CNOOC Energy Technology & Services (SHSE:600968) Days Payable : 123.12 (As of Mar. 2024)

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What is CNOOC Energy Technology & Services Days Payable?

CNOOC Energy Technology & Services's average Accounts Payable for the three months ended in Mar. 2024 was ¥10,947 Mil. CNOOC Energy Technology & Services's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8,113 Mil. Hence, CNOOC Energy Technology & Services's Days Payable for the three months ended in Mar. 2024 was 123.12.

The historical rank and industry rank for CNOOC Energy Technology & Services's Days Payable or its related term are showing as below:

SHSE:600968' s Days Payable Range Over the Past 10 Years
Min: 67.59 Med: 91.97 Max: 102.69
Current: 83.93

During the past 11 years, CNOOC Energy Technology & Services's highest Days Payable was 102.69. The lowest was 67.59. And the median was 91.97.

SHSE:600968's Days Payable is ranked better than
61.49% of 901 companies
in the Oil & Gas industry
Industry Median: 59.19 vs SHSE:600968: 83.93

CNOOC Energy Technology & Services's Days Payable increased from Mar. 2023 (107.24) to Mar. 2024 (123.12). It may suggest that CNOOC Energy Technology & Services delayed paying its suppliers.

CNOOC Energy Technology & Services Days Payable Historical Data

The historical data trend for CNOOC Energy Technology & Services'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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CNOOC Energy Technology & Services Days Payable Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.49

91.92

98.29

92.02

102.69

CNOOC Energy Technology & Services 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															107.24	83.16	88.86	65.52	123.12

Competitive Comparison of CNOOC Energy Technology & Services's Days Payable

For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.

CNOOC Energy Technology & Services's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Days Payable distribution charts can be found below:

* The bar in red indicates where CNOOC Energy Technology & Services's Days Payable falls into.

CNOOC Energy Technology & Services 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.

CNOOC Energy Technology & Services'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
=	( (11284.373	+	12724.121)	/	2 )	/	42667.613	*	365
=	12004.247					/	42667.613	*	365
=	102.69

CNOOC Energy Technology & Services'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
=	( (12724.121	+	9169.509)	/	2 )	/	8113.159	*	365 / 4
=	10946.815					/	8113.159	*	365 / 4
=	123.12

CNOOC Energy Technology & Services Days Payable Related Terms

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CNOOC Energy Technology & Services (SHSE:600968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Energy Technology & Services Ltd (SHSE:600968) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 6 Waizhi Street, Haiyou Building, Dongzhimen, Dongcheng District, Beijing, CHN, 100027

Website

https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers most of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: energy technology services, FPSO production technology services , energy logistics services, safety, environmental protection and energy conservation.

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