Pioneering Technology (Pioneering Technology) Days Sales Outstanding : 53.31 (As of Dec. 2023)

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What is Pioneering Technology Days Sales Outstanding?

Pioneering Technology's average Accounts Receivable for the three months ended in Dec. 2023 was $0.28 Mil. Pioneering Technology's Revenue for the three months ended in Dec. 2023 was $0.49 Mil. Hence, Pioneering Technology's Days Sales Outstanding for the three months ended in Dec. 2023 was 53.31.

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

PTEFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 20.1 Med: 62.88 Max: 114.8
Current: 42.85

During the past 13 years, Pioneering Technology's highest Days Sales Outstanding was 114.80. The lowest was 20.10. And the median was 62.88.

PTEFF's Days Sales Outstanding is ranked better than
72.76% of 1039 companies
in the Business Services industry
Industry Median: 58.53 vs PTEFF: 42.85

Pioneering Technology's Days Sales Outstanding declined from Dec. 2022 (64.22) to Dec. 2023 (53.31).

Pioneering Technology Days Sales Outstanding Historical Data

The historical data trend for Pioneering Technology's Days Sales Outstanding 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 Sales Outstanding Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Sales Outstanding

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48.98

41.71

81.69

71.08

56.82

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 Sales Outstanding	Get a 7-Day Free Trial															64.22	36.01	38.98	58.54	53.31

Competitive Comparison of Pioneering Technology's Days Sales Outstanding

For the Security & Protection Services subindustry, Pioneering Technology's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Business Services Industry

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

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

Pioneering Technology Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0.366	+	0.295)	/	2 )	/	2.123	*	365
=	0.3305					/	2.123	*	365
=	56.82

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (0.295	+	0.274)	/	2 )	/	0.487	*	365 / 4
=	0.2845					/	0.487	*	365 / 4
=	53.31

Pioneering Technology (OTCPK:PTEFF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Pioneering Technology Days Sales Outstanding 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 Sales Outstanding

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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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