Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Days Payable : 58.14 (As of Mar. 2024)

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What is Sinopec Shandong Taishan Petroleum Co Days Payable?

Sinopec Shandong Taishan Petroleum Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥481 Mil. Sinopec Shandong Taishan Petroleum Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥756 Mil. Hence, Sinopec Shandong Taishan Petroleum Co's Days Payable for the three months ended in Mar. 2024 was 58.14.

The historical rank and industry rank for Sinopec Shandong Taishan Petroleum Co's Days Payable or its related term are showing as below:

SZSE:000554' s Days Payable Range Over the Past 10 Years
Min: 5.1 Med: 16.25 Max: 72.86
Current: 58.1

During the past 13 years, Sinopec Shandong Taishan Petroleum Co's highest Days Payable was 72.86. The lowest was 5.10. And the median was 16.25.

SZSE:000554's Days Payable is ranked worse than
51.17% of 899 companies
in the Oil & Gas industry
Industry Median: 61.11 vs SZSE:000554: 58.10

Sinopec Shandong Taishan Petroleum Co's Days Payable declined from Mar. 2023 (86.45) to Mar. 2024 (58.14). It may suggest that Sinopec Shandong Taishan Petroleum Co accelerated paying its suppliers.

Sinopec Shandong Taishan Petroleum Co Days Payable Historical Data

The historical data trend for Sinopec Shandong Taishan Petroleum Co'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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Sinopec Shandong Taishan Petroleum Co Days Payable Chart

Sinopec Shandong Taishan Petroleum Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.75

39.29

37.83

63.32

72.86

Sinopec Shandong Taishan Petroleum Co 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															86.45	78.44	48.48	46.31	58.14

Competitive Comparison of Sinopec Shandong Taishan Petroleum Co's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Sinopec Shandong Taishan Petroleum Co'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.

Sinopec Shandong Taishan Petroleum Co's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Sinopec Shandong Taishan Petroleum Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinopec Shandong Taishan Petroleum Co's Days Payable falls into.

Sinopec Shandong Taishan Petroleum Co 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.

Sinopec Shandong Taishan Petroleum Co'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
=	( (784.527	+	515.908)	/	2 )	/	3257.246	*	365
=	650.2175					/	3257.246	*	365
=	72.86

Sinopec Shandong Taishan Petroleum Co'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
=	( (515.908	+	447.051)	/	2 )	/	755.692	*	365 / 4
=	481.4795					/	755.692	*	365 / 4
=	58.14

Sinopec Shandong Taishan Petroleum Co Days Payable Related Terms

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Sinopec Shandong Taishan Petroleum Co (SZSE:000554) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Sinopec Shandong Taishan Petroleum Co Ltd (SZSE:000554) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

369 Dongyue Street, Shandong Province, Tai'an, CHN

Website

Sinopec Shandong Taishan Petroleum Co Ltd is a China-based company mainly engaged in the purchase and sale of refined oil, natural gas and diesel fuel.

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