China Petroleum & Chemical (LSE:SNP) Inventory Turnover : 2.62 (As of Sep. 2023)

View and export this data going back to 2000. Start your Free Trial

What is China Petroleum & Chemical Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. China Petroleum & Chemical's Cost of Goods Sold for the three months ended in Sep. 2023 was $99,511 Mil. China Petroleum & Chemical's Average Total Inventories for the quarter that ended in Sep. 2023 was $38,046 Mil. China Petroleum & Chemical's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. China Petroleum & Chemical's Days Inventory for the three months ended in Sep. 2023 was 34.89.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. China Petroleum & Chemical's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.32.

China Petroleum & Chemical Inventory Turnover Historical Data

The historical data trend for China Petroleum & Chemical's Inventory Turnover 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.

China Petroleum & Chemical Inventory Turnover Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

12.60

12.96

10.19

12.33

11.86

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
Inventory Turnover	Get a 7-Day Free Trial															2.50	2.86	2.66	2.49	2.62

China Petroleum & Chemical Inventory Turnover Calculation

China Petroleum & Chemical's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	400858.041	/ (	(32567.629	+	35033.206)	/	2 )
=	400858.041	/	33800.4175
=	11.86

China Petroleum & Chemical's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	99510.544	/ (	(39335.325	+	36757.423)	/	2 )
=	99510.544	/	38046.374
=	2.62

China Petroleum & Chemical (LSE:SNP) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Petroleum & Chemical's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	38046.374	/	99510.544	*	365 / 4
	=	34.89

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

China Petroleum & Chemical's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	38046.374	/	120070.02
	=	0.32

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

China Petroleum & Chemical Inventory Turnover Related Terms

Thank you for viewing the detailed overview of China Petroleum & Chemical's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

China Petroleum & Chemical (LSE:SNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (LSE:SNP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong 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.

China Petroleum & Chemical (LSE:SNP) Headlines

No Headlines