China Petroleum & Chemical (SHSE:600028) Change In Inventory : ¥5,643 Mil (TTM As of Sep. 2023)

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What is China Petroleum & Chemical Change In Inventory?

China Petroleum & Chemical's change in inventory for the quarter that ended in Sep. 2023 was ¥13,663 Mil. It means China Petroleum & Chemical's inventory declined by ¥13,663 Mil from Jun. 2023 to Sep. 2023 .

China Petroleum & Chemical's change in inventory for the fiscal year that ended in Dec. 2022 was ¥-45,421 Mil. It means China Petroleum & Chemical's inventory increased by ¥45,421 Mil from Dec. 2021 to Dec. 2022 .

China Petroleum & Chemical's Total Inventories for the quarter that ended in Sep. 2023 was ¥268,252 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Petroleum & Chemical's Days Inventory for the quarter that ended in Sep. 2023 was 34.55.

Inventory Turnover measures how fast the company turns over its inventory within a year. China Petroleum & Chemical's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.64.

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. China Petroleum & Chemical's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.31.

China Petroleum & Chemical Change In Inventory Historical Data

The historical data trend for China Petroleum & Chemical's Change In Inventory 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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China Petroleum & Chemical Change In Inventory Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

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Dec15

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-2,670.00

-10,019.00

22,407.00

-58,372.00

-45,421.00

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															1,370.00	32,243.00	-10,234.00	-30,029.00	13,663.00

China Petroleum & Chemical Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥5,643 Mil.

China Petroleum & Chemical (SHSE:600028) Change In Inventory Explanation

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

China Petroleum & Chemical's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	274974	/	726218	*	365 / 4
	=	34.55

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

China Petroleum & Chemical's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	726218	/	274974
	=	2.64

3. 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.

China Petroleum & Chemical's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	274974	/	876259
	=	0.31

China Petroleum & Chemical Change In Inventory Related Terms

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China Petroleum & Chemical (SHSE:600028) Business Description

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SNPMF:USA 00386:Hong Kong CHU:Germany

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.

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