PetroChina Co (PetroChina Co) Days Sales Outstanding : 10.78 (As of Dec. 2023)

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What is PetroChina Co Days Sales Outstanding?

PetroChina Co's average Accounts Receivable for the three months ended in Dec. 2023 was $12,060 Mil. PetroChina Co's Revenue for the three months ended in Dec. 2023 was $102,081 Mil. Hence, PetroChina Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 10.78.

The historical rank and industry rank for PetroChina Co's Days Sales Outstanding or its related term are showing as below:

PTRCY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 7.03 Med: 9.03 Max: 11.24
Current: 9.95

During the past 13 years, PetroChina Co's highest Days Sales Outstanding was 11.24. The lowest was 7.03. And the median was 9.03.

PTRCY's Days Sales Outstanding is ranked better than
92.61% of 934 companies
in the Oil & Gas industry
Industry Median: 48.845 vs PTRCY: 9.95

PetroChina Co's Days Sales Outstanding increased from Dec. 2022 (9.89) to Dec. 2023 (10.78).

PetroChina Co Days Sales Outstanding Historical Data

The historical data trend for PetroChina Co's Days Sales Outstanding 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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PetroChina Co Days Sales Outstanding Chart

PetroChina Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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9.05

10.59

7.24

7.31

8.64

PetroChina Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															9.89	9.58	10.21	10.73	10.78

Competitive Comparison of PetroChina Co's Days Sales Outstanding

For the Oil & Gas Integrated subindustry, PetroChina Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

PetroChina Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, PetroChina Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where PetroChina Co's Days Sales Outstanding falls into.

PetroChina Co Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

PetroChina Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (10331.483	+	9630.122)	/	2 )	/	421698.552	*	365
=	9980.8025					/	421698.552	*	365
=	8.64

PetroChina Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (14488.963	+	9630.122)	/	2 )	/	102080.754	*	365 / 4
=	12059.5425					/	102080.754	*	365 / 4
=	10.78

PetroChina Co (OTCPK:PTRCY) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

PetroChina Co Days Sales Outstanding Related Terms

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PetroChina Co (PetroChina Co) Business Description

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PCCYF:USA 00857:Hong Kong PC6:Germany 601857:China

Address

No. 9 Dongzhimen North Street, Dongcheng District, Beijing, CHN, 100007

Website

http://www.petrochina.com.cn

PetroChina, the national champion that inherited the majority of Chinese onshore oil and gas assets, has developed into an international supermajor. In 2022, it produced more than 1.6 billion barrels of oil equivalent of oil and gas, and had more than 1.4 billion barrels of annual crude oil primary distillation capacity and more than 22,000 service stations. The fluctuations in the prices of crude oil, refined products, chemical products, and natural gas have a significant impact on PetroChina's revenue. State-owned China National Petroleum Corp is PetroChina's controlling shareholder with a stake of more than 80%.