Mercari (TSE:4385) Change In Receivables: 円-108,732 Mil (TTM As of Jun. 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:4385 Mercari Inc TSE:4385
60 GF Score
Price 円4,619.00
GF Value 円3,106.56
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Mercari Change In Receivables?

Mercari TSE:4385 -0.30% 60 Change In Receivables is 円-108,732 Mil as of Jun. 2026. GuruFocus rates TSE:4385 with a GF Score™ of 60/100 and a GF Value™ of 円3,106.56 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Mercari's change in receivables for the quarter that ended in Jun. 2026 was 円-26,407 Mil. It means Mercari's Accounts Receivable increased by 円26,407 Mil from Mar. 2026 to Jun. 2026 .

Mercari's change in receivables for the fiscal year that ended in Jun. 2026 was 円-108,732 Mil. It means Mercari's Accounts Receivable increased by 円108,732 Mil from Jun. 2025 to Jun. 2026 .

Mercari's Accounts Receivable for the quarter that ended in Jun. 2026 was 円363,953 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. Mercari's Days Sales Outstanding for the three months ended in Jun. 2026 was 535.64.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Mercari's liquidation value for the three months ended in Jun. 2026 was 円-1,305 Mil.


Mercari  (TSE:4385) 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.

Mercari's Days Sales Outstanding for the quarter that ended in Jun. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=363953/62002*91
=535.64

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

Mercari's liquidation value for the quarter that ended in Jun. 2026 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=314885-589155+0.75 * 363953+0.5 * 0
=-1,305

* 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.


Mercari Change In Receivables Related Terms


Mercari Change In Receivables Historical Data

* Premium members only.

The historical data trend for Mercari'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.

Mercari Change In Receivables Chart

Mercari Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25 Jun26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only Premium Member Only -35,152.00 -46,324.00 -68,635.00 0.00 -108,732.00

Mercari Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -19,531.00 -34,687.00 -28,107.00 -26,407.00
TSE:4385
60GF Score
Mercari Inc TSE:4385
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mercari 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 Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was 円-108,732 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-108,732 Mil mean?
Mercari (TSE:4385) has a Change In Receivables of 円-108,732 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Mercari and its competitors.
Is Mercari's Change In Receivables too high?
Mercari's current Change In Receivables is 円-108,732 Mil. Overall, Mercari has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercari's Change In Receivables compare to AMZN and BABA?
Mercari's Change In Receivables of 円-108,732 Mil can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?
A good Change In Receivables depends on the Retail - Cyclical 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 Mercari and its competitors. Mercari's current Change In Receivables is 円-108,732 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercari stock overvalued right now?
Based on GuruFocus' analysis, Mercari (TSE:4385) is currently considered Significantly Overvalued. The stock's GF Value™ is 円3,106.56, compared to a current price of 円4,619.00 — trading 48.7% above its estimated fair value. The current Change In Receivables is 円-108,732 Mil. Mercari's overall GF Score™ is 60/100 with 7 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 Mercari (TSE:4385), the current Change In Receivables is 円-108,732 Mil as of Jun. 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 Mercari (TSE:4385) Overvalued in 2026?

Based on GuruFocus' analysis, Mercari stock appears to be overvalued. The current stock price of 円4,619.00 is trading 48.7% above its estimated GF Value™ of 円3,106.56. GuruFocus considers Mercari to be Significantly Overvalued.

Key valuation signals for TSE:4385:

  • Change In Receivables: 円-108,732 Mil
  • GF Value™: 円3,106.56 vs. price of 円4,619.00 (48.7% above fair value)
  • GF Score™: 60/100 with 7 warning signs

No single metric tells the full story. See the TSE:4385 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mercari Business Description

Other Exchanges MCARY:USA6TP:Germany
Address 6-10-1 Roppongi, 18th Floor, Roppongi Hills Mori Tower, Minato-ku, Tokyo, JPN, 106-6118
Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.
60GF Score

Get the complete analysis for TSE:4385

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

円4,619.00
Price
円3,106.56
GF Value