Vario Secure (TSE:4494) Change In Receivables: 円-77 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:4494 Vario Secure Inc TSE:4494
50 GF Score
Price 円680.00
GF Value 円760.08
! 5 Warning Signs
View Full Analysis

What is Vario Secure Change In Receivables?

Vario Secure TSE:4494 +3.98% 50 Change In Receivables is 円-77 Mil as of Feb. 2026. GuruFocus rates TSE:4494 with a GF Score™ of 50/100 and a GF Value™ of 円760.08. The stock has 5 warning signs investors should review.

Vario Secure's change in receivables for the quarter that ended in Feb. 2026 was 円-18 Mil. It means Vario Secure's Accounts Receivable increased by 円18 Mil from Aug. 2025 to Feb. 2026 .

Vario Secure's change in receivables for the fiscal year that ended in Feb. 2026 was 円-77 Mil. It means Vario Secure's Accounts Receivable increased by 円77 Mil from Feb. 2025 to Feb. 2026 .

Vario Secure's Accounts Receivable for the quarter that ended in Feb. 2026 was 円529 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. Vario Secure's Days Sales Outstanding for the three months ended in Feb. 2026 was 33.91.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Vario Secure's liquidation value for the three months ended in Feb. 2026 was 円-47 Mil.

Vario Secure  (TSE:4494) 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.

Vario Secure's Days Sales Outstanding for the quarter that ended in Feb. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=528.946/1423.283*91
=33.91

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

Vario Secure'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)
=973.433-1521.132+0.75 * 528.946+0.5 * 208.894
=-47

* 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.

Vario Secure Change In Receivables Related Terms

Vario Secure Change In Receivables Historical Data

* Premium members only.

The historical data trend for Vario Secure'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.

Vario Secure Change In Receivables Chart

Vario Secure Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Change In Receivables
Get a 7-Day Free Trial Premium Member Only -3.43 20.84 -14.31 6.14 -76.87

Vario Secure Quarterly Data
Feb18 Feb19 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 4.91 -22.48 28.62 -59.08 -17.79
TSE:4494
50GF Score
Vario Secure Inc TSE:4494
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vario Secure 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 quarterly data reported by the company within the most recent 12 months, which was 円-77 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-77 Mil mean?
Vario Secure (TSE:4494) has a Change In Receivables of 円-77 Mil as of Feb. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Vario Secure and its competitors.
Is Vario Secure's Change In Receivables too high?
Vario Secure's current Change In Receivables is 円-77 Mil. Overall, Vario Secure has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Vario Secure's Change In Receivables compare to MSFT and ORCL?
Vario Secure's Change In Receivables of 円-77 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 Vario Secure and its competitors. Vario Secure's current Change In Receivables is 円-77 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vario Secure stock overvalued right now?
Vario Secure (TSE:4494) has a current Change In Receivables of 円-77 Mil. The stock's GF Value™ is 円760.08, compared to a current price of 円680.00 — trading 10.5% below its estimated fair value. The current Change In Receivables is 円-77 Mil. Vario Secure's overall GF Score™ is 50/100 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 Vario Secure (TSE:4494), the current Change In Receivables is 円-77 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 Vario Secure (TSE:4494) Overvalued in 2026?

Based on GuruFocus' analysis, Vario Secure stock appears to be undervalued. The current stock price of 円680.00 is trading 10.5% below its estimated GF Value™ of 円760.08.

Key valuation signals for TSE:4494:

  • Change In Receivables: 円-77 Mil
  • GF Value™: 円760.08 vs. price of 円680.00 (10.5% below fair value)
  • GF Score™: 50/100 with 5 warning signs

No single metric tells the full story. See the TSE:4494 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Vario Secure Business Description

Address 1-6 Kanda Nishikicho, Chiyoda-ku, Tokyo, JPN, 101-0054
Vario Secure Inc is engaged in providing internet security services that protect the network environment of enterprises from various threats arising from internet usage, by utilizing its in-house developed security instruments and operating system. The company provides one-stop security services, from installation and implementation to operation, monitoring, and support, for small and medium-sized enterprises that struggle to spare dedicated personnel for IT issues, which are becoming increasingly sophisticated and complicated daily. The Company operates in a single segment, the Internet security services business.
50GF Score

Get the complete analysis for TSE:4494

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

円680.00
Price
円760.08
GF Value