The Steel PCL (BKK:THE) Receivables Turnover : 1.79 (As of Dec. 2024)

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What is The Steel PCL 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. The Steel PCL's Revenue for the three months ended in Dec. 2024 was ฿1,950 Mil. The Steel PCL's average Accounts Receivable for the three months ended in Dec. 2024 was ฿1,089 Mil. Hence, The Steel PCL's Receivables Turnover for the three months ended in Dec. 2024 was 1.79.

The Steel PCL Receivables Turnover Historical Data

The historical data trend for The Steel 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.

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The Steel PCL Receivables Turnover Chart

The Steel PCL Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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4.32

9.57

7.41

6.52

8.24

The Steel PCL Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															1.52	2.12	2.15	1.97	1.79

Competitive Comparison of The Steel PCL's Receivables Turnover

For the Steel subindustry, The Steel 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.

The Steel PCL's Receivables Turnover Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, The Steel PCL's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where The Steel PCL's Receivables Turnover falls into.

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The Steel PCL Receivables Turnover Calculation

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

The Steel PCL's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	7880.916	/ (	(894.036	+	1018.441)	/	2 )
=	7880.916	/	956.2385
=	8.24

The Steel PCL's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	1950.143	/ (	(1158.767	+	1018.441)	/	2 )
=	1950.143	/	1088.604
=	1.79

The Steel PCL (BKK:THE) 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.

The Steel PCL Receivables Turnover Related Terms

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The Steel PCL Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » The Steel PCL (BKK:THE) » Definitions » Receivables Turnover

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Traded in Other Exchanges

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Address

1401 Ekkachai Road, Bangbon Tai Sub-District, Bangbon District, Bangkok, THA, 10150

Website

https://www.thesteel.co.th

The Steel PCL supplies steel products and raw materials. Its products include hot-rolled coil, transformed steel such as coil slitting, steel sheets, hot-formed, cold-formed, steel rods, steel pipes, and other steel products. In addition, it is also involved in providing logistic services. The company operates in two reportable segments: Revenue from sales of steels, which accounts for a majority of its revenue, and Revenue from logistic services. Geographically, it is managed and operates principally in Thailand.

The Steel PCL Headlines

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