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Thai-German Products PCLBKK:TGPRO Receivables Turnover is 2.71 as of Mar. 2026. The stock has 4 warning signs investors should review. Among 606 Steel companies, Thai-German Products PCL ranks better than 61.22% on this metric.
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. Thai-German Products PCL's Revenue for the
three
months ended in Mar. 2026 was ฿426 Mil. Thai-German Products PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was ฿157 Mil.
Hence, Thai-German Products PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.71.
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.
Thai-German Products PCL Receivables Turnover Related Terms
Thai-German Products PCL Receivables Turnover Historical Data
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The historical data trend for Thai-German Products PCL'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.
BKK:TGPRO vs NUE, STLD, RS: Receivables Turnover Comparison
For the Steel subindustry, Thai-German Products PCL'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.
Thai-German Products PCL Receivables Turnover vs Steel Industry
For the Steel industry and Basic Materials sector, Thai-German Products PCL's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Thai-German Products PCL's Receivables Turnover falls into.
* 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.
Thai-German Products PCL (BKK:TGPRO) has a Receivables Turnover of 2.71 as of Mar. 2026. The accounts 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. View historical data on Thai-German Products PCL and its competitors. According to the industry distribution chart, Thai-German Products PCL ranks #235 out of 606 companies in the Steel industry, placing it in the top 38.8%.
Is Thai-German Products PCL's Receivables Turnover too high?
Thai-German Products PCL's current Receivables Turnover is 2.71. The Steel industry median Receivables Turnover is 7.11. Thai-German Products PCL's value of 2.71 is 61.9% below this industry median. Based on the distribution chart, Thai-German Products PCL ranks #235 out of 606 companies in the Steel industry, which is above the industry midpoint.
How does Thai-German Products PCL's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, Thai-German Products PCL ranks #235 out of 606 companies for Receivables Turnover. This puts Thai-German Products PCL in the upper half of its industry. The industry median Receivables Turnover is 7.11. Thai-German Products PCL's value of 2.71 is 61.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Steel company?
The median Receivables Turnover among Steel companies is 7.11, based on 606 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Thai-German Products PCL's current Receivables Turnover of 2.71 is 61.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts 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. View historical data on Thai-German Products PCL and its competitors. For the Steel industry, the median Receivables Turnover is 7.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thai-German Products PCL's current Receivables Turnover is 2.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thai-German Products PCL stock overvalued right now?
Based on GuruFocus' analysis, Thai-German Products PCL (BKK:TGPRO) is currently considered Possible Value Trap. The stock's GF Value™ is ฿0.09, compared to a current price of ฿0.03 — trading 66.7% below its estimated fair value. The current Receivables Turnover is 2.71 and 61.9% below the Steel industry median of 7.11. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Thai-German Products PCL (BKK:TGPRO), the current Receivables Turnover is 2.71 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.
Thai-German Products PCL is engaged in the business of manufacturing and distribution of stainless steel products such as pipe, axle, and other equipment, under trademark by TGPRO. It has four operating segments: the Stainless and service selling segment, which is the key revenue driver, includes steel pipes, steel sheets, steel shafts, and steel fittings; the Stereo sales segment sells stereo equipment, telephone equipment, and spare parts; an agriculture selling segment includes vegetables and seed; and Food sales Segment, which comprises of food sales, coffee and bakery shops, and steakhouse restaurants. It sells its product in Thailand and other countries, of which a majority of the revenue is generated from the Thailand market, and also has its presence in other countries.
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