Sinopec Oilfield Service (SHSE:600871) Days Payable : 187.98 (As of Mar. 2024)

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What is Sinopec Oilfield Service Days Payable?

Sinopec Oilfield Service's average Accounts Payable for the three months ended in Mar. 2024 was ¥35,157 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 Payable for the three months ended in Mar. 2024 was 187.98.

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

SHSE:600871' s Days Payable Range Over the Past 10 Years
Min: 134.12 Med: 169.8 Max: 213.81
Current: 167.39

During the past 13 years, Sinopec Oilfield Service's highest Days Payable was 213.81. The lowest was 134.12. And the median was 169.80.

SHSE:600871's Days Payable is ranked better than
79.09% of 899 companies
in the Oil & Gas industry
Industry Median: 59.45 vs SHSE:600871: 167.39

Sinopec Oilfield Service's Days Payable increased from Mar. 2023 (182.89) to Mar. 2024 (187.98). It may suggest that Sinopec Oilfield Service delayed paying its suppliers.

Sinopec Oilfield Service Days Payable Historical Data

The historical data trend for Sinopec Oilfield Service'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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Sinopec Oilfield Service Days Payable Chart

Sinopec Oilfield Service Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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148.59

149.30

160.36

170.37

169.22

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 Payable	Get a 7-Day Free Trial															182.89	170.94	176.00	142.24	187.98

Competitive Comparison of Sinopec Oilfield Service's Days Payable

For the Oil & Gas Drilling subindustry, Sinopec Oilfield Service'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.

Sinopec Oilfield Service's Days Payable Distribution in the Oil & Gas Industry

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

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

Sinopec Oilfield Service 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.

Sinopec Oilfield Service'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
=	( (33591.453	+	35195.688)	/	2 )	/	74187.497	*	365
=	34393.5705					/	74187.497	*	365
=	169.22

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

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (35195.688	+	35118.088)	/	2 )	/	17065.972	*	365 / 4
=	35156.888					/	17065.972	*	365 / 4
=	187.98

Sinopec Oilfield Service Days Payable Related Terms

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Sinopec Oilfield Service (SHSE:600871) Business Description

Industry

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

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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