CNOOC Energy Technology & Services (SHSE:600968) Days Sales Outstanding : 92.98 (As of Mar. 2024)

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What is CNOOC Energy Technology & Services Days Sales Outstanding?

CNOOC Energy Technology & Services's average Accounts Receivable for the three months ended in Mar. 2024 was ¥9,382 Mil. CNOOC Energy Technology & Services's Revenue for the three months ended in Mar. 2024 was ¥9,207 Mil. Hence, CNOOC Energy Technology & Services's Days Sales Outstanding for the three months ended in Mar. 2024 was 92.98.

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

SHSE:600968' s Days Sales Outstanding Range Over the Past 10 Years
Min: 72.44 Med: 99.39 Max: 142.65
Current: 72.44

During the past 11 years, CNOOC Energy Technology & Services's highest Days Sales Outstanding was 142.65. The lowest was 72.44. And the median was 99.39.

SHSE:600968's Days Sales Outstanding is ranked worse than
71.93% of 937 companies
in the Oil & Gas industry
Industry Median: 48.71 vs SHSE:600968: 72.44

CNOOC Energy Technology & Services's Days Sales Outstanding declined from Mar. 2023 (105.52) to Mar. 2024 (92.98).

CNOOC Energy Technology & Services Days Sales Outstanding Historical Data

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

CNOOC Energy Technology & Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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99.31

99.47

93.64

88.99

83.40

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 Sales Outstanding	Get a 7-Day Free Trial															105.52	80.71	84.10	52.36	92.98

Competitive Comparison of CNOOC Energy Technology & Services's Days Sales Outstanding

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

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

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

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

CNOOC Energy Technology & Services 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.

CNOOC Energy Technology & Services'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
=	( (12367.41	+	10166.423)	/	2 )	/	49307.958	*	365
=	11266.9165					/	49307.958	*	365
=	83.40

CNOOC Energy Technology & Services'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
=	( (10166.423	+	8596.744)	/	2 )	/	9207.087	*	365 / 4
=	9381.5835					/	9207.087	*	365 / 4
=	92.98

CNOOC Energy Technology & Services (SHSE:600968) Days Sales Outstanding Explanation

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

CNOOC Energy Technology & Services Days Sales Outstanding 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 Sales Outstanding

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Traded in Other Exchanges

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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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