Aena SME (XMAD:AENA) Change In Receivables: €-122 Mil (TTM As of Jun. 2026)

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XMAD:AENA Aena SME SA XMAD:AENA
93 GF Score
Price €27.60
GF Value €24.88
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Aena SME Change In Receivables?

Aena SME XMAD:AENA -0.07% 93 Change In Receivables is €-122 Mil as of Jun. 2026. GuruFocus rates XMAD:AENA with a GF Score™ of 93/100 and a GF Value™ of €24.88 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Aena SME's change in receivables for the quarter that ended in Jun. 2026 was €-214 Mil. It means Aena SME's Accounts Receivable increased by €214 Mil from Mar. 2026 to Jun. 2026 .

Aena SME's change in receivables for the fiscal year that ended in Dec. 2025 was €-50 Mil. It means Aena SME's Accounts Receivable increased by €50 Mil from Dec. 2024 to Dec. 2025 .

Aena SME's Accounts Receivable for the quarter that ended in Jun. 2026 was €955 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. Aena SME's Days Sales Outstanding for the three months ended in Jun. 2026 was 47.99.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Aena SME's liquidation value for the three months ended in Jun. 2026 was €-7,421 Mil.

Aena SME  (XMAD:AENA) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=954.698/1815.202*91
=47.99

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

Aena SME'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)
=1801.66-9941.778+0.75 * 954.698+0.5 * 6.824
=-7,421

* 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.

Aena SME Change In Receivables Related Terms

Aena SME Change In Receivables Historical Data

* Premium members only.

The historical data trend for Aena SME'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.

Aena SME Change In Receivables Chart

Aena SME 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 -551.94 -18.79 -57.36 -150.60 -50.10

Aena SME 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 -175.14 -53.95 39.01 106.49 -213.82
XMAD:AENA
93GF Score
Aena SME SA XMAD:AENA
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Aena SME 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 €-122 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 €-122 Mil mean?
Aena SME (XMAD:AENA) has a Change In Receivables of €-122 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Aena SME and its competitors.
Is Aena SME's Change In Receivables too high?
Aena SME's current Change In Receivables is €-122 Mil. Overall, Aena SME has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aena SME's Change In Receivables compare to JOBY and CAAP?
Aena SME's Change In Receivables of €-122 Mil can be compared against companies in the Transportation 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 Transportation company?
A good Change In Receivables depends on the Transportation 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 Aena SME and its competitors. Aena SME's current Change In Receivables is €-122 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aena SME stock overvalued right now?
Based on GuruFocus' analysis, Aena SME (XMAD:AENA) is currently considered Modestly Overvalued. The stock's GF Value™ is €24.88, compared to a current price of €27.60 — trading 10.9% above its estimated fair value. The current Change In Receivables is €-122 Mil. Aena SME's overall GF Score™ is 93/100 with 6 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 Aena SME (XMAD:AENA), the current Change In Receivables is €-122 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 Aena SME (XMAD:AENA) Overvalued in 2026?

Based on GuruFocus' analysis, Aena SME stock appears to be overvalued. The current stock price of €27.60 is trading 10.9% above its estimated GF Value™ of €24.88. GuruFocus considers Aena SME to be Modestly Overvalued.

Key valuation signals for XMAD:AENA:

  • Change In Receivables: €-122 Mil
  • GF Value™: €24.88 vs. price of €27.60 (10.9% above fair value)
  • GF Score™: 93/100 with 6 warning signs

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

Aena SME Business Description

Address Calle Peonias, 12, Madrid, ESP, 28042
Aena's 46 airports in Spain handle 99.9% of the country's air traffic. Its three busiest airports—Madrid-Barajas, Barcelona-El Prat, and Palma de Mallorca—account for roughly half of Spain's passengers. The dual-till framework in Spain leaves its commercial and real estate businesses completely unregulated, allowing the group to monetize its passenger flow and earn economic rents. It is launching a transformational EUR 13 billion DORA III investment cycle (2027-31) to expand capacity across its Spanish network. The group also controls three airports in the UK (Luton, Leeds Bradford, and Newcastle) and 18 airports in Brazil. It has minority holdings in 12 airports in Mexico and two in Jamaica through its 6.4% look-through stake in Grupo Aeroportuario del Pacifico.
93GF Score

Get the complete analysis for XMAD:AENA

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

€27.60
Price
€24.88
GF Value