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China Petroleum & Chemical Corp (NYSE:SNP)
Days Payable
33.46 (As of Jun. 2015)

China Petroleum & Chemical Corp's payable for the three months ended in Jun. 2015 was $24,321 Mil. China Petroleum & Chemical Corp's cost of goods sold for the three months ended in Jun. 2015 was $66,321 Mil. Hence, China Petroleum & Chemical Corp's days payable for the three months ended in Jun. 2015 was 33.46.

China Petroleum & Chemical Corp's days payable declined from Mar. 2014 (36.81) to Jun. 2015 (33.46). It may suggest that China Petroleum & Chemical Corp accelerated paying its suppliers.


Definition

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

China Petroleum & Chemical Corp's Days Payable for the fiscal year that ended in Mar. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0/375696.257897*365
=0.00

China Petroleum & Chemical Corp's Days Payable for the quarter that ended in Jun. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=24320.5698446/66320.6665377*365 / 4
=33.46

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

China Petroleum & Chemical Corp Annual Data

Mar05Mar06Mar07Mar08Mar09Mar10Mar11Mar12Mar13Mar14
DaysPayable 0.000.000.000.000.000.000.000.000.000.00

China Petroleum & Chemical Corp Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Dec14Mar15Jun15
DaysPayable 31.3533.6628.0428.3128.7936.8134.620.0033.3233.46
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