Offshore Oil Engineering Co

Offshore Oil Engineering Co Payables Turnover

The Payables Turnover Ratio of Offshore Oil Engineering Co (600583.SS) as of Nov 15, 2026 is 1.92. In the previous year, Payables Turnover Ratio was 1.98 — a change of -3.37% (lower).

Payables Turnover

1.92

YoY

-3.37%

Last updated:

Payables Turnover Ratio of Offshore Oil Engineering Co is 2025 1.92 . Payables Turnover Ratio of Offshore Oil Engineering Co was 2024 1.98 . It decreases by -3.37% lower compared to the previous year.

The Offshore Oil Engineering Co Payables Turnover history

  • 3 Years

  • 10 Years

  • 25 Years

  • Max

Payables Turnover
Date
Payables Turnover
Jan 1, 2018
2.56 CNY
Jan 1, 2019
1.95 CNY
Jan 1, 2020
2.13 CNY
Jan 1, 2021
2.08 CNY
Jan 1, 2022
2.35 CNY
Jan 1, 2023
2.27 CNY
Jan 1, 2024
1.98 CNY
Jan 1, 2025
1.92 CNY
The Offshore Oil Engineering Co Payables Turnover history
YEARPayables TurnoverYoY
1.92-3.37%
1.98-12.45%
2.27-3.38%
2.35+12.79%
2.08-2.39%
2.13+9.36%
1.95-23.77%
2.56+13.50%
2.25-10.49%
2.52+5.29%
2.39-20.17%
2.99—

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Offshore Oil Engineering Co Stock analysis

What does Offshore Oil Engineering Co do? Offshore Oil Engineering Co., Ltd. generates revenue through comprehensive offshore engineering services including design, land production, installation, commissioning, and maintenance for oil and gas development projects. The company primarily serves clients in the South China Sea, Bohai Sea, and East China Sea regions, as well as overseas districts. Its integrated approach covers liquefied natural gas (LNG) refining projects alongside traditional offshore oil and gas operations. The firm's services are contracted by energy companies requiring full project lifecycle support for offshore developments. The company's business model relies on securing general contracting agreements for large-scale offshore projects. These contracts typically involve multi-phase work including design, construction, and post-commissioning maintenance. Offshore Oil Engineering Co., Ltd. leverages its 9,614 full-time employees to deliver these services across its operational regions. The firm's integrated service offering allows it to provide end-to-end solutions for clients without requiring separate vendors for different project phases. Clients purchasing the company's services include energy firms operating in the South China Sea, Bohai Sea, and East China Sea regions. The company's LNG refining project expertise expands its market reach beyond traditional oil and gas clients. Offshore Oil Engineering Co., Ltd. focuses on delivering complete project solutions rather than specialized components, which differentiates its service model from competitors offering narrower service portfolios. Offshore Oil Engineering Co is one of the most popular companies on Eulerpool.

Frequently Asked Questions about Offshore Oil Engineering Co stock

Payables Turnover Ratio of Offshore Oil Engineering Co is 1.92 in 2025.

Payables Turnover Ratio of Offshore Oil Engineering Co changed from 1.98 to 1.92, representing a -3.37% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Payables Turnover Ratio Offshore Oil Engineering Co since 2006 – with annual values, charts, and detailed analysis.

Payables turnover measures how quickly a company pays its suppliers. Lower turnover may indicate better payment terms or cash flow management.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Payables Turnover Ratio's Offshore Oil Engineering Co with sector peers and the industry average to assess whether it is attractive.

To evaluate Payables Turnover Ratio's, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Payables Turnover Ratio.

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Profitability — Offshore Oil Engineering Co

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