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Sinopec Oilfield Service (SHSE:600871) Gross-Profit-to-Asset % : 7.35% (As of Sep. 2024)


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What is Sinopec Oilfield Service Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Sinopec Oilfield Service's annualized Gross Profit for the quarter that ended in Sep. 2024 was ¥5,569 Mil. Sinopec Oilfield Service's average Total Assets over the quarter that ended in Sep. 2024 was ¥75,813 Mil. Therefore, Sinopec Oilfield Service's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 was 7.35%.


Sinopec Oilfield Service Gross-Profit-to-Asset % Historical Data

The historical data trend for Sinopec Oilfield Service's Gross-Profit-to-Asset % 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 Gross-Profit-to-Asset % Chart

Sinopec Oilfield Service Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.97 8.11 8.01 8.53 7.92

Sinopec Oilfield Service Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.51 9.98 7.84 7.92 7.35

Competitive Comparison of Sinopec Oilfield Service's Gross-Profit-to-Asset %

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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's Gross-Profit-to-Asset % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Oilfield Service's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Sinopec Oilfield Service's Gross-Profit-to-Asset % falls into.



Sinopec Oilfield Service Gross-Profit-to-Asset % Calculation

Sinopec Oilfield Service's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=5793.442/( (71208.061+75162.974)/ 2 )
=5793.442/73185.5175
=7.92 %

Sinopec Oilfield Service's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=5569.096/( (75900.751+75725.342)/ 2 )
=5569.096/75813.0465
=7.35 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Sep. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


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Sinopec Oilfield Service Business Description

Traded in Other Exchanges
Address
No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728
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 Headlines

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