THLLY (Thales) Change In Receivables: $-812 Mil (TTM As of Dec. 2025)

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THLLY Thales THLLY
89 GF Score
Price $50.87
GF Value $43.60
Valuation Modestly Overvalued
! 2 Warning Signs
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What is Thales Change In Receivables?

Thales THLLY +1.68% 89 Change In Receivables is $-812 Mil as of Dec. 2025. GuruFocus rates THLLY with a GF Score™ of 89/100 and a GF Value™ of $43.60 (Modestly Overvalued). The stock has 2 warning signs investors should review.

Thales's change in receivables for the quarter that ended in Dec. 2025 was $-308 Mil. It means Thales's Accounts Receivable increased by $308 Mil from Jun. 2025 to Dec. 2025 .

Thales's change in receivables for the fiscal year that ended in Dec. 2025 was $-820 Mil. It means Thales's Accounts Receivable increased by $820 Mil from Dec. 2024 to Dec. 2025 .

Thales's Accounts Receivable for the quarter that ended in Dec. 2025 was $4,647 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. Thales's Days Sales Outstanding for the six months ended in Dec. 2025 was 61.01.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Thales's liquidation value for the six months ended in Dec. 2025 was $-24,845 Mil.

Thales  (OTCPK:THLLY) 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.

Thales's Days Sales Outstanding for the quarter that ended in Dec. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=4647.424/13901.171*91
=61.01

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

Thales'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)
=5258.899-36496.136+0.75 * 4647.424+0.5 * 5812.881
=-24,845

* 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.

Thales Change In Receivables Related Terms

Thales Change In Receivables Historical Data

* Premium members only.

The historical data trend for Thales'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.

Thales Change In Receivables Chart

Thales 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 -1,195.03 -436.86 -1,054.53 -1,289.84 -819.91

Thales 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 0.00 0.00 0.00 -504.15 -308.08
THLLY
89GF Score
Thales THLLY
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Thales 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 $-812 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 $-812 Mil mean?
Thales (THLLY) has a Change In Receivables of $-812 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Thales and its competitors.
Is Thales' Change In Receivables too high?
Thales' current Change In Receivables is $-812 Mil. Overall, Thales has a GF Score™ of 89/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Thales' Change In Receivables compare to SPCX and GE?
Thales' Change In Receivables of $-812 Mil can be compared against companies in the Aerospace & Defense 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 Aerospace & Defense company?
A good Change In Receivables depends on the Aerospace & Defense 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 Thales and its competitors. Thales's current Change In Receivables is $-812 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thales stock overvalued right now?
Based on GuruFocus' analysis, Thales (THLLY) is currently considered Modestly Overvalued. The stock's GF Value™ is $43.60, compared to a current price of $50.87 — trading 16.7% above its estimated fair value. The current Change In Receivables is $-812 Mil. Thales' overall GF Score™ is 89/100 with 2 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 Thales (THLLY), the current Change In Receivables is $-812 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 Thales (THLLY) Overvalued in 2026?

Based on GuruFocus' analysis, Thales stock appears to be overvalued. The current stock price of $50.87 is trading 16.7% above its estimated GF Value™ of $43.60. GuruFocus considers Thales to be Modestly Overvalued.

Key valuation signals for THLLY:

  • Change In Receivables: $-812 Mil
  • GF Value™: $43.60 vs. price of $50.87 (16.7% above fair value)
  • GF Score™: 89/100 with 2 warning signs

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

Thales Business Description

Address 4, rue de la Verrerie, Meudon, FRA, 92190
Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors. The company has three segments: defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; aerospace sells avionics and satellites to the civil, defense, and governmental markets; and digital identity and security provides biometric, data, and identity security solutions, payments services, and the manufacturing of SIM cards.
89GF Score

Get the complete analysis for THLLY

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

$50.87
Price
$43.60
GF Value