To provide a manufacturing method of graphene oxide that allows mass production through a relatively simple process, at low costs, and with safety and efficiency. A hydrogen peroxide solution, sulfuric acid, and flake graphite are put in a reaction container, and the mixture is stirred to obtain expansion graphite. The synthesized expansion graphite is washed not with pure water but with a saturated aqueous solution of magnesium sulfate (MgSO4) or an organic solvent, whereby a large amount of sulfuric acid is contained between graphite layers. The expansion graphite is subjected to heat treatment or microwave irradiation to form expanded graphite, and a graphite layer is peeled by ultrasonic treatment and then oxidized to form a graphene compound.