Spec Products (ROCO:7718) Receivables Turnover : 1.50 (As of Mar. 2025)

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What is Spec Products 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. Spec Products's Revenue for the three months ended in Mar. 2025 was NT$596 Mil. Spec Products's average Accounts Receivable for the three months ended in Mar. 2025 was NT$397 Mil. Hence, Spec Products's Receivables Turnover for the three months ended in Mar. 2025 was 1.50.

Spec Products Receivables Turnover Historical Data

The historical data trend for Spec Products'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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Spec Products Receivables Turnover Chart

Spec Products Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

5.26

5.99

5.97

5.63

6.65

Spec Products Quarterly Data
	Dec20	Dec21	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial						1.68	1.58	1.69	1.43	1.50

Competitive Comparison of Spec Products's Receivables Turnover

For the Tools & Accessories subindustry, Spec Products'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.

Spec Products's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Spec Products's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Spec Products's Receivables Turnover falls into.

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Spec Products Receivables Turnover Calculation

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

Spec Products'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 )
=	2408.468	/ (	(337.603	+	386.234)	/	2 )
=	2408.468	/	361.9185
=	6.65

Spec Products's Receivables Turnover for the quarter that ended in Mar. 2025 is calculated as

	Receivables Turnover (Q: Mar. 2025 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2025 )	/ (	(Accounts Receivable (Q: Dec. 2024 )	+	Accounts Receivable (Q: Mar. 2025 ))	/	count )
=	595.964	/ (	(386.234	+	407.209)	/	2 )
=	595.964	/	396.7215
=	1.50

Spec Products (ROCO:7718) 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.

Spec Products Receivables Turnover Related Terms

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Spec Products Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Spec Products Corp (ROCO:7718) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

9F.-4, No. 358, Sec 1, Dongmen Road, East District, Tainan, TWN, 701002

Website

https://www.spec.com.tw

Spec Products Corp is a company which is Integrated Industrial Parts manufacturer and supplier where in they have exported more than ten thousand items made to customers' prints or samples per year to USA, Europe, Japan and China, including cold/ hot forging, turning, plastic ejection and stamping, etc from either on its own or sub-contracted factories.

Spec Products Headlines

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