ChampionX Corporation (CHX)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,758,285 | 3,800,585 | 3,882,362 | 3,888,334 | 3,805,947 | 3,642,237 | 3,439,462 | 3,256,062 | 3,074,990 | 2,958,967 | 2,773,708 | 2,323,450 | 1,899,996 | 1,441,622 | 1,084,935 | 1,092,191 | 1,131,251 | 1,196,636 | 1,235,968 | 1,235,545 |
| Property, plant and equipment | US$ in thousands | 731,998 | 763,559 | 757,841 | 739,853 | 717,375 | 722,868 | 746,408 | 762,234 | 768,765 | 780,686 | 818,928 | 833,256 | 854,536 | 868,111 | 944,745 | 235,114 | 248,181 | 249,385 | 250,573 | 244,886 |
| Fixed asset turnover | 5.13 | 4.98 | 5.12 | 5.26 | 5.31 | 5.04 | 4.61 | 4.27 | 4.00 | 3.79 | 3.39 | 2.79 | 2.22 | 1.66 | 1.15 | 4.65 | 4.56 | 4.80 | 4.93 | 5.05 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,758,285K ÷ $731,998K
= 5.13
ChampionX Corp.'s fixed asset turnover has exhibited fluctuations over time, ranging from 4.27 to 5.26. The general trend indicates an increasing efficiency in utilizing fixed assets to generate revenue, reaching its peak in Q1 2023. This suggests that ChampionX Corp. has been effectively managing its fixed assets to generate sales revenue. Overall, the company's ability to generate sales from its fixed assets has been on an upward trajectory, reflecting positively on its operational efficiency and capital utilization.
Peer comparison
Dec 31, 2023