ChampionX Corporation (CHX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.92 | 5.02 | 5.36 | 4.29 | 3.47 | |
| DOH | days | 74.16 | 72.70 | 68.11 | 84.99 | 105.31 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.92
= 74.16
The days of inventory on hand (DOH) for ChampionX Corporation have shown a declining trend over the past five years. Starting at 105.31 days on December 31, 2020, the DOH decreased to 84.99 days by the end of 2021, indicating an improvement in inventory management efficiency.
This trend continued in the following years, with the DOH dropping to 68.11 days on December 31, 2022. However, there was a slight increase in 2023, with the DOH rising to 72.70 days, possibly indicating a change in inventory management practices or market conditions.
By the end of 2024, the DOH stood at 74.16 days, still below the levels seen in earlier years but slightly higher compared to the previous year. Overall, the decreasing trend in the days of inventory on hand suggests that ChampionX Corporation has been effectively managing its inventory levels, which can lead to cost savings and improved operational efficiency.
Peer comparison
Dec 31, 2024