ChampionX Corporation (CHX)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,633,983 | 3,665,501 | 3,698,751 | 3,732,079 | 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 |
| Total assets | US$ in thousands | 3,470,250 | 3,377,660 | 3,289,340 | 3,322,950 | 3,241,700 | 3,311,200 | 3,329,840 | 3,327,340 | 3,387,480 | 3,402,780 | 3,463,150 | 3,571,720 | 3,534,700 | 3,503,000 | 3,486,010 | 3,475,790 | 3,475,780 | 3,453,730 | 3,520,830 | 1,245,240 |
| Total asset turnover | 1.05 | 1.09 | 1.12 | 1.12 | 1.16 | 1.15 | 1.17 | 1.17 | 1.12 | 1.07 | 0.99 | 0.91 | 0.87 | 0.84 | 0.80 | 0.67 | 0.55 | 0.42 | 0.31 | 0.88 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,633,983K ÷ $3,470,250K
= 1.05
The total asset turnover ratio for ChampionX Corporation has shown a fluctuating trend over the past few years, as evidenced by the data provided. The ratio indicates how efficiently the company is utilizing its assets to generate sales revenue.
From March 31, 2020, to December 31, 2024, the total asset turnover ratio increased steadily from 0.88 to 1.05. This suggests that ChampionX has improved its efficiency in generating sales relative to its total assets during this period.
However, there are fluctuations in the ratio within the timeframe, indicating potential changes in the company's operational efficiency or asset management. Notably, the ratio peaked at 1.17 in March 31, 2023, remained relatively stable for the subsequent three quarters, and then showed a slight decline towards the end of 2024.
Overall, the increasing trend in total asset turnover reflects positively on ChampionX's ability to generate revenue from its assets. Further analysis and comparison with industry benchmarks could provide more insights into the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024