Pioneer Oil & Gas (Pioneer Oil & Gas) Total Inventories : $0.00 Mil (As of Jun. 2005)

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What is Pioneer Oil & Gas Total Inventories?

Pioneer Oil & Gas's total inventories for the quarter that ended in Jun. 2005 was $0.00 Mil. Pioneer Oil & Gas's average total inventories from the quarter that ended in Mar. 2005 to the quarter that ended in Jun. 2005 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pioneer Oil & Gas's Net-Net Working Capital per share for the quarter that ended in Jun. 2005 was $0.22.

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

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 Total Inventories Historical Data

The historical data trend for Pioneer Oil & Gas's Total Inventories 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 Total Inventories Chart

Pioneer Oil & Gas Annual Data

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Total Inventories

Pioneer Oil & Gas Quarterly Data
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Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Pioneer Oil & Gas Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Pioneer Oil & Gas (OTCPK:POGS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Pioneer Oil & Gas's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2005 is

	Net-Net Working Capital Per Share (Q: Jun. 2005 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(4.11	+	0.75 * 0.213	+	0.5 * 0	-	2.583
-	0	-	0)	/	7.8273
=	0.22

2. 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

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

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

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

4. 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Pioneer Oil & Gas Total Inventories Related Terms

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

Industry

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Traded in Other Exchanges

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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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