Pioneer Oil & Gas (Pioneer Oil & Gas) Receivables Turnover : 13.15 (As of Jun. 2005)

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What is Pioneer Oil & Gas Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Pioneer Oil & Gas's Revenue for the three months ended in Jun. 2005 was $2.74 Mil. Pioneer Oil & Gas's average Accounts Receivable for the three months ended in Jun. 2005 was $0.21 Mil. Hence, Pioneer Oil & Gas's Receivables Turnover for the three months ended in Jun. 2005 was 13.15.

Pioneer Oil & Gas Receivables Turnover Historical Data

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

Pioneer Oil & Gas Annual Data

Trend

Sep00

Sep01

Sep02

Sep03

Sep04

Receivables Turnover

12.24

7.97

14.24

8.51

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
Receivables Turnover	Get a 7-Day Free Trial															1.43	1.73	1.83	12.10	13.15

Competitive Comparison of Pioneer Oil & Gas's Receivables Turnover

For the Oil & Gas Integrated subindustry, Pioneer Oil & Gas's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Oil & Gas's Receivables Turnover Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pioneer Oil & Gas's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Pioneer Oil & Gas's Receivables Turnover falls into.

Pioneer Oil & Gas Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

	Receivables Turnover (A: Sep. 2004 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2004 )	/ (	(Accounts Receivable (A: Sep. 2003 )	+	Accounts Receivable (A: Sep. 2004 ))	/	count )
=	1.918	/ (	(0.15	+	0.301)	/	2 )
=	1.918	/	0.2255
=	8.51

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

	Receivables Turnover (Q: Jun. 2005 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2005 )	/ (	(Accounts Receivable (Q: Mar. 2005 )	+	Accounts Receivable (Q: Jun. 2005 ))	/	count )
=	2.741	/ (	(0.204	+	0.213)	/	2 )
=	2.741	/	0.2085
=	13.15

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

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Pioneer Oil & Gas Receivables 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 » Receivables Turnover

Comparable Companies

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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