China Petroleum & Chemical (HKSE:00386) Change In Receivables : HK$-31,694 Mil (TTM As of Sep. 2023)

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What is China Petroleum & Chemical Change In Receivables?

China Petroleum & Chemical's change in receivables for the quarter that ended in Sep. 2023 was HK$-45,408 Mil. It means China Petroleum & Chemical's Accounts Receivable increased by HK$45,408 Mil from Jun. 2023 to Sep. 2023 .

China Petroleum & Chemical's change in receivables for the fiscal year that ended in Dec. 2022 was HK$2,204 Mil. It means China Petroleum & Chemical's Accounts Receivable declined by HK$2,204 Mil from Dec. 2021 to Dec. 2022 .

China Petroleum & Chemical's Accounts Receivable for the quarter that ended in Sep. 2023 was HK$96,228 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. China Petroleum & Chemical's Days Sales Outstanding for the three months ended in Sep. 2023 was 9.34.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. China Petroleum & Chemical's liquidation value for the three months ended in Sep. 2023 was HK$-793,904 Mil.

China Petroleum & Chemical Change In Receivables Historical Data

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

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Receivables

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-1,145.02

-13,133.80

-20,875.47

-10,012.47

2,204.40

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 Receivables	Get a 7-Day Free Trial															24,930.89	32,280.87	-28,607.00	10,039.81	-45,407.64

China Petroleum & Chemical Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 HK$-31,694 Mil.

China Petroleum & Chemical (HKSE:00386) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

China Petroleum & Chemical's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	96228.151	/	939968.153	*	91
=	9.34

2. In Ben Graham's calculation of liquidation value, China Petroleum & Chemical's accounts receivable are only considered to be worth 75% of book value:

China Petroleum & Chemical's liquidation value for the quarter that ended in Sep. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	203949.272	-	1213901.827	+	0.75 * 96228.151	+	0.5 * 287755.489
=	-793,904

China Petroleum & Chemical Change In Receivables Related Terms

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China Petroleum & Chemical (HKSE:00386) Business Description

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SNPMF:USA CHU:Germany 600028:China

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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