Pioneer Oil & Gas (Pioneer Oil & Gas) Inventory Turnover : 0.00 (As of Jun. 2005)

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What is Pioneer Oil & Gas Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Pioneer Oil & Gas's Cost of Goods Sold for the three months ended in Jun. 2005 was $0.23 Mil. Pioneer Oil & Gas's Average Total Inventories for the quarter that ended in Jun. 2005 was $0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pioneer Oil & Gas's Days Inventory for the three months ended in Jun. 2005 was 0.00.

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 Oil & Gas's Inventory-to-Revenue for the quarter that ended in Jun. 2005 was 0.00.

Pioneer Oil & Gas Inventory Turnover Historical Data

The historical data trend for Pioneer Oil & Gas's Inventory 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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Pioneer Oil & Gas Inventory Turnover Chart

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Inventory Turnover

Pioneer Oil & Gas Quarterly Data
	Sep00	Dec00	Mar01	Jun01	Sep01	Dec01	Mar02	Jun02	Sep02	Dec02	Mar03	Jun03	Sep03	Dec03	Mar04	Jun04	Sep04	Dec04	Mar05	Jun05
Inventory Turnover	Get a 7-Day Free Trial															-	-	-	-	-

Pioneer Oil & Gas Inventory Turnover Calculation

Pioneer Oil & Gas's Inventory Turnover for the fiscal year that ended in Sep. 2004 is calculated as

	Inventory Turnover (A: Sep. 2004 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2004 )	/ (	(Total Inventories (A: Sep. 2003 )	+	Total Inventories (A: Sep. 2004 ))	/	count )
=	0.679	/ (	(0	+	0)	/	1 )
=	0.679	/	0
=	N/A

Pioneer Oil & Gas's Inventory Turnover for the quarter that ended in Jun. 2005 is calculated as

	Inventory Turnover (Q: Jun. 2005 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2005 )	/ (	(Total Inventories (Q: Mar. 2005 )	+	Total Inventories (Q: Jun. 2005 ))	/	count )
=	0.233	/ (	(0	+	0)	/	1 )
=	0.233	/	0
=	N/A

Pioneer Oil & Gas (OTCPK:POGS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Pioneer Oil & Gas's Days Inventory for the three months ended in Jun. 2005 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2005 )	/	Cost of Goods Sold (Q: Jun. 2005 )	*	Days in Period
	=	0	/	0.233	*	365 / 4
	=	0.00

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 Oil & Gas's Inventory to Revenue for the quarter that ended in Jun. 2005 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2005 )	/	Revenue (Q: Jun. 2005 )
	=	0	/	2.741
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Pioneer Oil & Gas Inventory Turnover Related Terms

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Pioneer Oil & Gas (Pioneer Oil & Gas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Oil & Gas (OTCPK:POGS) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

1206 West South Jordan Parkway, Unit B, South Jordan, UT, USA, 84095-5512

Website

http://www.piol.com

Pioneer Oil & Gas operates in the oil and gas integrated industry. The company is engaged in the business of acquiring, developing, producing, and selling oil and gas properties to companies located in the continental United States.

Executives

Don Jared Colton	director, 10 percent owner, officer: President	2172 GAMBEL OAK DR, SANDY UT 84092
Gregg B Colton	director, 10 percent owner, officer: Vice President and Secretary	1206 W SOUTH JORDON PARKWAY, UNITE B, SOUTH JORDAN UT 84095

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