ChampionX Corporation (CHX)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 498,504 | 336,844 | 353,452 | 379,254 | 374,059 | 356,793 | 200,347 | 148,542 | 80,959 | 19,321 | 104,748 | 64,720 | 25,473 | 9,456 | -46,100 | -180,544 | -849,992 | -690,478 | -671,691 | -519,358 |
| 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 |
| Operating ROA | 14.37% | 9.97% | 10.75% | 11.41% | 11.54% | 10.78% | 6.02% | 4.46% | 2.39% | 0.57% | 3.02% | 1.81% | 0.72% | 0.27% | -1.32% | -5.19% | -24.45% | -19.99% | -19.08% | -41.71% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $498,504K ÷ $3,470,250K
= 14.37%
Operating return on assets (Operating ROA) is a key financial metric that indicates how efficiently a company is generating profit from its assets used in its operations. The trend analysis of ChampionX Corporation's Operating ROA shows a significant improvement over the quarters from March 31, 2020, to December 31, 2024.
Initially, the company had negative Operating ROA figures, indicating that it was generating losses relative to its assets. However, starting from March 31, 2022, the Operating ROA turned positive, indicating that ChampionX Corporation began to generate profits from its operational assets.
The positive trend continued with gradual improvement in the Operating ROA over subsequent quarters, reaching its peak at 14.37% by December 31, 2024. This indicates that ChampionX Corporation has been able to efficiently utilize its assets to generate higher levels of operating income.
Overall, the upward trend in ChampionX Corporation's Operating ROA signals improved operational efficiency and effectiveness in generating profits from the assets employed in its core business activities. It suggests that the company has been making progress in enhancing its operational performance and profitability.
Peer comparison
Dec 31, 2024