CNOOC (XSWX:CNC) Days Payable : 2,352.95 (As of Dec. 2023)

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What is CNOOC Days Payable?

CNOOC's average Accounts Payable for the three months ended in Dec. 2023 was CHF8,398 Mil. CNOOC's Cost of Goods Sold for the three months ended in Dec. 2023 was CHF326 Mil. Hence, CNOOC's Days Payable for the three months ended in Dec. 2023 was 2,352.95.

The historical rank and industry rank for CNOOC's Days Payable or its related term are showing as below:

XSWX:CNC' s Days Payable Range Over the Past 10 Years
Min: 39.05 Med: 86.41 Max: 275.44
Current: 275.44

During the past 13 years, CNOOC's highest Days Payable was 275.44. The lowest was 39.05. And the median was 86.41.

XSWX:CNC's Days Payable is ranked better than
86.56% of 900 companies
in the Oil & Gas industry
Industry Median: 59.43 vs XSWX:CNC: 275.44

CNOOC's Days Payable increased from Sep. 2022 (71.80) to Dec. 2023 (2,352.95). It may suggest that CNOOC delayed paying its suppliers.

CNOOC Days Payable Historical Data

The historical data trend for CNOOC'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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CNOOC Days Payable Chart

CNOOC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.19

168.48

202.40

133.29

147.71

CNOOC Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															71.80	427.63	-	75.34	2,352.95

Competitive Comparison of CNOOC's Days Payable

For the Oil & Gas E&P subindustry, CNOOC'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.

CNOOC's Days Payable Distribution in the Oil & Gas Industry

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

* The bar in red indicates where CNOOC's Days Payable falls into.

CNOOC 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.

CNOOC's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (7989.362	+	7434.407)	/	2 )	/	19055.952	*	365
=	7711.8845					/	19055.952	*	365
=	147.71

CNOOC's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (9361.614	+	7434.407)	/	2 )	/	325.684	*	365 / 4
=	8398.0105					/	325.684	*	365 / 4
=	2,352.95

CNOOC Days Payable Related Terms

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CNOOC (XSWX:CNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Ltd (XSWX:CNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00883:Hong Kong NC2B:Germany 600938:China

Address

1 Garden Road, 65th Floor, Bank of China Tower, Hong Kong, HKG, 999077

Website

https://www.cnoocltd.com

CNOOC is China's main offshore oil and gas exploration and production company. Through its parent company, it has exclusive rights to partner with foreign companies in offshore China projects. Production for 2022 averaged 1.71 million barrels of oil equivalent per day (78.5% oil), and year-end proven reserves were 6.24 billion barrels of oil equivalent, or boe, (73.8% oil). Assets outside China make up around 30.6% of production.