Pioneering Technology (TSXV:PTE) Change In Receivables : C$-0.19 Mil (TTM As of Dec. 2023)

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What is Pioneering Technology Change In Receivables?

Pioneering Technology's change in receivables for the quarter that ended in Dec. 2023 was C$0.03 Mil. It means Pioneering Technology's Accounts Receivable declined by C$0.03 Mil from Sep. 2023 to Dec. 2023 .

Pioneering Technology's change in receivables for the fiscal year that ended in Sep. 2023 was C$0.08 Mil. It means Pioneering Technology's Accounts Receivable declined by C$0.08 Mil from Sep. 2022 to Sep. 2023 .

Pioneering Technology's Accounts Receivable for the quarter that ended in Dec. 2023 was C$0.37 Mil.

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 Receivable are being managed. Pioneering Technology's Days Sales Outstanding for the three months ended in Dec. 2023 was 51.21.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Pioneering Technology's liquidation value for the three months ended in Dec. 2023 was C$0.07 Mil.

Pioneering Technology Change In Receivables Historical Data

The historical data trend for Pioneering Technology's Change In Receivables 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 Receivables Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

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0.36

-0.81

0.69

0.08

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 Receivables	Get a 7-Day Free Trial															0.30	-0.22	-0.06	0.07	0.03

Pioneering Technology Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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$-0.19 Mil.

Pioneering Technology (TSXV:PTE) Change In Receivables 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 Receivable are being managed.

Pioneering Technology's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.367	/	0.654	*	91
=	51.21

2. In Ben Graham's calculation of liquidation value, Pioneering Technology's accounts receivable are only considered to be worth 75% of book value:

Pioneering Technology's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.712	-	1.887	+	0.75 * 0.367	+	0.5 * 1.945
=	0.07

Pioneering Technology Change In Receivables 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.

Executives

David Lee Dueck

Director

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