China Petroleum & Chemical (FRA:CHU) Days Inventory : 34.62 (As of Sep. 2023)

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What is China Petroleum & Chemical Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). China Petroleum & Chemical's Average Total Inventories for the three months ended in Sep. 2023 was €35,374 Mil. China Petroleum & Chemical's Cost of Goods Sold for the three months ended in Sep. 2023 was €93,241 Mil. Hence, China Petroleum & Chemical's Days Inventory for the three months ended in Sep. 2023 was 34.62.

The historical rank and industry rank for China Petroleum & Chemical's Days Inventory or its related term are showing as below:

FRA:CHU' s Days Inventory Range Over the Past 10 Years
Min: 28.18 Med: 31.75 Max: 39.22
Current: 34.6

During the past 13 years, China Petroleum & Chemical's highest Days Inventory was 39.22. The lowest was 28.18. And the median was 31.75.

FRA:CHU's Days Inventory is ranked worse than
53.01% of 730 companies
in the Oil & Gas industry
Industry Median: 31.41 vs FRA:CHU: 34.60

China Petroleum & Chemical's Days Inventory declined from Sep. 2022 (35.24) to Sep. 2023 (34.62).

Inventory Turnover measures how fast the company turns over its inventory within a year. China Petroleum & Chemical's Inventory Turnover for the three months ended in Sep. 2023 was 2.64.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. China Petroleum & Chemical's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.31.

China Petroleum & Chemical Days Inventory Historical Data

The historical data trend for China Petroleum & Chemical's Days Inventory 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.

* Premium members only.

China Petroleum & Chemical Days Inventory Chart

China Petroleum & Chemical Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

28.40

27.84

37.67

28.73

29.85

China Petroleum & Chemical Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															35.24	33.11	34.50	36.86	34.62

Competitive Comparison of China Petroleum & Chemical's Days Inventory

For the Oil & Gas Integrated subindustry, China Petroleum & Chemical's Days Inventory, along with its competitors' market caps and Days Inventory 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 & Chemical's Days Inventory Distribution in the Oil & Gas Industry

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

* The bar in red indicates where China Petroleum & Chemical's Days Inventory falls into.

China Petroleum & Chemical Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

China Petroleum & Chemical's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (28822.352	+	33071.346)	/	2 )	/	378409.99	*	365
=	30946.849					/	378409.99	*	365
=	29.85

China Petroleum & Chemical's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (36306.505	+	34441.706)	/	2 )	/	93241.38	*	365 / 4
=	35374.1055					/	93241.38	*	365 / 4
=	34.62

China Petroleum & Chemical (FRA:CHU) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

China Petroleum & Chemical's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	93241.38	/	35374.1055
	=	2.64

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

China Petroleum & Chemical's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35374.1055	/	112505.609
	=	0.31

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

China Petroleum & Chemical Days Inventory Related Terms

Thank you for viewing the detailed overview of China Petroleum & Chemical's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

China Petroleum & Chemical (FRA:CHU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » China Petroleum & Chemical Corp (FRA:CHU) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

SNPMF:USA 00386:Hong Kong CHU:Germany CHU:Germany 600028:China

Address

No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, CHN, 100728

Website

http://www.sinopec.com

China Petroleum & Chemical, or Sinopec, is one of China's national oil companies and one of Asian's largest integrated oil companies in terms of revenue. Its income is derived primarily from refining and marketing of oil products and petrochemical production. Sinopec has China's largest petrol station network with over 30,000 stations and enjoys significant market share in petrochemicals. Established in 2000 by China Petrochemical Corporation, a state-owned enterprise and majority shareholder, the company also owns oil and gas assets in Shandong and Sichuan provinces. It has a smaller global upstream presence than peers PetroChina and CNOOC. In 2022, Sinopec's production of oil and gas equivalent was 488.99 million barrels. The firm also processed 242 million metric tons of crude oil.