Philip Morris International (XSWX:PMI) Change In Receivables: CHF-156 Mil (TTM As of Mar. 2026)

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XSWX:PMI Philip Morris International Inc XSWX:PMI
86 GF Score
Price CHF155.00
GF Value CHF114.47
! 7 Warning Signs
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What is Philip Morris International Change In Receivables?

Philip Morris International XSWX:PMI 86 Change In Receivables is CHF-156 Mil as of Mar. 2026. GuruFocus rates XSWX:PMI with a GF Score™ of 86/100 and a GF Value™ of CHF114.47. The stock has 7 warning signs investors should review.

Philip Morris International's change in receivables for the quarter that ended in Mar. 2026 was CHF-504 Mil. It means Philip Morris International's Accounts Receivable increased by CHF504 Mil from Dec. 2025 to Mar. 2026 .

Philip Morris International's change in receivables for the fiscal year that ended in Dec. 2025 was CHF-357 Mil. It means Philip Morris International's Accounts Receivable increased by CHF357 Mil from Dec. 2024 to Dec. 2025 .

Philip Morris International's Accounts Receivable for the quarter that ended in Mar. 2026 was CHF4,031 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. Philip Morris International's Days Sales Outstanding for the three months ended in Mar. 2026 was 46.05.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Philip Morris International's liquidation value for the three months ended in Mar. 2026 was CHF-48,204 Mil.


Philip Morris International  (XSWX:PMI) 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.

Philip Morris 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
=4030.976/7987.946*91
=46.05

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

Philip Morris 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)
=4290.785-60002.495+0.75 * 4030.976+0.5 * 8968.922
=-48,204

* 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.


Philip Morris International Change In Receivables Related Terms


Philip Morris International Change In Receivables Historical Data

* Premium members only.

The historical data trend for Philip Morris 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.

Philip Morris International Change In Receivables Chart

Philip Morris International 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 -182.36 -811.42 271.55 -658.00 -357.01

Philip Morris International 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 82.95 56.52 207.99 -503.87 0.00
XSWX:PMI
86GF Score
Philip Morris International Inc XSWX:PMI
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Philip Morris 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 quarterly data reported by the company within the most recent 12 months, which was CHF-156 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-156 Mil mean?
Philip Morris International (XSWX:PMI) has a Change In Receivables of CHF-156 Mil as of Mar. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Philip Morris International and its competitors.
Is Philip Morris International's Change In Receivables too high?
Philip Morris International's current Change In Receivables is CHF-156 Mil. Overall, Philip Morris International has a GF Score™ of 86/100, reflecting its overall financial health beyond just this single metric.
How does Philip Morris International's Change In Receivables compare to MO and TPB?
Philip Morris International's Change In Receivables of CHF-156 Mil can be compared against companies in the Tobacco 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 a Tobacco Products company?
A good Change In Receivables depends on the Tobacco 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 Philip Morris International and its competitors. Philip Morris International's current Change In Receivables is CHF-156 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Philip Morris International stock overvalued right now?
Philip Morris International (XSWX:PMI) has a current Change In Receivables of CHF-156 Mil. The stock's GF Value™ is CHF114.47, compared to a current price of CHF155.00 — trading 35.4% above its estimated fair value. The current Change In Receivables is CHF-156 Mil. Philip Morris International's overall GF Score™ is 86/100 with 7 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 Philip Morris International (XSWX:PMI), the current Change In Receivables is CHF-156 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 Philip Morris International (XSWX:PMI) Overvalued in 2026?

Based on GuruFocus' analysis, Philip Morris International stock appears to be overvalued. The current stock price of CHF155.00 is trading 35.4% above its estimated GF Value™ of CHF114.47.

Key valuation signals for XSWX:PMI:

  • Change In Receivables: CHF-156 Mil
  • GF Value™: CHF114.47 vs. price of CHF155.00 (35.4% above fair value)
  • GF Score™: 86/100 with 7 warning signs

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


Philip Morris International Business Description

Address 677 Washington Boulevard, Suite 1100, Stamford, CT, USA, 06901
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heat sticks, vapes, and oral nicotine offerings, primarily outside of the US. With the 2023 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI is not only dominant in smokable products but also has the Iqos and Zyn brands, which respectively dominate heated tobacco and nicotine pouches in most markets. It also owns the Veev brand in vapes.
86GF Score

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

CHF155.00
Price
CHF114.47
GF Value