ChampionX Inventory Turnover from 2010 to 2024

CHX Stock  USD 31.24  0.04  0.13%   
ChampionX Inventory Turnover yearly trend continues to be fairly stable with very little volatility. Inventory Turnover will likely drop to 3.10 in 2024. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
5.0209012
Current Value
3.1
Quarterly Volatility
0.72263228
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check ChampionX financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among ChampionX's main balance sheet or income statement drivers, such as Tax Provision of 94.9 M, Depreciation And Amortization of 185.5 M or Interest Expense of 33.2 M, as well as many indicators such as Price To Sales Ratio of 2.35, Dividend Yield of 0.0108 or PTB Ratio of 1.85. ChampionX financial statements analysis is a perfect complement when working with ChampionX Valuation or Volatility modules.
  
Check out the analysis of ChampionX Correlation against competitors.
For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.

Latest ChampionX's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of ChampionX over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. ChampionX's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in ChampionX's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

ChampionX Inventory Turnover Regression Statistics

Arithmetic Mean3.59
Geometric Mean3.54
Coefficient Of Variation20.10
Mean Deviation0.53
Median3.20
Standard Deviation0.72
Sample Variance0.52
Range2.3457
R-Value0.61
Mean Square Error0.35
R-Squared0.37
Significance0.02
Slope0.1
Total Sum of Squares7.31

ChampionX Inventory Turnover History

2024 3.1
2023 5.02
2022 5.36
2021 4.29
2020 3.47
2019 3.57
2018 3.67

About ChampionX Financial Statements

ChampionX investors use historical fundamental indicators, such as ChampionX's Inventory Turnover, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in ChampionX. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 5.02  3.10 

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Additional Tools for ChampionX Stock Analysis

When running ChampionX's price analysis, check to measure ChampionX's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ChampionX is operating at the current time. Most of ChampionX's value examination focuses on studying past and present price action to predict the probability of ChampionX's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ChampionX's price. Additionally, you may evaluate how the addition of ChampionX to your portfolios can decrease your overall portfolio volatility.