PetroChina Co (PetroChina Co) Days Payable : 53.20 (As of Dec. 2023)

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What is PetroChina Co Days Payable?

PetroChina Co's average Accounts Payable for the three months ended in Dec. 2023 was $42,089 Mil. PetroChina Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $72,192 Mil. Hence, PetroChina Co's Days Payable for the three months ended in Dec. 2023 was 53.20.

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

PTRCY' s Days Payable Range Over the Past 10 Years
Min: 35.52 Med: 48.43 Max: 63.99
Current: 46.19

During the past 13 years, PetroChina Co's highest Days Payable was 63.99. The lowest was 35.52. And the median was 48.43.

PTRCY's Days Payable is ranked worse than
60.44% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs PTRCY: 46.19

PetroChina Co's Days Payable increased from Dec. 2022 (46.30) to Dec. 2023 (53.20). It may suggest that PetroChina Co delayed paying its suppliers.

PetroChina Co Days Payable Historical Data

The historical data trend for PetroChina Co'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.

* Premium members only.

PetroChina Co Days Payable Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.57

58.34

42.88

42.02

49.30

PetroChina Co 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															46.30	45.34	43.14	42.17	53.20

Competitive Comparison of PetroChina Co's Days Payable

For the Oil & Gas Integrated subindustry, PetroChina Co'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.

PetroChina Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroChina Co's Days Payable distribution charts can be found below:

* The bar in red indicates where PetroChina Co's Days Payable falls into.

PetroChina Co 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.

PetroChina Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (43712.007	+	43400.325)	/	2 )	/	322453.853	*	365
=	43556.166					/	322453.853	*	365
=	49.30

PetroChina Co'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
=	( (40778.032	+	43400.325)	/	2 )	/	72191.815	*	365 / 4
=	42089.1785					/	72191.815	*	365 / 4
=	53.20

PetroChina Co Days Payable Related Terms

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PetroChina Co (PetroChina Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PetroChina Co Ltd (OTCPK:PTRCY) » Definitions » Days Payable

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Traded in Other Exchanges

PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.