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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Days Sales Outstanding : 6.86 (As of Mar. 2024)


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What is Sinopec Shanghai Petrochemical Co Days Sales Outstanding?

Sinopec Shanghai Petrochemical Co's average Accounts Receivable for the three months ended in Mar. 2024 was $222 Mil. Sinopec Shanghai Petrochemical Co's Revenue for the three months ended in Mar. 2024 was $2,955 Mil. Hence, Sinopec Shanghai Petrochemical Co's Days Sales Outstanding for the three months ended in Mar. 2024 was 6.86.

The historical rank and industry rank for Sinopec Shanghai Petrochemical Co's Days Sales Outstanding or its related term are showing as below:

SHIIY' s Days Sales Outstanding Range Over the Past 10 Years
Min: 4.73   Med: 7.52   Max: 8.14
Current: 6.9

During the past 13 years, Sinopec Shanghai Petrochemical Co's highest Days Sales Outstanding was 8.14. The lowest was 4.73. And the median was 7.52.

SHIIY's Days Sales Outstanding is ranked better than
94.86% of 934 companies
in the Oil & Gas industry
Industry Median: 48.62 vs SHIIY: 6.90

Sinopec Shanghai Petrochemical Co's Days Sales Outstanding declined from Mar. 2023 (8.43) to Mar. 2024 (6.86).

Sinopec Shanghai Petrochemical Co Days Sales Outstanding Historical Data

The historical data trend for Sinopec Shanghai Petrochemical 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.

* Premium members only.

Sinopec Shanghai Petrochemical Co Days Sales Outstanding Chart

Sinopec Shanghai Petrochemical Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.24 6.53 4.67 8.39 7.89

Sinopec Shanghai Petrochemical 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.43 6.50 7.30 7.34 6.86

Competitive Comparison of Sinopec Shanghai Petrochemical Co's Days Sales Outstanding

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical Co's Days Sales Outstanding Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Sinopec Shanghai Petrochemical Co's Days Sales Outstanding falls into.


Sinopec Shanghai Petrochemical 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.

Sinopec Shanghai Petrochemical 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
=( (360.366 + 202.928) / 2 ) / 13026.749*365
=281.647 / 13026.749*365
=7.89

Sinopec Shanghai Petrochemical 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
=( (202.928 + 241.603) / 2 ) / 2955.254*365 / 4
=222.2655 / 2955.254*365 / 4
=6.86

* 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.

Sinopec Shanghai Petrochemical Co  (OTCPK:SHIIY) Days Sales Outstanding Explanation

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

Sinopec Shanghai Petrochemical Co Days Sales Outstanding Related Terms

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Sinopec Shanghai Petrochemical Co (Sinopec Shanghai Petrochemical Co) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shanghai Petrochemical Co Ltd (OTCPK:SHIIY) » Definitions » Days Sales Outstanding
Comparable Companies
SZSE:000096 SHSE:603906 SHSE:603003 SZSE:000159 SZSE:000554 SZSE:000407 SZSE:300839 SHSE:600387 SZSE:002778 NSE:RELIANCE MPC PSX VLO NSE:IOC TPE:6505 OHEL:NESTE XKAZ:KMGZ BOM:500547 TSE:5020 IST:TUPRS
Traded in Other Exchanges
SPTJF:USA 00338:Hong Kong SGJH:Germany SGJH:Germany 600688:China
Address
No. 48 Jinyi Road, Jinshan District, Shanghai, CHN, 200540
Website
http://www.sinopec.com
Sinopec Shanghai Petrochemical Co Ltd is a Chinese petrochemical company. The company's operating segment includes Synthetic fibers; Resins and plastics; Intermediate petrochemicals; Petroleum products; Trading of petrochemical products and Others. It generates maximum revenue from the Petroleum products segment. The petroleum products segment is equipped with crude oil refinery facilities used to produce qualified refined gasoline, fuel, diesel oil, heavy oil and liquefied petroleum gas, and provide raw materials for the group's downstream petrochemical processing facilities.