Speco Co (XKRX:013810) Receivables Turnover : 1.49 (As of Mar. 2025)

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What is Speco Co 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. Speco Co's Revenue for the three months ended in Mar. 2025 was ₩7,394 Mil. Speco Co's average Accounts Receivable for the three months ended in Mar. 2025 was ₩4,965 Mil. Hence, Speco Co's Receivables Turnover for the three months ended in Mar. 2025 was 1.49.

Speco Co Receivables Turnover Historical Data

The historical data trend for Speco Co'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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Speco Co Receivables Turnover Chart

Speco Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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5.07

3.98

3.54

4.67

6.48

Speco Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Receivables Turnover	Get a 7-Day Free Trial															0.56	2.59	2.34	2.40	1.49

Competitive Comparison of Speco Co's Receivables Turnover

For the Building Materials subindustry, Speco Co'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.

Speco Co's Receivables Turnover Distribution in the Building Materials Industry

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

* The bar in red indicates where Speco Co's Receivables Turnover falls into.

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Speco Co Receivables Turnover Calculation

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

Speco Co'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 )
=	27191.52	/ (	(3597.218	+	4799.004)	/	2 )
=	27191.52	/	4198.111
=	6.48

Speco Co'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 )
=	7393.661	/ (	(4799.004	+	5130.175)	/	2 )
=	7393.661	/	4964.5895
=	1.49

Speco Co (XKRX:013810) 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.

Speco Co Receivables Turnover Related Terms

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Speco Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Speco Co Ltd (XKRX:013810) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

313, Soi-ro, Soi-myeon, Eumseong-gun, Chungcheongbuk-do, KOR, 369-872

Website

http://www.speco.co.kr

Speco Co Ltd is engaged in manufacturing of asphalt plants used in road construction and infrastructure projects. The company operates in four business divisions: Asphalt plant is engaged in supplying stationary asphalt plants; Concrete plant is engaged in the operation of SPECO B/P computerized operation system supplying concrete; Crushing plant is engaged in crushing particles using jaw crusher and cone crusher machines, and Wind Power is engaged in manufacturing wind power turbines.

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