Sinopec Oilfield Equipment (SZSE:000852) Days Sales Outstanding : 138.52 (As of Mar. 2024)

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What is Sinopec Oilfield Equipment Days Sales Outstanding?

Sinopec Oilfield Equipment's average Accounts Receivable for the three months ended in Mar. 2024 was ¥2,539 Mil. Sinopec Oilfield Equipment's Revenue for the three months ended in Mar. 2024 was ¥1,672 Mil. Hence, Sinopec Oilfield Equipment's Days Sales Outstanding for the three months ended in Mar. 2024 was 138.52.

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

SZSE:000852' s Days Sales Outstanding Range Over the Past 10 Years
Min: 69.85 Med: 99.37 Max: 230.88
Current: 123.07

During the past 13 years, Sinopec Oilfield Equipment's highest Days Sales Outstanding was 230.88. The lowest was 69.85. And the median was 99.37.

SZSE:000852's Days Sales Outstanding is ranked worse than
87.41% of 937 companies
in the Oil & Gas industry
Industry Median: 48.71 vs SZSE:000852: 123.07

Sinopec Oilfield Equipment's Days Sales Outstanding increased from Mar. 2023 (112.56) to Mar. 2024 (138.52).

Sinopec Oilfield Equipment Days Sales Outstanding Historical Data

The historical data trend for Sinopec Oilfield Equipment'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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Sinopec Oilfield Equipment Days Sales Outstanding Chart

Sinopec Oilfield Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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98.48

87.58

83.40

92.36

100.25

Sinopec Oilfield Equipment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															112.56	111.06	147.81	108.87	138.52

Competitive Comparison of Sinopec Oilfield Equipment's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Sinopec Oilfield Equipment'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 Equipment's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

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

Sinopec Oilfield Equipment 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 Equipment'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
=	( (2159.61	+	2453.322)	/	2 )	/	8398.012	*	365
=	2306.466					/	8398.012	*	365
=	100.25

Sinopec Oilfield Equipment's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (2453.322	+	2624.129)	/	2 )	/	1672.33	*	365 / 4
=	2538.7255					/	1672.33	*	365 / 4
=	138.52

Sinopec Oilfield Equipment (SZSE:000852) 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 Equipment Days Sales Outstanding Related Terms

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Sinopec Oilfield Equipment (SZSE:000852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Equipment Corp (SZSE:000852) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Huagongyuan First Road, Donghu New Technology Development Zone, Miaoshan Community, Hubei, Wuhan, CHN, 430205

Website

http://sofe.sinopec.com

Sinopec Oilfield Equipment Corp is engaged in making petroleum drilling and mining equipment. It includes the development, sales, inspection, and maintenance services of drill bits, drilling tools, manifolds, valves, downhole tools, and instruments.

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