ChampionX Corporation (CHX)
Working capital 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 |
| Total current assets | US$ in thousands | 1,563,900 | 1,425,420 | 1,498,580 | 1,460,900 | 1,265,840 |
| Total current liabilities | US$ in thousands | 785,872 | 782,749 | 858,976 | 802,325 | 622,560 |
| Working capital turnover | 4.67 | 5.85 | 5.95 | 4.67 | 2.95 |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,633,980K ÷ ($1,563,900K – $785,872K)
= 4.67
ChampionX Corporation's working capital turnover has shown a steady increase from 2.95 in December 31, 2020 to 4.67 in December 31, 2021, further improving to 5.95 in December 31, 2022. However, there was a slight decrease to 5.85 in December 31, 2023, followed by a drop back to 4.67 in December 31, 2024. This metric indicates how efficiently the company is utilizing its working capital to generate revenue. Overall, the company has managed to effectively leverage its working capital over the years, with fluctuations possibly reflecting changes in business operations or financial strategies.
Peer comparison
Dec 31, 2024