China Petroleum & Chemical (HKSE:00386) Days Payable : 32.28 (As of Sep. 2023)

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What is China Petroleum & Chemical Days Payable?

China Petroleum & Chemical's average Accounts Payable for the three months ended in Sep. 2023 was HK$275,595 Mil. China Petroleum & Chemical's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$779,018 Mil. Hence, China Petroleum & Chemical's Days Payable for the three months ended in Sep. 2023 was 32.28.

The historical rank and industry rank for China Petroleum & Chemical's Days Payable or its related term are showing as below:

HKSE:00386' s Days Payable Range Over the Past 10 Years
Min: 27.88 Med: 31.1 Max: 38.71
Current: 32.55

During the past 13 years, China Petroleum & Chemical's highest Days Payable was 38.71. The lowest was 27.88. And the median was 31.10.

HKSE:00386's Days Payable is ranked worse than
73.64% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs HKSE:00386: 32.55

China Petroleum & Chemical's Days Payable increased from Sep. 2022 (30.83) to Sep. 2023 (32.28). It may suggest that China Petroleum & Chemical delayed paying its suppliers.

China Petroleum & Chemical Days Payable Historical Data

The historical data trend for China Petroleum & Chemical'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.

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China Petroleum & Chemical Days Payable Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

30.68

27.88

35.29

29.19

31.49

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
Days Payable	Get a 7-Day Free Trial															30.83	30.56	34.25	33.29	32.28

Competitive Comparison of China Petroleum & Chemical's Days Payable

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical'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.

China Petroleum & Chemical's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where China Petroleum & Chemical's Days Payable falls into.

China Petroleum & Chemical 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.

China Petroleum & Chemical's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (249692.161	+	288829.328)	/	2 )	/	3120840.188	*	365
=	269260.7445					/	3120840.188	*	365
=	31.49

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

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (267883.262	+	283305.905)	/	2 )	/	779018.295	*	365 / 4
=	275594.5835					/	779018.295	*	365 / 4
=	32.28

China Petroleum & Chemical Days Payable Related Terms

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China Petroleum & Chemical (HKSE:00386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (HKSE:00386) » Definitions » Days Payable

Comparable Companies

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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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