Pioneer Global Group (HKSE:00224) Total Inventories : HK$0.0 Mil (As of Sep. 2023)

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What is Pioneer Global Group Total Inventories?

Pioneer Global Group's total inventories for the quarter that ended in Sep. 2023 was HK$0.0 Mil. Pioneer Global Group's average total inventories from the quarter that ended in Mar. 2023 to the quarter that ended in Sep. 2023 was HK$0.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Pioneer Global Group's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was HK$-2.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pioneer Global Group's Days Inventory for the six months ended in Sep. 2023 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Pioneer Global Group's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Pioneer Global Group Total Inventories Historical Data

The historical data trend for Pioneer Global Group's Total Inventories 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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Pioneer Global Group Total Inventories Chart

Pioneer Global Group Annual Data

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Total Inventories

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Pioneer Global Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Pioneer Global Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Pioneer Global Group (HKSE:00224) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Pioneer Global Group's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(214.873	+	0.75 * 3.466	+	0.5 * 0	-	2441.898
-	0	-	1114.32)	/	1154.039
=	-2.89

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Pioneer Global Group's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	27.792	*	365 / 2
	=	0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Pioneer Global Group's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	27.792	/	0
	=	N/A

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Pioneer Global Group's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	125.427
	=	0.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Pioneer Global Group Total Inventories Related Terms

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Pioneer Global Group (HKSE:00224) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Pioneer Global Group Ltd (HKSE:00224) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

68 Yee Wo Street, 18th Floor, Causeway Bay, Hong Kong, HKG

Website

http://www.pioneerglobalgroup.com

Pioneer Global Group Ltd is an investment holding company. The company's operating segment includes Properties and hotels, and Investments and others. The company generates maximum revenue from the Properties and hotels segment which involves investment in properties and hotels that earn rental and returns in hotel operation. The company earns revenue from the rental, dividend, and interest income. Geographically, the company derives a majority of its revenue from Hong Kong and also has an international presence.

Executives

Gaw Kenneth	2305 Beneficiary of a trust
Gaw Wang Rossana	2201 Interest of corporation controlled by you
Forward Investments Inc.	2101 Beneficial owner
Asset-plus Investments Ltd.	2101 Beneficial owner
Intercontinental Enterprises Corp.	2101 Beneficial owner

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