PTEFF (Pioneering Technology) Receivables Turnover : 1.93 (As of Jun. 2024)

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What is Pioneering Technology 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. Pioneering Technology's Revenue for the three months ended in Jun. 2024 was $0.65 Mil. Pioneering Technology's average Accounts Receivable for the three months ended in Jun. 2024 was $0.34 Mil. Hence, Pioneering Technology's Receivables Turnover for the three months ended in Jun. 2024 was 1.93.

Pioneering Technology Receivables Turnover Historical Data

The historical data trend for Pioneering Technology'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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Pioneering Technology Receivables Turnover Chart

Pioneering Technology Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Receivables Turnover

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7.45

8.75

4.47

5.13

6.42

Pioneering Technology Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Receivables Turnover	Get a 7-Day Free Trial															2.34	1.56	1.71	1.56	1.93

Competitive Comparison of Pioneering Technology's Receivables Turnover

For the Security & Protection Services subindustry, Pioneering Technology'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.

Pioneering Technology's Receivables Turnover Distribution in the Business Services Industry

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

* The bar in red indicates where Pioneering Technology's Receivables Turnover falls into.

Pioneering Technology Receivables Turnover Calculation

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

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

	Receivables Turnover (A: Sep. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2023 )	/ (	(Accounts Receivable (A: Sep. 2022 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )
=	2.123	/ (	(0.366	+	0.295)	/	2 )
=	2.123	/	0.3305
=	6.42

Pioneering Technology's Receivables Turnover for the quarter that ended in Jun. 2024 is calculated as

	Receivables Turnover (Q: Jun. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jun. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Jun. 2024 ))	/	count )
=	0.649	/ (	(0.221	+	0.453)	/	2 )
=	0.649	/	0.337
=	1.93

Pioneering Technology (OTCPK:PTEFF) 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.

Pioneering Technology Receivables Turnover Related Terms

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Pioneering Technology Business Description

Industry

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

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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.