China Petroleum Engineering Co (SHSE:600339) Days Payable : 151.72 (As of Dec. 2023)

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What is China Petroleum Engineering Co Days Payable?

China Petroleum Engineering Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥41,419 Mil. China Petroleum Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥24,910 Mil. Hence, China Petroleum Engineering Co's Days Payable for the three months ended in Dec. 2023 was 151.72.

The historical rank and industry rank for China Petroleum Engineering Co's Days Payable or its related term are showing as below:

SHSE:600339' s Days Payable Range Over the Past 10 Years
Min: 55.55 Med: 204.02 Max: 300.26
Current: 208.4

During the past 13 years, China Petroleum Engineering Co's highest Days Payable was 300.26. The lowest was 55.55. And the median was 204.02.

SHSE:600339's Days Payable is ranked better than
82.98% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SHSE:600339: 208.40

China Petroleum Engineering Co's Days Payable declined from Dec. 2022 (166.43) to Dec. 2023 (151.72). It may suggest that China Petroleum Engineering Co accelerated paying its suppliers.

China Petroleum Engineering Co Days Payable Historical Data

The historical data trend for China Petroleum Engineering Co's Days Payable 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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China Petroleum Engineering Co Days Payable Chart

China Petroleum Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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174.41

190.98

203.22

204.81

215.76

China Petroleum Engineering Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															166.43	288.04	205.02	223.84	151.72

Competitive Comparison of China Petroleum Engineering Co's Days Payable

For the Oil & Gas Equipment & Services subindustry, China Petroleum Engineering Co's Days Payable, along with its competitors' market caps and Days Payable 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 Engineering Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, China Petroleum Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Petroleum Engineering Co's Days Payable falls into.

China Petroleum Engineering Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Petroleum Engineering Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (44661.097	+	42361.561)	/	2 )	/	73606.595	*	365
=	43511.329					/	73606.595	*	365
=	215.76

China Petroleum Engineering Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (40477.24	+	42361.561)	/	2 )	/	24910.416	*	365 / 4
=	41419.4005					/	24910.416	*	365 / 4
=	151.72

China Petroleum Engineering Co Days Payable Related Terms

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China Petroleum Engineering Co (SHSE:600339) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum Engineering Co Ltd (SHSE:600339) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Courtyard 5, Anding Road, Hengyi Building, Building 2, Chaoyang District, Beijing, CHN, 100029

Website

http://www.600339.cc

China Petroleum Engineering Co Ltd provides surface facilities to petroleum upstream industry. The company's services include planning through front end engineering design to engineering, procurement, construction and project management consultancy for surface facilities, pipelines, buildings, water treatment facilities, highways, and infrastructure. The firm operates projects in China as well as in the overseas markets such as the Middle East, Central Asia, North Africa, America, Australia, and Europe.

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