Sinopec Oilfield Equipment (SZSE:000852) Cash per Share : ¥0.71 (As of Mar. 2024)

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What is Sinopec Oilfield Equipment Cash per Share?

Cash per Share is calculated as Cash, Cash Equivalents, Marketable Securities divided by Shares Outstanding (EOP). Sinopec Oilfield Equipment's Cash per Share for the quarter that ended in Mar. 2024 was ¥0.71.

Sinopec Oilfield Equipment Cash per Share Historical Data

The historical data trend for Sinopec Oilfield Equipment's Cash per Share 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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Sinopec Oilfield Equipment Cash per Share Chart

Sinopec Oilfield Equipment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Cash per Share

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0.20

0.13

0.07

1.03

1.48

Sinopec Oilfield Equipment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash per Share	Get a 7-Day Free Trial															0.80	0.85	0.91	1.48	0.71

Sinopec Oilfield Equipment Cash per Share Calculation

This is the ratio of a company's available cash, including easy to liquidate short-term investment, to its total number of shares outstanding. The result indicates the percentage of a company's share price that is available to spend on company's activities, such as strengthening the business, paying down the debt and making dividend payment to shareholders. It's a reliable indicator of a company's financial health.

Sinopec Oilfield Equipment's Cash per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	1415.703	/	956
	=	1.48

Sinopec Oilfield Equipment's Cash per Share for the quarter that ended in Mar. 2024 is calculated as:

Cash per Share	=	Cash, Cash Equivalents, Marketable Securities	/	Shares Outstanding (EOP)
	=	677.822	/	956
	=	0.71

Sinopec Oilfield Equipment (SZSE:000852) Cash per Share Explanation

Cash per Share represents the liquidity of a compant's assets. A high level of Cash per Share suggests that there's enough money on hand for a company to cover any emergencies and that the company has adequate money to reinvest its business or pay dividends to investors. However, if the ratio is too high, it can also suggeust the inefficiency of management for not making a full usage of the cash.

Sinopec Oilfield Equipment Cash per Share Related Terms

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Sinopec Oilfield Equipment (SZSE:000852) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Oilfield Equipment Corp (SZSE:000852) » Definitions » Cash per Share

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Traded in Other Exchanges

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Address

No. 5, Huagongyuan First Road, Donghu New Technology Development Zone, Miaoshan Community, Hubei, Wuhan, CHN, 430205

Website

http://sofe.sinopec.com

Sinopec Oilfield Equipment Corp is engaged in making petroleum drilling and mining equipment. It includes the development, sales, inspection, and maintenance services of drill bits, drilling tools, manifolds, valves, downhole tools, and instruments.

Executives

Zou Zhi Guo	Supervisors
Xie Yong Jin	Director
Yu Tian Jing	Supervisors
Hong Chun Ling	Executives
Meng Yong	Securities Affairs Representative

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