ChampionX Corporation (CHX)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 5.37 | 5.80 | 6.19 | 4.92 | 4.97 | |
| Number of days of payables | days | 68.00 | 62.96 | 58.95 | 74.13 | 73.37 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.37
= 68.00
The number of days of payables for ChampionX Corporation has shown some fluctuations over the years. From December 31, 2020, to December 31, 2021, there was a slight increase from 73.37 days to 74.13 days. However, in the following years, there was a decrease in the number of days of payables, reaching 58.95 days by December 31, 2022, and then increasing slightly to 62.96 days by December 31, 2023. By the end of December 31, 2024, the number of days of payables had increased to 68.00 days.
Overall, the trend in the number of days of payables indicates some variability, with fluctuations in the days it takes for ChampionX Corporation to pay its payables. It is important to monitor this metric to understand the company's payment practices and its relationship with suppliers over time.
Peer comparison
Dec 31, 2024