China Petroleum & Chemical (SHSE:600028) Days Sales Outstanding : 8.49 (As of Sep. 2023)

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What is China Petroleum & Chemical Days Sales Outstanding?

China Petroleum & Chemical's average Accounts Receivable for the three months ended in Sep. 2023 was ¥81,553 Mil. China Petroleum & Chemical's Revenue for the three months ended in Sep. 2023 was ¥876,259 Mil. Hence, China Petroleum & Chemical's Days Sales Outstanding for the three months ended in Sep. 2023 was 8.49.

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

SHSE:600028' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.61 Med: 8.56 Max: 13.63
Current: 7.56

During the past 13 years, China Petroleum & Chemical's highest Days Sales Outstanding was 13.63. The lowest was 4.61. And the median was 8.56.

SHSE:600028's Days Sales Outstanding is ranked better than
94.22% of 935 companies
in the Oil & Gas industry
Industry Median: 48.81 vs SHSE:600028: 7.56

China Petroleum & Chemical's Days Sales Outstanding increased from Sep. 2022 (7.02) to Sep. 2023 (8.49).

China Petroleum & Chemical Days Sales Outstanding Historical Data

The historical data trend for China Petroleum & Chemical'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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China Petroleum & Chemical Days Sales Outstanding Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Sales Outstanding

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7.95

6.87

7.79

4.68

4.47

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 Sales Outstanding	Get a 7-Day Free Trial															7.02	5.92	6.72	8.16	8.49

Competitive Comparison of China Petroleum & Chemical's Days Sales Outstanding

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

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

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

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

China Petroleum & Chemical 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.

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

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (34861	+	46364)	/	2 )	/	3318168	*	365
=	40612.5					/	3318168	*	365
=	4.47

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

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (73399	+	89706)	/	2 )	/	876259	*	365 / 4
=	81552.5					/	876259	*	365 / 4
=	8.49

China Petroleum & Chemical (SHSE:600028) Days Sales Outstanding Explanation

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

China Petroleum & Chemical Days Sales Outstanding Related Terms

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China Petroleum & Chemical (SHSE:600028) Business Description

Industry

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SNPMF:USA 00386:Hong Kong CHU:Germany

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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