Nomura Real Estate Master Fund (TSE:3462) Change In Receivables: 円-34 Mil (TTM As of Feb. 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.

TSE:3462 Nomura Real Estate Master Fund Inc TSE:3462
53 GF Score
Price 円143,300.00
GF Value 円160,802.75
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Nomura Real Estate Master Fund Change In Receivables?

Nomura Real Estate Master Fund TSE:3462 -0.07% 53 Change In Receivables is 円-34 Mil as of Feb. 2026. GuruFocus rates TSE:3462 with a GF Score™ of 53/100 and a GF Value™ of 円160,802.75 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Nomura Real Estate Master Fund's change in receivables for the quarter that ended in Feb. 2026 was 円296 Mil. It means Nomura Real Estate Master Fund's Accounts Receivable declined by 円296 Mil from Aug. 2025 to Feb. 2026 .

Nomura Real Estate Master Fund's change in receivables for the fiscal year that ended in Aug. 2024 was 円-165 Mil. It means Nomura Real Estate Master Fund's Accounts Receivable increased by 円165 Mil from Aug. 2023 to Aug. 2024 .

Nomura Real Estate Master Fund's Accounts Receivable for the quarter that ended in Feb. 2026 was 円0 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. Nomura Real Estate Master Fund's Days Sales Outstanding for the six months ended in Feb. 2026 was 0.00.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Nomura Real Estate Master Fund's liquidation value for the six months ended in Feb. 2026 was 円-524,853 Mil.


Nomura Real Estate Master Fund  (TSE:3462) 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.

Nomura Real Estate Master Fund's Days Sales Outstanding for the quarter that ended in Feb. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=/41186.131*91
=0.00

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

Nomura Real Estate Master Fund's liquidation value for the quarter that ended in Feb. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=55016.76-579869.478+0.75 * +0.5 * 0
=-524,853

* 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.


Nomura Real Estate Master Fund Change In Receivables Related Terms


Nomura Real Estate Master Fund Change In Receivables Historical Data

* Premium members only.

The historical data trend for Nomura Real Estate Master Fund'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.

Nomura Real Estate Master Fund Change In Receivables Chart

Nomura Real Estate Master Fund Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 284.20 308.25 -46.61 -23.88 -165.10

Nomura Real Estate Master Fund Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 31.83 -196.93 48.70 -329.52 295.72
TSE:3462
53GF Score
Nomura Real Estate Master Fund Inc TSE:3462
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nomura Real Estate Master Fund 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 Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円-34 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 円-34 Mil mean?
Nomura Real Estate Master Fund (TSE:3462) has a Change In Receivables of 円-34 Mil as of Feb. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Nomura Real Estate Master Fund and its competitors.
Is Nomura Real Estate Master Fund's Change In Receivables too high?
Nomura Real Estate Master Fund's current Change In Receivables is 円-34 Mil. Overall, Nomura Real Estate Master Fund has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nomura Real Estate Master Fund's Change In Receivables compare to SPG and O?
Nomura Real Estate Master Fund's Change In Receivables of 円-34 Mil can be compared against companies in the REITs 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 REITs company?
A good Change In Receivables depends on the REITs 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 Nomura Real Estate Master Fund and its competitors. Nomura Real Estate Master Fund's current Change In Receivables is 円-34 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nomura Real Estate Master Fund stock overvalued right now?
Based on GuruFocus' analysis, Nomura Real Estate Master Fund (TSE:3462) is currently considered Modestly Undervalued. The stock's GF Value™ is 円160,802.75, compared to a current price of 円143,300.00 — trading 10.9% below its estimated fair value. The current Change In Receivables is 円-34 Mil. Nomura Real Estate Master Fund's overall GF Score™ is 53/100 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 Nomura Real Estate Master Fund (TSE:3462), the current Change In Receivables is 円-34 Mil as of Feb. 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 Nomura Real Estate Master Fund (TSE:3462) Overvalued in 2026?

Based on GuruFocus' analysis, Nomura Real Estate Master Fund stock appears to be undervalued. The current stock price of 円143,300.00 is trading 10.9% below its estimated GF Value™ of 円160,802.75. GuruFocus considers Nomura Real Estate Master Fund to be Modestly Undervalued.

Key valuation signals for TSE:3462:

  • Change In Receivables: 円-34 Mil
  • GF Value™: 円160,802.75 vs. price of 円143,300.00 (10.9% below fair value)
  • GF Score™: 53/100 with 5 warning signs

No single metric tells the full story. See the TSE:3462 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nomura Real Estate Master Fund Business Description

Industry Real EstateREITs
Address 1-13-1 Nihonbashi, Chuo-ku, Tokyo, JPN, 103-8645
Nomura Real Estate Master Fund Inc is a Japanese based company operates as a real estate investment trust. It is implementing medium- to long-term management Strategy, to achieve securing stable income over the medium to long term period, also ensures the steady growth of assets under management. The company invests in logistic facilities and commercial facilities in the Tokyo metropolitan area. It is managed by the fund manager Nomura Real Estate Asset Management Co Ltd.
53GF Score

Get the complete analysis for TSE:3462

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

円143,300.00
Price
円160,802.75
GF Value