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Pioneer (Pioneer) Days Inventory : 59.66 (As of Dec. 2018)


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What is Pioneer Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pioneer's Average Total Inventories for the three months ended in Dec. 2018 was $446 Mil. Pioneer's Cost of Goods Sold for the three months ended in Dec. 2018 was $682 Mil. Hence, Pioneer's Days Inventory for the three months ended in Dec. 2018 was 59.66.

The historical rank and industry rank for Pioneer's Days Inventory or its related term are showing as below:

PNCOY's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 104.01
* Ranked among companies with meaningful Days Inventory only.

Pioneer's Days Inventory declined from Dec. 2017 (64.89) to Dec. 2018 (59.66).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pioneer's Inventory Turnover for the three months ended in Dec. 2018 was 1.53.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Pioneer's Inventory-to-Revenue for the three months ended in Dec. 2018 was 0.56.


Pioneer Days Inventory Historical Data

The historical data trend for Pioneer's Days Inventory 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.

* Premium members only.

Pioneer Days Inventory Chart

Pioneer Annual Data
Trend Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17 Mar18
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 70.36 66.14 54.94 59.00 58.98

Pioneer Quarterly Data
Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 64.89 59.45 67.60 67.66 59.66

Competitive Comparison of Pioneer's Days Inventory

For the Consumer Electronics subindustry, Pioneer's Days Inventory, along with its competitors' market caps and Days Inventory 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.


Pioneer's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Pioneer's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pioneer's Days Inventory falls into.



Pioneer Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Pioneer's Days Inventory for the fiscal year that ended in Mar. 2018 is calculated as

Days Inventory (A: Mar. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Mar. 2017 ) + Total Inventories (A: Mar. 2018 )) / count ) / Cost of Goods Sold (A: Mar. 2018 )*Days in Period
=( (441.22 + 472.744) / 2 ) / 2827.959*365
=456.982 / 2827.959*365
=58.98

Pioneer's Days Inventory for the quarter that ended in Dec. 2018 is calculated as:

Days Inventory (Q: Dec. 2018 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2018 ) + Total Inventories (Q: Dec. 2018 )) / count ) / Cost of Goods Sold (Q: Dec. 2018 )*Days in Period
=( (473.561 + 417.961) / 2 ) / 681.778*365 / 4
=445.761 / 681.778*365 / 4
=59.66

* 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.


Pioneer  (OTCPK:PNCOY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Pioneer's Inventory Turnover for the three months ended in Dec. 2018 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Pioneer's Inventory to Revenue for the three months ended in Dec. 2018 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Pioneer Days Inventory Related Terms

Thank you for viewing the detailed overview of Pioneer's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Pioneer (Pioneer) Business Description

Traded in Other Exchanges
N/A
Address
1-1 Shin-ogura Saiwai-ku, Kawasaki-shi, Kanagawa, JPN, 212-0031
Pioneer is a Japan-based company that is principally engaged in manufacturing car electronics products. The company conducts operating through two segments. The car electronics segment is involved in developing, manufacturing, and selling car electronics products and offering services for cars. This segment contributes the majority of total revenue, with its primary products consisting of car navigation systems, car stereos, car AV systems, and car speakers. The other segment is involved in developing new businesses, such as medical and healthcare-related devices and organic light-emitting diode lighting. The company has a global business presence, with Japan, North America, and Europe jointly accounting for the majority of total revenue.

Pioneer (Pioneer) Headlines

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