ChampionX Corporation (CHX)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.92 | 4.58 | 4.72 | 4.74 | 5.02 | 4.52 | 4.74 | 4.92 | 5.36 | 4.94 | 4.32 | 3.94 | 4.29 | 4.53 | 4.57 | 4.21 | 3.47 | 2.39 | 1.53 | 3.56 | |
| DOH | days | 74.16 | 79.63 | 77.28 | 76.95 | 72.70 | 80.78 | 77.05 | 74.13 | 68.11 | 73.86 | 84.59 | 92.53 | 84.99 | 80.53 | 79.87 | 86.61 | 105.30 | 152.79 | 239.23 | 102.66 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.92
= 74.16
The days of inventory on hand (DOH) for ChampionX Corporation has shown fluctuations over the past few years. From March 31, 2020, to June 30, 2020, there was a significant increase in DOH, indicating the company held inventory for a longer period. This trend continued until September 30, 2020, but decreased by December 31, 2020.
Throughout 2021, there was a steady decline in DOH, reflecting more efficient inventory management. However, by March 31, 2022, there was a slight increase in DOH which then decreased again by June 30, 2022. The trend of decreasing DOH continued until December 31, 2023, indicating improved inventory turnover.
From March 31, 2024, to September 30, 2024, there was a slight increase in DOH, suggesting inventory was held for a longer period during that time. Overall, ChampionX Corporation's DOH fluctuated over the observation period, with improvements seen in recent years in managing inventory levels efficiently.
Peer comparison
Dec 31, 2024