STC Concrete Product (BKK:STC) Receivables Turnover : 0.73 (As of Mar. 2024)

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What is STC Concrete Product 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. STC Concrete Product's Revenue for the three months ended in Mar. 2024 was ฿118.9 Mil. STC Concrete Product's average Accounts Receivable for the three months ended in Mar. 2024 was ฿162.0 Mil. Hence, STC Concrete Product's Receivables Turnover for the three months ended in Mar. 2024 was 0.73.

STC Concrete Product Receivables Turnover Historical Data

The historical data trend for STC Concrete Product'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.

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STC Concrete Product Receivables Turnover Chart

STC Concrete Product Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.56

3.47

3.83

3.87

3.69

STC Concrete Product Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.85	0.95	0.89	0.81	0.73

Competitive Comparison of STC Concrete Product's Receivables Turnover

For the Building Materials subindustry, STC Concrete Product'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.

STC Concrete Product's Receivables Turnover Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, STC Concrete Product's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where STC Concrete Product's Receivables Turnover falls into.

STC Concrete Product Receivables Turnover Calculation

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

STC Concrete Product's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	535.458	/ (	(119.949	+	170.105)	/	2 )
=	535.458	/	145.027
=	3.69

STC Concrete Product's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	118.926	/ (	(170.105	+	153.859)	/	2 )
=	118.926	/	161.982
=	0.73

STC Concrete Product (BKK:STC) 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.

STC Concrete Product Receivables Turnover Related Terms

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STC Concrete Product (BKK:STC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » STC Concrete Product PLC (BKK:STC) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

220/26 Moo 6, Sukhumvit Road, Nakluea Subdistrict, Banglamung District, Chonburi Province, Pattaya, THA, 20150

Website

https://www.stc.co.th

STC Concrete Product PLC is engaged in the production and distribution of precast concrete products under the trademark STC CONCRETE. Its products portfolio includes ready mixed concrete, concrete drainage pipes, precast concrete slabs, prestressed concrete pile, lightweight gray brick block, and prefabricated fence panels. The company operates in only one reportable segment that is manufacture and sales of ready-mixed concrete and aggregate and the single geographical area of its operations in Thailand.