ChampionX Corporation (CHX)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 52,164 | 77,174 | 89,741 | 88,620 |
| Total stockholders’ equity | US$ in thousands | 1,676,620 | 1,721,480 | 1,730,030 | 1,688,710 | 1,694,550 | 1,710,690 | 1,808,320 | 1,792,230 | 1,770,640 | 1,727,000 | 1,674,320 | 1,644,770 | 1,625,970 | 1,599,550 | 1,598,700 | 388,767 | 1,032,960 | 1,038,800 | 1,028,930 | 1,002,450 |
| 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% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $314,238K ÷ $1,676,620K
= 18.74%
To analyze ChampionX Corp.'s Return on Equity (ROE) performance, we observe a positive trend in ROE over the past eight quarters. The ROE has been steadily increasing from 8.05% in Q1 2022 to 18.74% in Q4 2023. This indicates that the company has been generating higher profits relative to its shareholders' equity over time.
The consistent improvement in ROE suggests that ChampionX Corp. is effectively utilizing its assets to generate profits and create value for its shareholders. The company's ability to increase ROE indicates efficient management of its capital structure and operational efficiency, leading to improved profitability.
Overall, ChampionX Corp.'s increasing ROE trend reflects positively on its financial performance and indicates management's focus on maximizing shareholder value through effective resource allocation and operational strategies.
Peer comparison
Dec 31, 2023