ChampionX Corporation (CHX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 320,266 | 314,698 | 320,401 | 363,629 | 314,238 | 304,897 | 250,254 | 181,799 | 154,969 | 130,561 | 164,321 | 144,229 | 113,299 | 77,207 | 12,465 | -104,430 | -743,930 | -753,110 | -733,802 | -601,220 |
| 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 |
| ROA | 9.23% | 9.32% | 9.74% | 10.94% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $320,266K ÷ $3,470,250K
= 9.23%
ChampionX Corporation's Return on Assets (ROA) has shown a significant positive trend over the analyzed period, starting at -48.28% as of March 31, 2020, and steadily improving to 9.23% by December 31, 2024.
The company experienced a major turnaround in its ROA performance, transitioning from negative to positive values within a relatively short timeframe. This improvement indicates that the company has become more efficient in generating profits relative to its total assets.
The upward trajectory of the ROA reflects positively on the management's ability to utilize the company's assets effectively to generate earnings. It suggests that ChampionX Corporation has been successful in enhancing its operational efficiency and profitability over the analyzed period.
Overall, the consistent improvement in ROA demonstrates a positive financial outlook for ChampionX Corporation, indicating enhanced asset utilization and profitability potential for the company in the future.
Peer comparison
Dec 31, 2024