value™: €1,422.26 vs. price of €764.80 (46.2% below fair value)
  • GF Score™: 73/100 with 4 warning signs

No single metric tells the full story. See the STU:P2H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Partners Group Holding AG Business Description

Address Unternehmer-Park 3, Baar, Zug, CHE, 6340
Partners Group is a Swiss-based global alternative asset manager founded in 1996. It manages funds invested in private equity, private credit, real estate, and infrastructure. Most of Partners Group's assets are invested in Europe and the Americas, with a smaller exposure to Asia and the Middle East. Partners Group operates a differentiated business model, offering bespoke client solutions through diversified portfolios tailored to each client individually, semiliquid open-ended funds, alongside traditional closed-end funds.
73GF Score

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

€764.80
Price
€1,422.26
GF Value