Pioneer Cement (KAR:PIOC) Accounts Receivable: ₨1,796 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

KAR:PIOC Pioneer Cement Ltd KAR:PIOC
95 GF Score
Price ₨271.73
GF Value ₨214.48
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Pioneer Cement Accounts Receivable?

Pioneer Cement KAR:PIOC -1.61% 95 Accounts Receivable is ₨1,796 Mil as of Mar. 2026. GuruFocus rates KAR:PIOC with a GF Score™ of 95/100 and a GF Value™ of ₨214.48 (Modestly Overvalued). The stock has 4 warning signs investors should review.

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Pioneer Cement's accounts receivables for the quarter that ended in Mar. 2026 was ₨1,796 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Pioneer Cement's Days Sales Outstanding for the quarter that ended in Mar. 2026 was 16.32.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Pioneer Cement's Net-Net Working Capital per share for the quarter that ended in Mar. 2026 was ₨-120.20.


Pioneer Cement Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Pioneer Cement's Days Sales Outstanding for the quarter that ended in Mar. 2026 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1796.206/10041.688*91
=16.32

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Pioneer Cement's accounts receivable are only considered to be worth 75% of book value:

Pioneer Cement's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2026 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(4737.515+0.75 * 1796.206+0.5 * 7042.33-36910.275
-0-0)/227.156
=-120.20

* 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

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Pioneer Cement Accounts Receivable Related Terms


Pioneer Cement Accounts Receivable Historical Data

* Premium members only.

The historical data trend for Pioneer Cement's Accounts Receivable 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.

Pioneer Cement Accounts Receivable Chart

Pioneer Cement Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,333.98 1,708.22 1,825.65 1,864.19 1,786.30

Pioneer Cement Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Accounts Receivable 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 1,740.05 1,786.30 1,856.51 1,988.89 1,796.21
KAR:PIOC
95GF Score
Pioneer Cement Ltd KAR:PIOC
Accounts Receivable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pioneer Cement Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Frequently Asked Questions Learn more about Accounts Receivable →
What does a Accounts Receivable of ₨1,796 Mil mean?
Pioneer Cement (KAR:PIOC) has a Accounts Receivable of ₨1,796 Mil as of Mar. 2026. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Pioneer Cement and its competitors.
Is Pioneer Cement's Accounts Receivable too high?
Pioneer Cement's current Accounts Receivable is ₨1,796 Mil. Overall, Pioneer Cement has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Pioneer Cement's Accounts Receivable compare to CRH and VMC?
Pioneer Cement's Accounts Receivable of ₨1,796 Mil can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Receivable for a Building Materials company?
A good Accounts Receivable depends on the Building Materials industry context. However, Accounts Receivable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Receivable mean?
A high Accounts Receivable can signal that a stock is expensive relative to its fundamentals. Accounts receivable is the amount a company expects to receive from credit-extending customers. View historical data on Pioneer Cement and its competitors. Pioneer Cement's current Accounts Receivable is ₨1,796 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Cement stock overvalued right now?
Based on GuruFocus' analysis, Pioneer Cement (KAR:PIOC) is currently considered Modestly Overvalued. The stock's GF Value™ is ₨214.48, compared to a current price of ₨271.73 — trading 26.7% above its estimated fair value. The current Accounts Receivable is ₨1,796 Mil. Pioneer Cement's overall GF Score™ is 95/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Receivable calculated?
Accounts Receivable is calculated from a company's financial statements. For Pioneer Cement (KAR:PIOC), the current Accounts Receivable is ₨1,796 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Pioneer Cement (KAR:PIOC) Overvalued in 2026?

Based on GuruFocus' analysis, Pioneer Cement stock appears to be overvalued. The current stock price of ₨271.73 is trading 26.7% above its estimated GF Value™ of ₨214.48. GuruFocus considers Pioneer Cement to be Modestly Overvalued.

Key valuation signals for KAR:PIOC:

  • Accounts Receivable: ₨1,796 Mil
  • GF Value™: ₨214.48 vs. price of ₨271.73 (26.7% above fair value)
  • GF Score™: 95/100 with 4 warning signs

No single metric tells the full story. See the KAR:PIOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Pioneer Cement Business Description

Address 64-B/I, Gulberg-III, Lahore, PB, PAK
Pioneer Cement Ltd is a cement producer. The company's production facility is situated at Chenki, District Khushab in Punjab Province. The product range consists of Ordinary Portland Cement and Sulphate Resistant Cement. Its Ordinary Portland Cement is used for all structural work including all kinds of concrete construction and Sulphate Resistant Cement is used where sulfate salts are present in the soil or in saline water. Geographically, the company operates within Pakistan and Afghanistan and generates a majority of its revenue from Pakistan.
95GF Score

Get the complete analysis for KAR:PIOC

Accounts Receivable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₨271.73
Price
₨214.48
GF Value