Sinopec Oilfield Service (SHSE:600871) Days Inventory : 8.49 (As of Mar. 2024)

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What is Sinopec Oilfield Service Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Sinopec Oilfield Service's Average Total Inventories for the three months ended in Mar. 2024 was ¥1,587 Mil. Sinopec Oilfield Service's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17,066 Mil. Hence, Sinopec Oilfield Service's Days Inventory for the three months ended in Mar. 2024 was 8.49.

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

SHSE:600871' s Days Inventory Range Over the Past 10 Years
Min: 5.71 Med: 8.47 Max: 89.3
Current: 8.27

During the past 13 years, Sinopec Oilfield Service's highest Days Inventory was 89.30. The lowest was 5.71. And the median was 8.47.

SHSE:600871's Days Inventory is ranked better than
83.15% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs SHSE:600871: 8.27

Sinopec Oilfield Service's Days Inventory increased from Mar. 2023 (8.18) to Mar. 2024 (8.49). It might indicate that Sinopec Oilfield Service's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sinopec Oilfield Service's Inventory Turnover for the three months ended in Mar. 2024 was 10.75.

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. Sinopec Oilfield Service's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.09.

Sinopec Oilfield Service Days Inventory Historical Data

The historical data trend for Sinopec Oilfield Service's Days Inventory 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 Service Days Inventory Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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7.44

6.42

6.00

5.92

5.71

Sinopec Oilfield Service Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															8.18	9.57	10.99	7.31	8.49

Competitive Comparison of Sinopec Oilfield Service's Days Inventory

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sinopec Oilfield Service's Days Inventory falls into.

Sinopec Oilfield Service Days Inventory Calculation

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

Sinopec Oilfield Service's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1116.341	+	1204.295)	/	2 )	/	74187.497	*	365
=	1160.318					/	74187.497	*	365
=	5.71

Sinopec Oilfield Service's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1204.295	+	1970.123)	/	2 )	/	17065.972	*	365 / 4
=	1587.209					/	17065.972	*	365 / 4
=	8.49

Sinopec Oilfield Service (SHSE:600871) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Sinopec Oilfield Service's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	17065.972	/	1587.209
	=	10.75

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.

Sinopec Oilfield Service's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1587.209	/	18533.34
	=	0.09

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Sinopec Oilfield Service Days Inventory Related Terms

Thank you for viewing the detailed overview of Sinopec Oilfield Service's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Sinopec Oilfield Service (SHSE:600871) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Service Corp (SHSE:600871) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

YZCFF:USA 01033:Hong Kong YIZH:Germany

Address

No. 9 Jishikou Road, Changyang District, Beijing, CHN, 100728

Website

https://ssc.sinopec.com

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.

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