Pioneering Technology (Pioneering Technology) Days Payable : 154.44 (As of Dec. 2023)

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What is Pioneering Technology Days Payable?

Pioneering Technology's average Accounts Payable for the three months ended in Dec. 2023 was $0.34 Mil. Pioneering Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.20 Mil. Hence, Pioneering Technology's Days Payable for the three months ended in Dec. 2023 was 154.44.

The historical rank and industry rank for Pioneering Technology's Days Payable or its related term are showing as below:

PTEFF' s Days Payable Range Over the Past 10 Years
Min: 46.38 Med: 133.32 Max: 303.87
Current: 119.34

During the past 13 years, Pioneering Technology's highest Days Payable was 303.87. The lowest was 46.38. And the median was 133.32.

PTEFF's Days Payable is ranked better than
79.07% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs PTEFF: 119.34

Pioneering Technology's Days Payable declined from Dec. 2022 (251.32) to Dec. 2023 (154.44). It may suggest that Pioneering Technology accelerated paying its suppliers.

Pioneering Technology Days Payable Historical Data

The historical data trend for Pioneering Technology's Days Payable 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 Days Payable Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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80.28

67.37

184.82

216.64

108.24

Pioneering Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															251.32	127.94	81.35	100.38	154.44

Competitive Comparison of Pioneering Technology's Days Payable

For the Security & Protection Services subindustry, Pioneering Technology's Days Payable, along with its competitors' market caps and Days Payable 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.

Pioneering Technology's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Pioneering Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Pioneering Technology's Days Payable falls into.

Pioneering Technology Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Pioneering Technology's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.435	+	0.237)	/	2 )	/	1.133	*	365
=	0.336					/	1.133	*	365
=	108.24

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.237	+	0.44)	/	2 )	/	0.2	*	365 / 4
=	0.3385					/	0.2	*	365 / 4
=	154.44

Pioneering Technology Days Payable Related Terms

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Pioneering Technology (Pioneering Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pioneering Technology Corp (OTCPK:PTEFF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PTE:Canada

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.

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