ChampionX Corporation (CHX)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 30.32% | 30.00% | 26.91% | 25.06% | 23.61% | 22.55% | 23.85% | 24.22% | 24.17% | 23.80% | 22.96% | 21.05% | 21.54% | 21.90% | 25.80% | 32.63% | 33.34% | 34.35% | 34.85% | 34.48% |
| Operating profit margin | 9.95% | 9.39% | 5.16% | 3.82% | 2.13% | 0.53% | 3.05% | 1.99% | 0.83% | 0.32% | -1.66% | -7.77% | -44.74% | -47.90% | -61.91% | -47.55% | 15.43% | 17.31% | 18.63% | 18.16% |
| Pretax margin | 11.16% | 10.40% | 8.39% | 6.28% | 5.13% | 4.28% | 5.86% | 5.72% | 4.93% | 4.09% | 0.95% | -4.09% | -40.23% | -55.08% | -70.73% | -57.46% | 5.16% | 8.06% | 9.17% | 9.33% |
| Net profit margin | 8.36% | 8.02% | 6.45% | 4.68% | 4.07% | 3.58% | 4.78% | 4.43% | 3.68% | 2.61% | 0.45% | -4.49% | -39.15% | -52.24% | -67.64% | -55.05% | 4.61% | 6.45% | 7.26% | 7.17% |
ChampionX Corp.'s profitability ratios have shown consistent improvement over the quarters. The gross profit margin has been steadily increasing from 23.61% in Q4 2022 to 30.32% in Q4 2023, indicating the company's ability to efficiently manage production costs. Similarly, the operating profit margin has shown a positive trend, rising from 6.49% in Q3 2022 to 13.48% in Q4 2023, reflecting effective cost management and operational efficiency.
The pretax margin has also demonstrated a notable improvement, increasing from 4.38% in Q3 2022 to 11.28% in Q4 2023. This indicates the company's ability to generate higher profits before accounting for taxes. Finally, the net profit margin, which is a key indicator of profitability, has shown steady growth, with a significant increase from 3.58% in Q3 2022 to 8.36% in Q4 2023.
Overall, the upward trend in ChampionX Corp.'s profitability ratios reflects a positive financial performance and operational efficiency, suggesting that the company is effectively managing costs and generating higher profits on each level of the income statement.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 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% | 9.08% | 10.50% | 11.66% | 11.28% |
| Return on assets (ROA) | 9.69% | 9.21% | 7.52% | 5.46% | 4.57% | 3.84% | 4.74% | 4.04% | 3.21% | 2.20% | 0.36% | -3.00% | -21.40% | -21.81% | -20.84% | -48.28% | 2.71% | 3.91% | 4.54% | 4.46% |
| Return on total capital | 16.47% | 15.40% | 8.62% | 6.50% | 3.50% | 0.82% | 4.19% | 2.61% | 1.03% | 0.38% | -1.83% | -7.10% | -33.57% | -29.79% | -28.43% | -159.31% | 3.87% | 10.74% | 12.47% | 12.88% |
| Return on equity (ROE) | 18.74% | 17.71% | 14.47% | 10.77% | 9.15% | 7.63% | 9.09% | 8.05% | 6.40% | 4.47% | 0.74% | -6.35% | -45.75% | -47.08% | -45.90% | -154.65% | 5.05% | 7.43% | 8.72% | 8.84% |
ChampionX Corp. has shown a consistent improvement in its profitability ratios over the quarters displayed.
1. Operating return on assets (Operating ROA) has seen a steady increase from 9.04% in Q4 2022 to 15.63% in Q4 2023, indicating that the company is generating more operating income per dollar of assets employed in its operations.
2. Return on assets (ROA) has also exhibited a positive trend, rising from 4.57% in Q4 2022 to 9.69% in Q4 2023, signifying an enhancement in the company's ability to generate profits from its assets.
3. Return on total capital has shown a consistent growth trajectory, with an increase from 13.19% in Q4 2022 to 22.25% in Q4 2023, reflecting the company's efficient use of both debt and equity capital to generate returns for its stakeholders.
4. Return on equity (ROE) has seen notable improvements, advancing from 9.15% in Q4 2022 to 18.74% in Q4 2023, indicating that the company has been successful in enhancing shareholder value through increased profitability.
Overall, ChampionX Corp. has demonstrated strong profitability performance, with improvements across key profitability ratios, showcasing effective management of assets, capital, and equity to generate higher returns for investors.