CHX (ChampionX) Inventory Turnover : 1.13 (As of Jun. 2024)

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What is ChampionX Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. ChampionX's Cost of Goods Sold for the three months ended in Jun. 2024 was $613 Mil. ChampionX's Average Total Inventories for the quarter that ended in Jun. 2024 was $541 Mil. ChampionX's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ChampionX's Days Inventory for the three months ended in Jun. 2024 was 80.49.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. ChampionX's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.61.

ChampionX Inventory Turnover Historical Data

The historical data trend for ChampionX's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ChampionX Inventory Turnover Chart

ChampionX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.50

4.65

4.79

5.36

4.92

ChampionX Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.08	1.09	1.19	1.17	1.13

ChampionX Inventory Turnover Calculation

ChampionX's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2618.646	/ (	(542.543	+	521.549)	/	2 )
=	2618.646	/	532.046
=	4.92

ChampionX's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	613.426	/ (	(543.224	+	538.999)	/	2 )
=	613.426	/	541.1115
=	1.13

ChampionX (NAS:CHX) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

ChampionX's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	541.1115	/	613.426	*	365 / 4
	=	80.49

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

ChampionX's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	541.1115	/	893.272
	=	0.61

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

ChampionX Inventory Turnover Related Terms

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ChampionX Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » ChampionX Corp (NAS:CHX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2445 Technology Forest Boulevard, Building 4, 12th Floor, Suite 1200, The Woodlands, TX, USA, 77381

Website

https://www.championx.com

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.

Executives

William Jr. O'dell	officer: See remarks	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Deric D. Bryant	officer: See remarks	1 ECOLAB PLACE, ST. PAUL MN 55102
Sivasankaran Somasundaram	director, officer: President & CEO	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Elaine M Pickle	director	ONE ENERGY PLAZA, DETROIT MI 48226
Fierro A Carlos	director	910 LOUISIANA STREET, HOUSTON TX 77002
Paul E Mahoney	officer: See Remarks	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Antoine Marcos	officer: VP, Corp Controller, CAO	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Stephen M. Todd	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 606515
Julia Wright	officer: Senior VP, GC & Secretary	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Heidi S Alderman	director	C/O OLIN CORPORATION, 190 CARONDELET PLZ, STE 1530, CLAYTON MO 63105
Stuart D Porter	director	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Jordan Zweig	officer: SVP & Chief HR Officer	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, THE WOODLANDS TX 77381
Syed Raza	officer: SVP & Chief Digital Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Amy Thompson Broussard	officer: Senior VP & Chief HR Officer	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381
Shankar Annamalai	officer: Senior VP Operations	C/O APERGY CORPORATION, 2445 TECHNOLOGY FOREST BLVD, BLD 4, FL 9, THE WOODLANDS TX 77381