TGSNF (TGS ASA) Change In Receivables: $-5 Mil (TTM As of Mar. 2026)

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TGSNF TGS ASA TGSNF
78 GF Score
Price $13.55
GF Value $11.45
Valuation Modestly Overvalued
! 3 Warning Signs
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What is TGS ASA Change In Receivables?

TGS ASA TGSNF 78 Change In Receivables is $-5 Mil as of Mar. 2026. GuruFocus rates TGSNF with a GF Score™ of 78/100 and a GF Value™ of $11.45 (Modestly Overvalued). The stock has 3 warning signs investors should review.

TGS ASA's change in receivables for the quarter that ended in Mar. 2026 was $60 Mil. It means TGS ASA's Accounts Receivable declined by $60 Mil from Dec. 2025 to Mar. 2026 .

TGS ASA's change in receivables for the fiscal year that ended in Dec. 2025 was $69 Mil. It means TGS ASA's Accounts Receivable declined by $69 Mil from Dec. 2024 to Dec. 2025 .

TGS ASA's Accounts Receivable for the quarter that ended in Mar. 2026 was $113 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. TGS ASA's Days Sales Outstanding for the three months ended in Mar. 2026 was 35.97.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TGS ASA's liquidation value for the three months ended in Mar. 2026 was $-1,680 Mil.

TGS ASA  (OTCPK:TGSNF) 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.

TGS ASA's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=113.1/286.9*91
=35.97

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

TGS ASA'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)
=184-1948.8+0.75 * 113.1+0.5 * 0
=-1,680

* 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.

TGS ASA Change In Receivables Related Terms

TGS ASA Change In Receivables Historical Data

* Premium members only.

The historical data trend for TGS ASA'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.

TGS ASA Change In Receivables Chart

TGS ASA 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 147.36 -12.41 74.26 -75.00 69.30

TGS ASA 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 134.30 3.60 25.70 -94.30 60.40
TGSNF
78GF Score
TGS ASA TGSNF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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TGS ASA 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 $-5 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 $-5 Mil mean?
TGS ASA (TGSNF) has a Change In Receivables of $-5 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TGS ASA and its competitors.
Is TGS ASA's Change In Receivables too high?
TGS ASA's current Change In Receivables is $-5 Mil. Overall, TGS ASA has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TGS ASA's Change In Receivables compare to SLB and BKR?
TGS ASA's Change In Receivables of $-5 Mil can be compared against companies in the Oil & Gas 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 Oil & Gas company?
A good Change In Receivables depends on the Oil & Gas 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 TGS ASA and its competitors. TGS ASA's current Change In Receivables is $-5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TGS ASA stock overvalued right now?
Based on GuruFocus' analysis, TGS ASA (TGSNF) is currently considered Modestly Overvalued. The stock's GF Value™ is $11.45, compared to a current price of $13.55 — trading 18.3% above its estimated fair value. The current Change In Receivables is $-5 Mil. TGS ASA's overall GF Score™ is 78/100 with 3 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 TGS ASA (TGSNF), the current Change In Receivables is $-5 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 TGS ASA (TGSNF) Overvalued in 2026?

Based on GuruFocus' analysis, TGS ASA stock appears to be overvalued. The current stock price of $13.55 is trading 18.3% above its estimated GF Value™ of $11.45. GuruFocus considers TGS ASA to be Modestly Overvalued.

Key valuation signals for TGSNF:

  • Change In Receivables: $-5 Mil
  • GF Value™: $11.45 vs. price of $13.55 (18.3% above fair value)
  • GF Score™: 78/100 with 3 warning signs

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

TGS ASA Business Description

Industry EnergyOil & Gas
Address 10451 Clay Road, Houston, TX, USA, 77041
TGS ASA provides energy data and related services, offering technology and solutions that support decision-making across the energy value chain, including exploration and production activities. The company's business activities are organized in the following segments: Multi-client, Marine Data Acquisition (MDA), Imaging, New Energy Solutions (NES), and Shared Services. The majority of the company's revenue is derived from the Multi-client sales segment, which initiates, acquires, processes, markets and sells energy data to multiple customers on a non-exclusive basis. Geographically, it generates the maximum revenue from Africa and the Middle East.
78GF Score

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

$13.55
Price
$11.45
GF Value