ChampionX Corporation (CHX)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,633,980 | 3,758,280 | 3,805,950 | 3,074,990 | 1,900,000 |
| Property, plant and equipment | US$ in thousands | 701,397 | 731,998 | 717,375 | 768,765 | 854,536 |
| Fixed asset turnover | 5.18 | 5.13 | 5.31 | 4.00 | 2.22 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,633,980K ÷ $701,397K
= 5.18
The fixed asset turnover ratio for ChampionX Corporation has shown a significant improvement over the years, increasing from 2.22 in 2020 to 5.18 in 2024. This indicates that the company has been generating more revenue relative to its investment in fixed assets. The steady increase in the fixed asset turnover ratio suggests that ChampionX has effectively utilized its fixed assets to generate sales and operate efficiently. The company's ability to generate higher revenue from its fixed assets reflects strong operational performance and efficient asset management. Overall, the trend in the fixed asset turnover ratio demonstrates ChampionX's effectiveness in utilizing its fixed assets to drive revenue growth over the years.
Peer comparison
Dec 31, 2024