Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) Change In Receivables: €41 Mil (TTM As of Mar. 2026)

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XMAD:XUSIO Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
48 GF Score
Price €1.27
GF Value €0.98
Valuation Modestly Overvalued
! 5 Warning Signs
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What is Usinas Siderurgicas de Minas Gerais Change In Receivables?

Usinas Siderurgicas de Minas Gerais XMAD:XUSIO -0.78% 48 Change In Receivables is €41 Mil as of Mar. 2026. GuruFocus rates XMAD:XUSIO with a GF Score™ of 48/100 and a GF Value™ of €0.98 (Modestly Overvalued). The stock has 5 warning signs investors should review.

Usinas Siderurgicas de Minas Gerais's change in receivables for the quarter that ended in Mar. 2026 was €-84 Mil. It means Usinas Siderurgicas de Minas Gerais's Accounts Receivable increased by €84 Mil from Dec. 2025 to Mar. 2026 .

Usinas Siderurgicas de Minas Gerais's change in receivables for the fiscal year that ended in Dec. 2025 was €48 Mil. It means Usinas Siderurgicas de Minas Gerais's Accounts Receivable declined by €48 Mil from Dec. 2024 to Dec. 2025 .

Usinas Siderurgicas de Minas Gerais's Accounts Receivable for the quarter that ended in Mar. 2026 was €508 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. Usinas Siderurgicas de Minas Gerais's Days Sales Outstanding for the three months ended in Mar. 2026 was 47.71.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Usinas Siderurgicas de Minas Gerais's liquidation value for the three months ended in Mar. 2026 was €80 Mil.

Usinas Siderurgicas de Minas Gerais  (XMAD:XUSIO) 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.

Usinas Siderurgicas de Minas Gerais's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=507.687/971.089*91
=47.71

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

Usinas Siderurgicas de Minas Gerais'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)
=1106.731-1876.815+0.75 * 507.687+0.5 * 938.105
=80

* 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.

Usinas Siderurgicas de Minas Gerais Change In Receivables Related Terms

Usinas Siderurgicas de Minas Gerais Change In Receivables Historical Data

* Premium members only.

The historical data trend for Usinas Siderurgicas de Minas Gerais'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.

Usinas Siderurgicas de Minas Gerais Change In Receivables Chart

Usinas Siderurgicas de Minas Gerais 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 -248.13 -13.10 64.05 57.07 48.45

Usinas Siderurgicas de Minas Gerais 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 -78.37 25.91 6.06 92.90 -83.87
XMAD:XUSIO
48GF Score
Usinas Siderurgicas de Minas Gerais SA XMAD:XUSIO
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Usinas Siderurgicas de Minas Gerais 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 €41 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 €41 Mil mean?
Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) has a Change In Receivables of €41 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Usinas Siderurgicas de Minas Gerais and its competitors.
Is Usinas Siderurgicas de Minas Gerais' Change In Receivables too high?
Usinas Siderurgicas de Minas Gerais' current Change In Receivables is €41 Mil. Overall, Usinas Siderurgicas de Minas Gerais has a GF Score™ of 48/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Usinas Siderurgicas de Minas Gerais' Change In Receivables compare to NUE and STLD?
Usinas Siderurgicas de Minas Gerais' Change In Receivables of €41 Mil can be compared against companies in the Steel 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 Steel company?
A good Change In Receivables depends on the Steel 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 Usinas Siderurgicas de Minas Gerais and its competitors. Usinas Siderurgicas de Minas Gerais's current Change In Receivables is €41 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Usinas Siderurgicas de Minas Gerais stock overvalued right now?
Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.98, compared to a current price of €1.27 — trading 29.6% above its estimated fair value. The current Change In Receivables is €41 Mil. Usinas Siderurgicas de Minas Gerais' overall GF Score™ is 48/100 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 Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO), the current Change In Receivables is €41 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 Usinas Siderurgicas de Minas Gerais (XMAD:XUSIO) Overvalued in 2026?

Based on GuruFocus' analysis, Usinas Siderurgicas de Minas Gerais stock appears to be overvalued. The current stock price of €1.27 is trading 29.6% above its estimated GF Value™ of €0.98. GuruFocus considers Usinas Siderurgicas de Minas Gerais to be Modestly Overvalued.

Key valuation signals for XMAD:XUSIO:

  • Change In Receivables: €41 Mil
  • GF Value™: €0.98 vs. price of €1.27 (29.6% above fair value)
  • GF Score™: 48/100 with 5 warning signs

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

Usinas Siderurgicas de Minas Gerais Business Description

Address Av. do Contorno, 6594, 11th Floor Funcionarios, Belo Horizonte, MG, BRA, 30110-044
Usinas Siderurgicas de Minas Gerais SA is a Brazil-based company engaged in producing and distributing flat steel products. The company's product portfolio comprises ordinary heavy plates, Sincron series premium heavy plates, hot strips, cold-rolled, and galvanized products. These products are used in automotive, civil construction, railway, electric, white goods, offshore platforms, and agricultural and construction machinery. The Brazilian domestic market represents the majority of the company's sales, while the United States, Argentina, and Turkey are the export destination markets for the company.
48GF Score

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

€1.27
Price
€0.98
GF Value