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GuruFocus has detected 3 Warning Signs with China Petroleum & Chemical Corp $SNP.
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China Petroleum & Chemical Corp (NYSE:SNP)
Days Payable
32.89 (As of Mar. 2017)

China Petroleum & Chemical Corp's payable for the three months ended in Mar. 2017 was $22,941 Mil. China Petroleum & Chemical Corp's cost of goods sold for the three months ended in Mar. 2017 was $63,651 Mil. Hence, China Petroleum & Chemical Corp's days payable for the three months ended in Mar. 2017 was 32.89.

SNP' s Days Payable Range Over the Past 10 Years
Min: 21.21   Max: 46.11
Current: 37.71

21.21
46.11

During the past 13 years, China Petroleum & Chemical Corp's highest Days Payable was 46.11. The lowest was 21.21. And the median was 31.90.

SNP's Days Payable is ranked lower than
63% of the 49 Companies
in the Global Oil & Gas Integrated industry.

( Industry Median: 50.93 vs. SNP: 37.71 )

China Petroleum & Chemical Corp's days payable declined from Mar. 2016 (37.41) to Mar. 2017 (32.89). 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 Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=25188.7337784/199383.074655*365
=46.11

China Petroleum & Chemical Corp's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=22941.3983174/63650.5657093*365 / 4
=32.89

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

China Petroleum & Chemical Corp Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.0021.2144.1532.5131.8634.2029.5628.3731.9046.11

China Petroleum & Chemical Corp Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 27.4433.3233.4231.7533.9937.4139.0836.4138.6332.89
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