TSDOF (Tessenderlo Group NV) Change In Receivables: $-11 Mil (TTM As of Dec. 2025)

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.

TSDOF Tessenderlo Group NV TSDOF
62 GF Score
Price $25.18
GF Value $28.79
! 5 Warning Signs
View Full Analysis

What is Tessenderlo Group NV Change In Receivables?

Tessenderlo Group NV TSDOF 62 Change In Receivables is $-11 Mil as of Dec. 2025. GuruFocus rates TSDOF with a GF Score™ of 62/100 and a GF Value™ of $28.79. The stock has 5 warning signs investors should review.

Tessenderlo Group NV's change in receivables for the quarter that ended in Dec. 2025 was $83 Mil. It means Tessenderlo Group NV's Accounts Receivable declined by $83 Mil from Jun. 2025 to Dec. 2025 .

Tessenderlo Group NV's change in receivables for the fiscal year that ended in Dec. 2025 was $-12 Mil. It means Tessenderlo Group NV's Accounts Receivable increased by $12 Mil from Dec. 2024 to Dec. 2025 .

Tessenderlo Group NV's Accounts Receivable for the quarter that ended in Dec. 2025 was $429 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. Tessenderlo Group NV's Days Sales Outstanding for the six months ended in Dec. 2025 was 52.46.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Tessenderlo Group NV's liquidation value for the six months ended in Dec. 2025 was $-281 Mil.


Tessenderlo Group NV  (OTCPK:TSDOF) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=429.391/1493.794*91
=52.46

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

Tessenderlo Group NV'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)
=185.012-1098.595+0.75 * 429.391+0.5 * 621.663
=-281

* 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.


Tessenderlo Group NV Change In Receivables Related Terms


Tessenderlo Group NV Change In Receivables Historical Data

* Premium members only.

The historical data trend for Tessenderlo Group NV'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.

Tessenderlo Group NV Change In Receivables Chart

Tessenderlo Group NV 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 -107.01 -38.45 64.23 34.03 -12.41

Tessenderlo Group NV 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 88.77 -54.25 86.81 -93.77 82.79
TSDOF
62GF Score
Tessenderlo Group NV TSDOF
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tessenderlo Group NV 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 $-11 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 $-11 Mil mean?
Tessenderlo Group NV (TSDOF) has a Change In Receivables of $-11 Mil as of Dec. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Tessenderlo Group NV and its competitors.
Is Tessenderlo Group NV's Change In Receivables too high?
Tessenderlo Group NV's current Change In Receivables is $-11 Mil. Overall, Tessenderlo Group NV has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Tessenderlo Group NV's Change In Receivables compare to CTVA and CF?
Tessenderlo Group NV's Change In Receivables of $-11 Mil can be compared against companies in the Agriculture 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 Agriculture company?
A good Change In Receivables depends on the Agriculture 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 Tessenderlo Group NV and its competitors. Tessenderlo Group NV's current Change In Receivables is $-11 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tessenderlo Group NV stock overvalued right now?
Tessenderlo Group NV (TSDOF) has a current Change In Receivables of $-11 Mil. The stock's GF Value™ is $28.79, compared to a current price of $25.18 — trading 12.5% below its estimated fair value. The current Change In Receivables is $-11 Mil. Tessenderlo Group NV's overall GF Score™ is 62/100 with 5 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 Tessenderlo Group NV (TSDOF), the current Change In Receivables is $-11 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 Tessenderlo Group NV (TSDOF) Overvalued in 2026?

Based on GuruFocus' analysis, Tessenderlo Group NV stock appears to be undervalued. The current stock price of $25.18 is trading 12.5% below its estimated GF Value™ of $28.79.

Key valuation signals for TSDOF:

  • Change In Receivables: $-11 Mil
  • GF Value™: $28.79 vs. price of $25.18 (12.5% below fair value)
  • GF Score™: 62/100 with 5 warning signs

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


Tessenderlo Group NV Business Description

Address Troonstraat 130 Rue du Trone, Brussels, BEL, 1050
Tessenderlo Group NV focuses on agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and providing industrial solutions with a focus on water. The firm produces and sells products across five segments: Agro, Industrial Solutions, Bio-Valorization, T-Power, and Machines & Technologies. The majority of its revenue comes from the Agro segment. The Agro segment encompasses activities in agriculture, including crop nutrition and crop protection products. This segment includes the business units Tessenderlo Kerley North America, Tessenderlo Kerley International, and Violleau. Its geographical segments include Europe, North America, South America, Asia, and the rest of the world, with Europe generating the maximum revenue.
62GF Score

Get the complete analysis for TSDOF

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

$25.18
Price
$28.79
GF Value