Plug Power (XSWX:PLUG) Change In Receivables: CHF-26.5 Mil (TTM As of Mar. 2026)

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XSWX:PLUG Plug Power Inc XSWX:PLUG
45 GF Score
Price CHF1.82
GF Value CHF1.22
! 6 Warning Signs
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What is Plug Power Change In Receivables?

Plug Power XSWX:PLUG +0.92% 45 Change In Receivables is CHF-26.5 Mil as of Mar. 2026. GuruFocus rates XSWX:PLUG with a GF Score™ of 45/100 and a GF Value™ of CHF1.22. The stock has 6 warning signs investors should review.

Plug Power's change in receivables for the quarter that ended in Mar. 2026 was CHF21.6 Mil. It means Plug Power's Accounts Receivable declined by CHF21.6 Mil from Dec. 2025 to Mar. 2026 .

Plug Power's change in receivables for the fiscal year that ended in Dec. 2025 was CHF-37.7 Mil. It means Plug Power's Accounts Receivable increased by CHF37.7 Mil from Dec. 2024 to Dec. 2025 .

Plug Power's Accounts Receivable for the quarter that ended in Mar. 2026 was CHF83.9 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. Plug Power's Days Sales Outstanding for the three months ended in Mar. 2026 was 59.44.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Plug Power's liquidation value for the three months ended in Mar. 2026 was CHF-813.4 Mil.

Plug Power  (XSWX:PLUG) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=83.856/128.734*91
=59.44

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

Plug Power'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)
=175.717-1255.188+0.75 * 83.856+0.5 * 406.367
=-813.4

* 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.

Plug Power Change In Receivables Related Terms

Plug Power Change In Receivables Historical Data

* Premium members only.

The historical data trend for Plug Power'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.

Plug Power Change In Receivables Chart

Plug Power 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 -35.19 -65.62 -140.99 49.18 -37.75

Plug Power 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 11.34 -3.43 2.63 -47.25 21.58
XSWX:PLUG
45GF Score
Plug Power Inc XSWX:PLUG
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Plug Power 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 CHF-26.5 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 CHF-26.5 Mil mean?
Plug Power (XSWX:PLUG) has a Change In Receivables of CHF-26.5 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Plug Power and its competitors.
Is Plug Power's Change In Receivables too high?
Plug Power's current Change In Receivables is CHF-26.5 Mil. Overall, Plug Power has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Change In Receivables compare to HAYW and ATKR?
Plug Power's Change In Receivables of CHF-26.5 Mil can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Change In Receivables depends on the Industrial Products 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 Plug Power and its competitors. Plug Power's current Change In Receivables is CHF-26.5 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Plug Power (XSWX:PLUG) has a current Change In Receivables of CHF-26.5 Mil. The stock's GF Value™ is CHF1.22, compared to a current price of CHF1.82 — trading 49.4% above its estimated fair value. The current Change In Receivables is CHF-26.5 Mil. Plug Power's overall GF Score™ is 45/100 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 Plug Power (XSWX:PLUG), the current Change In Receivables is CHF-26.5 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 Plug Power (XSWX:PLUG) Overvalued in 2026?

Based on GuruFocus' analysis, Plug Power stock appears to be overvalued. The current stock price of CHF1.82 is trading 49.4% above its estimated GF Value™ of CHF1.22.

Key valuation signals for XSWX:PLUG:

  • Change In Receivables: CHF-26.5 Mil
  • GF Value™: CHF1.22 vs. price of CHF1.82 (49.4% above fair value)
  • GF Score™: 45/100 with 6 warning signs

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

Plug Power Business Description

Address 125 Vista Boulevard, Slingerlands, NY, USA, 12159
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
45GF Score

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

CHF1.82
Price
CHF1.22
GF Value