Align Technology (XTER:AFW) Change In Receivables: €-51 Mil (TTM As of Jun. 2026)

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XTER:AFW Align Technology Inc XTER:AFW
90 GF Score
Price €149.05
GF Value €196.99
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Align Technology Change In Receivables?

Align Technology XTER:AFW +0.07% 90 Change In Receivables is €-51 Mil as of Jun. 2026. GuruFocus rates XTER:AFW with a GF Score™ of 90/100 and a GF Value™ of €196.99 (Modestly Undervalued). The stock has 4 warning signs investors should review.

Align Technology's change in receivables for the quarter that ended in Jun. 2026 was €0 Mil. It means Align Technology's Accounts Receivable stayed the same from Mar. 2026 to Jun. 2026 .

Align Technology's change in receivables for the fiscal year that ended in Dec. 2025 was €-119 Mil. It means Align Technology's Accounts Receivable increased by €119 Mil from Dec. 2024 to Dec. 2025 .

Align Technology's Accounts Receivable for the quarter that ended in Jun. 2026 was €997 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. Align Technology's Days Sales Outstanding for the three months ended in Jun. 2026 was 99.22.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Align Technology's liquidation value for the three months ended in Jun. 2026 was €-100 Mil.


Align Technology  (XTER:AFW) 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.

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

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=996.804/916.775*91
=99.22

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

Align Technology'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)
=957.049-1896.691+0.75 * 996.804+0.5 * 184.224
=-100

* 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.


Align Technology Change In Receivables Related Terms


Align Technology Change In Receivables Historical Data

* Premium members only.

The historical data trend for Align Technology'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.

Align Technology Change In Receivables Chart

Align Technology 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 -231.93 20.34 -95.93 -146.58 -119.48

Align Technology 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 -48.64 3.15 -18.96 -35.46 0.00
XTER:AFW
90GF Score
Align Technology Inc XTER:AFW
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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Align Technology 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 €-51 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 €-51 Mil mean?
Align Technology (XTER:AFW) has a Change In Receivables of €-51 Mil as of Jun. 2026. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for Align Technology and its competitors.
Is Align Technology's Change In Receivables too high?
Align Technology's current Change In Receivables is €-51 Mil. Overall, Align Technology has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Align Technology's Change In Receivables compare to BAX and SOLV?
Align Technology's Change In Receivables of €-51 Mil can be compared against companies in the Medical Devices & Instruments 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 Medical Devices & Instruments company?
A good Change In Receivables depends on the Medical Devices & Instruments 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 Align Technology and its competitors. Align Technology's current Change In Receivables is €-51 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Align Technology stock overvalued right now?
Based on GuruFocus' analysis, Align Technology (XTER:AFW) is currently considered Modestly Undervalued. The stock's GF Value™ is €196.99, compared to a current price of €149.05 — trading 24.3% below its estimated fair value. The current Change In Receivables is €-51 Mil. Align Technology's overall GF Score™ is 90/100 with 4 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 Align Technology (XTER:AFW), the current Change In Receivables is €-51 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 Align Technology (XTER:AFW) Overvalued in 2026?

Based on GuruFocus' analysis, Align Technology stock appears to be undervalued. The current stock price of €149.05 is trading 24.3% below its estimated GF Value™ of €196.99. GuruFocus considers Align Technology to be Modestly Undervalued.

Key valuation signals for XTER:AFW:

  • Change In Receivables: €-51 Mil
  • GF Value™: €196.99 vs. price of €149.05 (24.3% below fair value)
  • GF Score™: 90/100 with 4 warning signs

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


Align Technology Business Description

Address 410 North Scottsdale Road, Suite 1300, Tempe, AZ, USA, 85288
Align Technology is the leading manufacturer of clear aligners. Invisalign, its main product, was approved by the Food and Drug Administration in 1998 and has since dominated, controlling over 90% of the market. Invisalign can treat roughly 90% of all malocclusion cases (misaligned teeth), and there are over 230,000 Invisalign-trained dentists and orthodontists. In 2022, Invisalign treated over 2 million cases, or roughly 10% of all orthodontic cases for the year, and it has treated over 14 million patients since its launch. Align also sells intraoral scanners under the brand iTero, which captures digital impressions of patients' teeth and illustrates treatment plans. Over 85% of Invisalign cases are submitted by digital scans, and iTero scans make up over half of these scans.
90GF Score

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

€149.05
Price
€196.99
GF Value