ChampionX Corporation (CHX)
Receivables 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 |
| Receivables | US$ in thousands | 466,782 | 534,534 | 601,061 | 584,440 | 559,545 |
| Receivables turnover | 7.79 | 7.03 | 6.33 | 5.26 | 3.40 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,633,980K ÷ $466,782K
= 7.79
ChampionX Corporation's receivables turnover has shown a positive trend over the past five years. The turnover ratio increased from 3.40 in December 31, 2020, to 7.79 in December 31, 2024. This indicates that the company has been able to collect its accounts receivable more efficiently in recent years. A higher receivables turnover ratio suggests that the company is effective in converting its credit sales into cash. The steady improvement in the ratio reflects the company's ability to manage its accounts receivable effectively and efficiently. Overall, the increasing trend in receivables turnover is a positive indicator of the company's liquidity and operational performance.
Peer comparison
Dec 31, 2024