China Petroleum & Chemical (HKSE:00386) Scaled Net Operating Assets : 0.60 (As of Sep. 2023)

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What is China Petroleum & Chemical Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Petroleum & Chemical's operating assets for the quarter that ended in Sep. 2023 was HK$2,032,036 Mil. China Petroleum & Chemical's operating liabilities for the quarter that ended in Sep. 2023 was HK$702,703 Mil. China Petroleum & Chemical's Total Assets for the quarter that ended in Jun. 2023 was HK$2,216,986 Mil. Therefore, China Petroleum & Chemical's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2023 was 0.60.

China Petroleum & Chemical Scaled Net Operating Assets Historical Data

The historical data trend for China Petroleum & Chemical's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Scaled Net Operating Assets

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0.49

0.66

0.60

0.55

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
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.52	0.56	0.64	0.60	0.60

Competitive Comparison of China Petroleum & Chemical's Scaled Net Operating Assets

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum & Chemical's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where China Petroleum & Chemical's Scaled Net Operating Assets falls into.

China Petroleum & Chemical Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

China Petroleum & Chemical's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2022 is calculated as

	Scaled Net Operating Assets (SNOA)		(A: Dec. 2022 )
=	(Operating Assets (A: Dec. 2022 )	-	Operating Liabilities (A: Dec. 2022 ))	/	Total Assets (A: Dec. 2021 )
=	(2010174.713	-	732230.957)	/	2313331.095
=	0.55

where

	Operating Assets		(A: Dec. 2022 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2176074.968	-	165900.255
=	2010174.713

	Operating Liabilities		(A: Dec. 2022 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1130564.214	-	306390.784	-	91942.473
=	732230.957

China Petroleum & Chemical's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2023 is calculated as

	Scaled Net Operating Assets (SNOA)		(Q: Sep. 2023 )
=	(Operating Assets (Q: Sep. 2023 )	-	Operating Liabilities (Q: Sep. 2023 ))	/	Total Assets (Q: Jun. 2023 )
=	(2032036.34	-	702702.783)	/	2216985.976
=	0.60

where

	Operating Assets		(Q: Sep. 2023 )
=	Total Assets	-	Cash, Cash Equivalents, Marketable Securities
=	2235985.612	-	203949.272
=	2032036.34

	Operating Liabilities		(Q: Sep. 2023 )
=	Total Liabilities	-	Long-Term Debt & Capital Lease Obligation	-	Short-Term Debt & Capital Lease Obligation
=	1213901.827	-	390730.959	-	120468.085
=	702702.783

China Petroleum & Chemical Scaled Net Operating Assets Related Terms

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China Petroleum & Chemical (HKSE:00386) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (HKSE:00386) » Definitions » Scaled Net Operating Assets

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Traded in Other Exchanges

SNPMF:USA CHU:Germany 600028:China

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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