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 Mar. 2026 was ฿1,821 Mil. The Steel PCL's average Accounts Receivable for the
three
months ended in Mar. 2026 was ฿762 Mil.
Hence, The Steel PCL's Receivables Turnover for the
three
months ended in Mar. 2026 was 2.39.
The Steel PCL (BKK:THE-R) 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
The Steel PCL Receivables Turnover Historical Data
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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.
BKK:THE-R vs NUE, STLD, RS: Receivables Turnover Comparison
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 Receivables Turnover vs 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.
* 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.
The Steel PCL (BKK:THE-R) has a Receivables Turnover of 2.39 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 The Steel PCL and its competitors. According to the industry distribution chart, The Steel PCL ranks #305 out of 607 companies in the Steel industry, placing it in the top 50.2%.
Is The Steel PCL's Receivables Turnover too high?
The Steel PCL's current Receivables Turnover is 2.39. The Steel industry median Receivables Turnover is 7.18. The Steel PCL's value of 2.39 is 66.7% below this industry median. Based on the distribution chart, The Steel PCL ranks #305 out of 607 companies in the Steel industry, which is below the industry midpoint. Overall, The Steel PCL has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does The Steel PCL's Receivables Turnover compare to NUE and STLD?
According to the Steel industry distribution chart, The Steel PCL ranks #305 out of 607 companies for Receivables Turnover. This places The Steel PCL in the lower half of its industry. The industry median Receivables Turnover is 7.18. The Steel PCL's value of 2.39 is 66.7% 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 7.18, based on 607 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. The Steel PCL's current Receivables Turnover of 2.39 is 66.7% 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 The Steel PCL and its competitors. For the Steel industry, the median Receivables Turnover is 7.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Steel PCL's current Receivables Turnover is 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Steel PCL stock overvalued right now?
The Steel PCL (BKK:THE-R) has a current Receivables Turnover of 2.39. The stock's GF Value™ is ฿0.81, compared to a current price of ฿0.83 — trading 2.8% above its estimated fair value. The current Receivables Turnover is 2.39 and 66.7% below the Steel industry median of 7.18. The Steel PCL's overall GF Score™ is 40/100 with 8 warning signs to review. 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 The Steel PCL (BKK:THE-R), the current Receivables Turnover is 2.39 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.
Is The Steel PCL (BKK:THE-R) Overvalued in 2026?
Based on GuruFocus' analysis, The Steel PCL stock appears to be overvalued.
The current stock price of ฿0.83 is trading 2.8% above its estimated GF Value™ of ฿0.81.
Key valuation signals for BKK:THE-R:
Receivables Turnover: 2.39
GF Value™: ฿0.81 vs. price of ฿0.83 (2.8% above fair value)
Industry Position: 66.7% below the Steel median (#305 of 607)
No single metric tells the full story. See the BKK:THE-R stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Steel PCL is principally engaged in the selling and transforming hot rolled steel sheets and coils and other structural steels and logistic services of steel. Its product portfolio includes hot-rolled coils, and processed forms such as slit coils, steel sheets, hot-formed structural steel, and cold-formed structural steel, as well as other steel products. In addition, the company also processes certain steel products, including steel sheets, slit coils, flat steel, folded angle steel, folded channel steel, steel pipes, and C-shaped structural steel. 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.
40GF Score
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Receivables Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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