Pioneering Technology (TSXV:PTE) Change In Inventory : C$0.35 Mil (TTM As of Dec. 2023)

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What is Pioneering Technology Change In Inventory?

Pioneering Technology's change in inventory for the quarter that ended in Dec. 2023 was C$-0.13 Mil. It means Pioneering Technology's inventory increased by C$0.13 Mil from Sep. 2023 to Dec. 2023 .

Pioneering Technology's change in inventory for the fiscal year that ended in Sep. 2023 was C$0.66 Mil. It means Pioneering Technology's inventory declined by C$0.66 Mil from Sep. 2022 to Sep. 2023 .

Pioneering Technology's Total Inventories for the quarter that ended in Dec. 2023 was C$1.95 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pioneering Technology's Days Inventory for the quarter that ended in Dec. 2023 was 637.39.

Inventory Turnover measures how fast the company turns over its inventory within a year. Pioneering Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.14.

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. Pioneering Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.87.

Pioneering Technology Change In Inventory Historical Data

The historical data trend for Pioneering Technology's Change In 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.

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Pioneering Technology Change In Inventory Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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0.03

2.00

-0.07

-0.14

0.66

Pioneering Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															0.19	0.19	-	0.30	-0.13

Pioneering Technology Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was C$0.35 Mil.

Pioneering Technology (TSXV:PTE) Change In Inventory Explanation

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

Pioneering Technology's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.879	/	0.269	*	365 / 4
	=	637.39

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

Pioneering Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.269	/	1.879
	=	0.14

3. 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.

Pioneering Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.879	/	0.654
	=	2.87

Pioneering Technology Change In Inventory Related Terms

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Pioneering Technology (TSXV:PTE) Business Description

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PTEFF:USA

Address

2400 Skymark Avenue, Unit 7, Mississauga, ON, CAN, L4W 5K5

Website

https://www.pioneeringtech.com

Pioneering Technology Corp is a Canadian-based company. The company is focused on designing, engineering, and producing technology that protects people and their property from cooking fires. It operates in one business segment is the development, manufacture, and sale of products intended to save energy and offer consumer convenience and safety. It offers products that provide effective cooking fire prevention solutions for both the residential and commercial markets. Its product portfolio includes Safe-T-element, SmartBurner, RangeMinder, and Safe-T-sensor. Its geographical coverage includes Canada and the United States whereas it generates the majority of its revenue from the United States.

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