Sinopec Oilfield Service (SHSE:600871) Days Sales Outstanding

: 38.99 (As of Dec. 2023)

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Sinopec Oilfield Service's average Accounts Receivable for the three months ended in Dec. 2023 was ¥10,314 Mil. Sinopec Oilfield Service's Revenue for the three months ended in Dec. 2023 was ¥24,138 Mil. Hence, Sinopec Oilfield Service's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.99.

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

SHSE:600871' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.08 Med: 87.02 Max: 216.96
Current: 45.08

During the past 13 years, Sinopec Oilfield Service's highest Days Sales Outstanding was 216.96. The lowest was 45.08. And the median was 87.02.

SHSE:600871's Days Sales Outstanding is ranked better than
53.7% of 933 companies
in the Oil & Gas industry
Industry Median: 48.88 vs SHSE:600871: 45.08

Sinopec Oilfield Service's Days Sales Outstanding increased from Dec. 2022 (38.62) to Dec. 2023 (38.99).

Sinopec Oilfield Service Days Sales Outstanding Historical Data

The historical data trend for Sinopec Oilfield Service'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.

* Premium members only.

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

72.16

57.25

45.96

46.23

48.24

Sinopec Oilfield Service 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																38.62	49.67	43.32	46.95	38.99

Competitive Comparison

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.

Sinopec Oilfield Service Days Sales Outstanding Distribution

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

* The bar in red indicates where Sinopec Oilfield Service's Days Sales Outstanding falls into.

Sinopec Oilfield Service 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.

Sinopec Oilfield Service'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
=	( (10537.217	+	10602.242)	/	2 )	/	79980.939	*	365
=	10569.7295					/	79980.939	*	365
=	48.24

Sinopec Oilfield Service'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
=	( (10025.929	+	10602.242)	/	2 )	/	24137.963	*	365 / 4
=	10314.0855					/	24137.963	*	365 / 4
=	38.99

Sinopec Oilfield Service (SHSE:600871) Days Sales Outstanding Explanation

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

Sinopec Oilfield Service Days Sales Outstanding Related Terms

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Sinopec Oilfield Service (SHSE:600871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (SHSE:600871) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

YZCFF:USA 01033:Hong Kong YIZH:Germany

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

Sinopec Oilfield Service Corp engages in the provision of onshore and offshore oil and natural gas, exploration, provision of contracting, design, and construction services for the oil and gas projects. It operates through five segments: Geophysics, which provides technical and development, exploration geophysical services; Drilling engineering segment, which provides drilling design, and construction, technical services; Logging and mud logging segment; Special downhole segment, which provides oil engineering technical and construction services; and Engineering construction segment, which provides a package of services, including feasibility studies, procurement, and others. Its geographical segments are, The PRC, Middle East and Other countries.

Sinopec Oilfield Service (SHSE:600871) Headlines

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