Sinopec Oilfield Service (SHSE:600871) Change In Inventory : ¥0 Mil (TTM As of Mar. 2024)

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What is Sinopec Oilfield Service Change In Inventory?

Sinopec Oilfield Service's change in inventory for the quarter that ended in Mar. 2024 was ¥0 Mil. It means Sinopec Oilfield Service's inventory stayed the same from Dec. 2023 to Mar. 2024 .

Sinopec Oilfield Service's change in inventory for the fiscal year that ended in Dec. 2023 was ¥-88 Mil. It means Sinopec Oilfield Service's inventory increased by ¥88 Mil from Dec. 2022 to Dec. 2023 .

Sinopec Oilfield Service's Total Inventories for the quarter that ended in Mar. 2024 was ¥1,970 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sinopec Oilfield Service's Days Inventory for the quarter that ended in Mar. 2024 was 8.49.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinopec Oilfield Service's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.75.

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. Sinopec Oilfield Service's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

Sinopec Oilfield Service Change In Inventory Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service Change In Inventory Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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235.44

146.98

-40.41

-30.35

-87.95

Sinopec Oilfield Service Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Sinopec Oilfield Service 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥0 Mil.

Sinopec Oilfield Service (SHSE:600871) Change In Inventory Explanation

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

Sinopec Oilfield Service's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1587.209	/	17065.972	*	365 / 4
	=	8.49

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

Sinopec Oilfield Service's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17065.972	/	1587.209
	=	10.75

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.

Sinopec Oilfield Service's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1587.209	/	18533.34
	=	0.09

Sinopec Oilfield Service Change In Inventory Related Terms

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Sinopec Oilfield Service (SHSE:600871) Business Description

Industry

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Traded in Other Exchanges

YZCFF:USA 01033:Hong Kong YIZH:Germany

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

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