As far as I know (though I’m sure somebody will turn up and say the exact opposite) it’s recompiling ALL your scripts every time - no incremental compilation.
Anyway, there is a strong correlation between the amount of source you have and the compile time, I hope everybody would agree on this point.
Some claim that taking advantage of compilation order you can basically put stable code in a Plugins folder and it won’t recompile every time. Last time I tested, inconclusive.
A more proven approach is to build DLLs for your stable code.
Having said that, ‘ridiculous’ isn’t the right word. Compilation time largely depends on your hardware, the amount of code you’re compiling, the target platform, the language. Yes, it is recommended to keep compilation times short (seen in textbooks: under 3 minutes). 15 seconds probably falls under the “bear with it” category.