ChampionX Corporation (CHX)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 5.37 | 5.50 | 5.25 | 4.84 | 5.80 | 5.32 | 5.15 | 5.40 | 6.19 | 5.65 | 5.28 | 4.85 | 4.92 | 5.24 | 5.46 | 5.50 | 4.97 | 4.30 | 2.93 | 6.19 | |
| Number of days of payables | days | 68.00 | 66.33 | 69.47 | 75.39 | 62.96 | 68.60 | 70.85 | 67.54 | 58.95 | 64.61 | 69.15 | 75.27 | 74.13 | 69.70 | 66.83 | 66.42 | 73.37 | 84.96 | 124.67 | 58.93 |
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 past years. It increased significantly from 58.93 days as of March 31, 2020, to 124.67 days as of June 30, 2020, indicating that the company took longer to pay its suppliers during that period.
Subsequently, there were fluctuations in the number of days of payables for the following quarters, showing a decline to 66.42 days as of March 31, 2021, and then gradually increasing and decreasing over the next quarters. The trend seemed to stabilize around 65-75 days during 2023 and 2024.
Overall, the number of days of payables for ChampionX Corporation ranged from a relatively high of 124.67 days to a low of 58.95 days during the period under review. This fluctuation can be an indicator of the company's payment practices and liquidity management. Further analysis and comparison with industry benchmarks may provide insights into the efficiency of the company's payables management.
Peer comparison
Dec 31, 2024