SNPMF (China Petroleum & Chemical) Net Margin % : 2.34% (As of Jun. 2024)

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What is China Petroleum & Chemical Net Margin %?

Net margin is calculated as Net Income divided by its Revenue. China Petroleum & Chemical's Net Income for the three months ended in Jun. 2024 was $2,530 Mil. China Petroleum & Chemical's Revenue for the three months ended in Jun. 2024 was $108,366 Mil. Therefore, China Petroleum & Chemical's net margin for the quarter that ended in Jun. 2024 was 2.34%.

The historical rank and industry rank for China Petroleum & Chemical's Net Margin % or its related term are showing as below:

SNPMF' s Net Margin % Range Over the Past 10 Years
Min: 1.59 Med: 2 Max: 2.63
Current: 1.62

SNPMF's Net Margin % is ranked worse than
58.33% of 948 companies
in the Oil & Gas industry
Industry Median: 3.7 vs SNPMF: 1.62

China Petroleum & Chemical Net Margin % Historical Data

The historical data trend for China Petroleum & Chemical's Net Margin % 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 Net Margin % Chart

China Petroleum & Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Net Margin %

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1.94

1.59

2.63

2.05

1.85

China Petroleum & Chemical Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Net Margin %	Get a 7-Day Free Trial															2.05	0.63	2.37	2.34	1.02

Competitive Comparison of China Petroleum & Chemical's Net Margin %

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

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

* The bar in red indicates where China Petroleum & Chemical's Net Margin % falls into.

China Petroleum & Chemical Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

China Petroleum & Chemical's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin	=	Net Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	8166.438	/	440726.17
	=	1.85 %

China Petroleum & Chemical's Net Margin for the quarter that ended in Jun. 2024 is calculated as

Net Margin	=	Net Income (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2530.497	/	108366.163
	=	2.34 %

China Petroleum & Chemical (OTCPK:SNPMF) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.

China Petroleum & Chemical Net Margin % Related Terms

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China Petroleum & Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (OTCPK:SNPMF) » Definitions » Net Margin %

Comparable Companies

Traded in Other Exchanges

00386:Hong Kong CHU:Germany CHU:Germany 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 2023, Sinopec's production of oil and gas equivalent was 504.09 million barrels. The firm also processed 257.52 million metric tons of crude oil.