Ad-Sol Nissin (TSE:3837) Change In Receivables: 円-305 Mil (TTM As of Mar. 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:3837 Ad-Sol Nissin Corp TSE:3837
95 GF Score
Price 円1,305.00
GF Value 円1,287.36
Valuation Fairly Valued
View Full Analysis

What is Ad-Sol Nissin Change In Receivables?

Ad-Sol Nissin TSE:3837 -1.95% 95 Change In Receivables is 円-305 Mil as of Mar. 2026. GuruFocus rates TSE:3837 with a GF Score™ of 95/100 and a GF Value™ of 円1,287.36 (Fairly Valued).

Ad-Sol Nissin's change in receivables for the quarter that ended in Mar. 2026 was 円177 Mil. It means Ad-Sol Nissin's Accounts Receivable declined by 円177 Mil from Sep. 2025 to Mar. 2026 .

Ad-Sol Nissin's change in receivables for the fiscal year that ended in Mar. 2026 was 円-305 Mil. It means Ad-Sol Nissin's Accounts Receivable increased by 円305 Mil from Mar. 2025 to Mar. 2026 .

Ad-Sol Nissin's Accounts Receivable for the quarter that ended in Mar. 2026 was 円3,055 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. Ad-Sol Nissin's Days Sales Outstanding for the six months ended in Mar. 2026 was 64.50.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Ad-Sol Nissin's liquidation value for the six months ended in Mar. 2026 was 円1,918 Mil.


Ad-Sol Nissin  (TSE:3837) 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.

Ad-Sol Nissin's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=3055.008/8644.589*91
=64.50

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

Ad-Sol Nissin'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)
=2941.405-3326.179+0.75 * 3055.008+0.5 * 23.067
=1,918

* 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.


Ad-Sol Nissin Change In Receivables Related Terms


Ad-Sol Nissin Change In Receivables Historical Data

* Premium members only.

The historical data trend for Ad-Sol Nissin'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.

Ad-Sol Nissin Change In Receivables Chart

Ad-Sol Nissin Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,435.32 -439.46 -641.11 -254.10 -305.23

Ad-Sol Nissin Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -577.69 -446.55 192.45 -482.13 176.91
TSE:3837
95GF Score
Ad-Sol Nissin Corp TSE:3837
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ad-Sol Nissin 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 semi-annually data reported by the company within the most recent 12 months, which was 円-305 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-305 Mil mean?
Ad-Sol Nissin (TSE:3837) has a Change In Receivables of 円-305 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Ad-Sol Nissin and its competitors.
Is Ad-Sol Nissin's Change In Receivables too high?
Ad-Sol Nissin's current Change In Receivables is 円-305 Mil. Overall, Ad-Sol Nissin has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ad-Sol Nissin's Change In Receivables compare to IBM and ACN?
Ad-Sol Nissin's Change In Receivables of 円-305 Mil can be compared against companies in the Software 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 Software company?
A good Change In Receivables depends on the Software 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 Ad-Sol Nissin and its competitors. Ad-Sol Nissin's current Change In Receivables is 円-305 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ad-Sol Nissin stock overvalued right now?
Based on GuruFocus' analysis, Ad-Sol Nissin (TSE:3837) is currently considered Fairly Valued. The stock's GF Value™ is 円1,287.36, compared to a current price of 円1,305.00 — trading 1.4% above its estimated fair value. The current Change In Receivables is 円-305 Mil. Ad-Sol Nissin's overall GF Score™ is 95/100. 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 Ad-Sol Nissin (TSE:3837), the current Change In Receivables is 円-305 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 Ad-Sol Nissin (TSE:3837) Overvalued in 2026?

Based on GuruFocus' analysis, Ad-Sol Nissin stock appears to be overvalued. The current stock price of 円1,305.00 is trading 1.4% above its estimated GF Value™ of 円1,287.36. GuruFocus considers Ad-Sol Nissin to be Fairly Valued.

Key valuation signals for TSE:3837:

  • Change In Receivables: 円-305 Mil
  • GF Value™: 円1,287.36 vs. price of 円1,305.00 (1.4% above fair value)
  • GF Score™: 95/100

No single metric tells the full story. See the TSE:3837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ad-Sol Nissin Business Description

Address 1-8 Konan 4-chome, Rivage Shinagawa, Minato-ku, Tokyo, JPN, 108-0075
Ad-Sol Nissin Corp develops information systems for enterprises. The company's segments include: Social Infrastructure Business, Advanced Industry Business. The Social Infrastructure Business develops system integration services in social infrastructures such as energy, road, aerospace, and others. Advanced Industry Business promotes Next Generation EV Vehicle, Industrial Equipment, and others.
95GF Score

Get the complete analysis for TSE:3837

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

円1,305.00
Price
円1,287.36
GF Value