HBX Group International (XMAD:HBX) Change In Receivables: €-57.0 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.

XMAD:HBX HBX Group International PLC XMAD:HBX
13 GF Score
Price €7.76
! 3 Warning Signs
View Full Analysis

What is HBX Group International Change In Receivables?

HBX Group International XMAD:HBX +0.98% 13 Change In Receivables is €-57.0 Mil as of Mar. 2026. GuruFocus rates XMAD:HBX with a GF Score™ of 13/100. The stock has 3 warning signs investors should review.

HBX Group International's change in receivables for the quarter that ended in Mar. 2026 was €49.0 Mil. It means HBX Group International's Accounts Receivable declined by €49.0 Mil from Sep. 2025 to Mar. 2026 .

HBX Group International's change in receivables for the fiscal year that ended in Sep. 2025 was €-26.0 Mil. It means HBX Group International's Accounts Receivable increased by €26.0 Mil from Sep. 2024 to Sep. 2025 .

HBX Group International's Accounts Receivable for the quarter that ended in Mar. 2026 was €384.0 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. HBX Group International's Days Sales Outstanding for the six months ended in Mar. 2026 was 206.12.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. HBX Group International's liquidation value for the six months ended in Mar. 2026 was €-1,711.0 Mil.


HBX Group International  (XMAD:HBX) 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.

HBX Group International's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=384/340*91
=206.12

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

HBX Group International'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)
=633-2632+0.75 * 384+0.5 * 0
=-1,711.0

* 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.


HBX Group International Change In Receivables Related Terms


HBX Group International Change In Receivables Historical Data

* Premium members only.

The historical data trend for HBX Group International'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.

HBX Group International Change In Receivables Chart

HBX Group International Annual Data
Trend Sep22 Sep23 Sep24 Sep25
Change In Receivables
-150.00 -71.00 -50.00 -26.00

HBX Group International Semi-Annual Data
Sep22 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
Change In Receivables Get a 7-Day Free Trial 53.00 -103.00 80.00 -106.00 49.00
XMAD:HBX
13GF Score
HBX Group International PLC XMAD:HBX
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HBX Group International 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 €-57.0 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 €-57.0 Mil mean?
HBX Group International (XMAD:HBX) has a Change In Receivables of €-57.0 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for HBX Group International and its competitors.
Is HBX Group International's Change In Receivables too high?
HBX Group International's current Change In Receivables is €-57.0 Mil. Overall, HBX Group International has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does HBX Group International's Change In Receivables compare to BKNG and ABNB?
HBX Group International's Change In Receivables of €-57.0 Mil can be compared against companies in the Travel & Leisure 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 Travel & Leisure company?
A good Change In Receivables depends on the Travel & Leisure 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 HBX Group International and its competitors. HBX Group International's current Change In Receivables is €-57.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBX Group International stock overvalued right now?
HBX Group International (XMAD:HBX) has a current Change In Receivables of €-57.0 Mil. The current Change In Receivables is €-57.0 Mil. HBX Group International's overall GF Score™ is 13/100 with 3 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 HBX Group International (XMAD:HBX), the current Change In Receivables is €-57.0 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.

HBX Group International Business Description

Other Exchanges HBXe:UKQ1D:Germany
Address 25 Old Broad Street, 7th Floor, Tower 42, London, GBR, EC2N 1HN
HBX Group International PLC is a travel-technology marketplace. The company is engaged in the intermediation of hotel accommodations and complementary travel products between travel suppliers and travel distributors. With the help of its subsidiaries, the Group also assists hotels in optimising their direct online channel, creating booking engines, and supporting digital marketing. The company's maximum revenue is derived from hotel bookings. The company connect between supply and demand, empowering businesses and their travellers, with choice and confidence.
13GF Score

Get the complete analysis for XMAD:HBX

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

€7.76
Price