Offshore Oil Engineering Co (SHSE:600583) Days Sales Outstanding : 84.26 (As of Mar. 2024)

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What is Offshore Oil Engineering Co Days Sales Outstanding?

Offshore Oil Engineering Co's average Accounts Receivable for the three months ended in Mar. 2024 was ¥5,237 Mil. Offshore Oil Engineering Co's Revenue for the three months ended in Mar. 2024 was ¥5,672 Mil. Hence, Offshore Oil Engineering Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 84.26.

The historical rank and industry rank for Offshore Oil Engineering Co's Days Sales Outstanding or its related term are showing as below:

SHSE:600583' s Days Sales Outstanding Range Over the Past 10 Years
Min: 68.63 Med: 107 Max: 124.73
Current: 68.63

During the past 13 years, Offshore Oil Engineering Co's highest Days Sales Outstanding was 124.73. The lowest was 68.63. And the median was 107.00.

SHSE:600583's Days Sales Outstanding is ranked worse than
68.77% of 935 companies
in the Oil & Gas industry
Industry Median: 48.81 vs SHSE:600583: 68.63

Offshore Oil Engineering Co's Days Sales Outstanding declined from Mar. 2023 (88.24) to Mar. 2024 (84.26).

Offshore Oil Engineering Co Days Sales Outstanding Historical Data

The historical data trend for Offshore Oil Engineering Co's Days Sales Outstanding 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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Offshore Oil Engineering Co Days Sales Outstanding Chart

Offshore Oil Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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111.95

124.73

120.11

74.15

73.70

Offshore Oil Engineering Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Sales Outstanding	Get a 7-Day Free Trial															88.24	76.89	81.55	48.23	84.26

Competitive Comparison of Offshore Oil Engineering Co's Days Sales Outstanding

For the Oil & Gas Equipment & Services subindustry, Offshore Oil Engineering Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Offshore Oil Engineering Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Offshore Oil Engineering Co's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Offshore Oil Engineering Co's Days Sales Outstanding falls into.

Offshore Oil Engineering Co Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Offshore Oil Engineering Co's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (6270.701	+	6147.4)	/	2 )	/	30752.038	*	365
=	6209.0505					/	30752.038	*	365
=	73.70

Offshore Oil Engineering Co's Days Sales Outstanding for the quarter that ended in Mar. 2024 is calculated as:

	Days Sales Outstanding (Q: Mar. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )	/	Revenue (A: Mar. 2024 )	*	Days in Period
=	( (6147.4	+	4326.547)	/	2 )	/	5671.671	*	365 / 4
=	5236.9735					/	5671.671	*	365 / 4
=	84.26

Offshore Oil Engineering Co (SHSE:600583) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Offshore Oil Engineering Co Days Sales Outstanding Related Terms

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Offshore Oil Engineering Co (SHSE:600583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Offshore Oil Engineering Co Ltd (SHSE:600583) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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Address

No. 199, Haibin 15 Road, TianjinPort Free Trade Zone, Tianjin, CHN, 300461

Website

http://www.cnoocengineering.com

Offshore Oil Engineering Co Ltd operates as an engineering design, procurement, construction, and installation (EPCI) company primarily for the oil and natural gas industry in China and internationally. The company provides technical services, subsea pipe maintenance, and other services for offshore oil underwater engineering; oil-gas field development and repair services; and consulting services for deep-sea engineering.

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