VSTECS Bhd (XKLS:5162) Change In Receivables: RM-219 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.

XKLS:5162 VSTECS Bhd XKLS:5162
75 GF Score
Price RM1.83
GF Value RM1.56
Valuation Modestly Overvalued
! 1 Warning Sign
View Full Analysis

What is VSTECS Bhd Change In Receivables?

VSTECS Bhd XKLS:5162 +1.67% 75 Change In Receivables is RM-219 Mil as of Mar. 2026. GuruFocus rates XKLS:5162 with a GF Score™ of 75/100 and a GF Value™ of RM1.56 (Modestly Overvalued). The stock has 1 warning sign investors should review.

VSTECS Bhd's change in receivables for the quarter that ended in Mar. 2026 was RM48 Mil. It means VSTECS Bhd's Accounts Receivable declined by RM48 Mil from Dec. 2025 to Mar. 2026 .

VSTECS Bhd's change in receivables for the fiscal year that ended in Dec. 2025 was RM-212 Mil. It means VSTECS Bhd's Accounts Receivable increased by RM212 Mil from Dec. 2024 to Dec. 2025 .

VSTECS Bhd's Accounts Receivable for the quarter that ended in Mar. 2026 was RM583 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. VSTECS Bhd's Days Sales Outstanding for the three months ended in Mar. 2026 was 50.81.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. VSTECS Bhd's liquidation value for the three months ended in Mar. 2026 was RM217 Mil.


VSTECS Bhd  (XKLS:5162) 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.

VSTECS Bhd's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=582.913/1046.926*91
=50.81

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

VSTECS Bhd'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)
=225.2-579.183+0.75 * 582.913+0.5 * 266.796
=217

* 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.


VSTECS Bhd Change In Receivables Related Terms


VSTECS Bhd Change In Receivables Historical Data

* Premium members only.

The historical data trend for VSTECS Bhd'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.

VSTECS Bhd Change In Receivables Chart

VSTECS Bhd 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 -26.79 -17.76 -51.21 -48.91 -211.71

VSTECS Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 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 55.22 -97.12 -127.05 -42.77 47.54
XKLS:5162
75GF Score
VSTECS Bhd XKLS:5162
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

VSTECS Bhd 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 quarterly data reported by the company within the most recent 12 months, which was RM-219 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 RM-219 Mil mean?
VSTECS Bhd (XKLS:5162) has a Change In Receivables of RM-219 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for VSTECS Bhd and its competitors.
Is VSTECS Bhd's Change In Receivables too high?
VSTECS Bhd's current Change In Receivables is RM-219 Mil. Overall, VSTECS Bhd has a GF Score™ of 75/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does VSTECS Bhd's Change In Receivables compare to SNX and ARW?
VSTECS Bhd's Change In Receivables of RM-219 Mil can be compared against companies in the Hardware 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 Hardware company?
A good Change In Receivables depends on the Hardware 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 VSTECS Bhd and its competitors. VSTECS Bhd's current Change In Receivables is RM-219 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is VSTECS Bhd stock overvalued right now?
Based on GuruFocus' analysis, VSTECS Bhd (XKLS:5162) is currently considered Modestly Overvalued. The stock's GF Value™ is RM1.56, compared to a current price of RM1.83 — trading 17.3% above its estimated fair value. The current Change In Receivables is RM-219 Mil. VSTECS Bhd's overall GF Score™ is 75/100 with 1 warning sign 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 VSTECS Bhd (XKLS:5162), the current Change In Receivables is RM-219 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 VSTECS Bhd (XKLS:5162) Overvalued in 2026?

Based on GuruFocus' analysis, VSTECS Bhd stock appears to be overvalued. The current stock price of RM1.83 is trading 17.3% above its estimated GF Value™ of RM1.56. GuruFocus considers VSTECS Bhd to be Modestly Overvalued.

Key valuation signals for XKLS:5162:

  • Change In Receivables: RM-219 Mil
  • GF Value™: RM1.56 vs. price of RM1.83 (17.3% above fair value)
  • GF Score™: 75/100 with 1 warning sign

No single metric tells the full story. See the XKLS:5162 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


VSTECS Bhd Business Description

Address Lot 3, Jalan Teknologi 3/5, Taman Sains Selangor, Kota Damansara, Petaling Jaya, SGR, MYS, 47810
VSTECS Bhd is engaged in the provision of e-commerce systems and solutions. The company distributes information and communications technology (ICT) products in Malaysia. These products consist of notebooks, personal computers, smartphones, tablets, wearables, printers, software, network and communication infrastructure, servers, and enterprise software. It operates in three segments. The ICT distribution segment distributes products to resellers, comprising mainly retailers. Its Enterprise systems segment markets products to system integrators and corporate dealers. The ICT services segment is involved in the provision of ICT services. The Enterprise Systems segment generates the maximum revenue.
75GF Score

Get the complete analysis for XKLS:5162

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

RM1.83
Price
RM1.56
GF Value