Kaspi.kz JSC (HAM:KKS) Receivables Turnover: (As of Jun. 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.

HAM:KKS Kaspi.kz JSC HAM:KKS
67 GF Score
Price €83.60
GF Value €165.52
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is Kaspi.kz JSC Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Kaspi.kz JSC's Revenue for the three months ended in Jun. 2026 was €1,495 Mil. Kaspi.kz JSC's average Accounts Receivable for the three months ended in Jun. 2026 was €0 Mil.

Kaspi.kz JSC  (HAM:KKS) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Kaspi.kz JSC Receivables Turnover Related Terms

Kaspi.kz JSC Receivables Turnover Historical Data

* Premium members only.

The historical data trend for Kaspi.kz JSC's Receivables Turnover 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.

Kaspi.kz JSC Receivables Turnover Chart

Kaspi.kz JSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Kaspi.kz JSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Receivables Turnover 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 - - - - -

HAM:KKS vs MSFT, PLTR, ORCL: Receivables Turnover Comparison

For the Software - Infrastructure subindustry, Kaspi.kz JSC's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kaspi.kz JSC Receivables Turnover vs Software Industry

For the Software industry and Technology sector, Kaspi.kz JSC's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Kaspi.kz JSC's Receivables Turnover falls into.


HAM:KKS
67GF Score
Kaspi.kz JSC HAM:KKS
Receivables Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kaspi.kz JSC Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Kaspi.kz JSC's Receivables Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Receivables Turnover (A: Dec. 2025 )
=Revenue / Average Accounts Receivable
=Revenue (A: Dec. 2025 ) / ((Accounts Receivable (A: Dec. 2024 ) + Accounts Receivable (A: Dec. 2025 )) / count )
=5333.977910965 / (( + ) / 1 )
=5333.977910965 / 0
=N/A

Kaspi.kz JSC's Receivables Turnover for the quarter that ended in Jun. 2026 is calculated as

Receivables Turnover (Q: Jun. 2026 )
=Revenue / Average Accounts Receivable
=Revenue (Q: Jun. 2026 ) / ((Accounts Receivable (Q: Mar. 2026 ) + Accounts Receivable (Q: Jun. 2026 )) / count )
=1494.8141960428 / (( + ) / 1 )
=1494.8141960428 / 0
=N/A

* 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.

Is Kaspi.kz JSC (HAM:KKS) Overvalued in 2026?

Based on GuruFocus' analysis, Kaspi.kz JSC stock appears to be undervalued. The current stock price of €83.60 is trading 49.5% below its estimated GF Value™ of €165.52. GuruFocus considers Kaspi.kz JSC to be Significantly Undervalued.

Key valuation signals for HAM:KKS:

  • Receivables Turnover:
  • GF Value™: €165.52 vs. price of €83.60 (49.5% below fair value)
  • GF Score™: 67/100 with 4 warning signs

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

Kaspi.kz JSC Business Description

Address 154A Nauryzbai Batyr Street, Almaty, KAZ, 050013
Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.
67GF Score

Get the complete analysis for HAM:KKS

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

€83.60
Price
€165.52
GF Value