ChampionX (ChampionX) Days Inventory

: 76.60 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). ChampionX's Average Total Inventories for the three months ended in Dec. 2023 was $555 Mil. ChampionX's Cost of Goods Sold for the three months ended in Dec. 2023 was $661 Mil. Hence, ChampionX's Days Inventory for the three months ended in Dec. 2023 was 76.60.

The historical rank and industry rank for ChampionX's Days Inventory or its related term are showing as below:

CHX' s Days Inventory Range Over the Past 10 Years
Min: 68.14 Med: 87.19 Max: 121.14
Current: 79.27

During the past 9 years, ChampionX's highest Days Inventory was 121.14. The lowest was 68.14. And the median was 87.19.

CHX's Days Inventory is ranked worse than
79.84% of 729 companies
in the Oil & Gas industry
Industry Median: 31.48 vs CHX: 79.27

ChampionX's Days Inventory increased from Dec. 2022 (72.23) to Dec. 2023 (76.60). It might indicate that ChampionX's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ChampionX's Inventory Turnover for the three months ended in Dec. 2023 was 1.19.

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 three months ended in Dec. 2023 was 0.59.

ChampionX Days Inventory Historical Data

The historical data trend for ChampionX's Days Inventory 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.

* Premium members only.

ChampionX Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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104.24

78.52

76.16

68.14

74.16

ChampionX Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															72.23	77.83	84.31	83.64	76.60

Competitive Comparison

For the Oil & Gas Equipment & Services subindustry, ChampionX's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ChampionX Days Inventory Distribution

For the Oil & Gas industry and Energy sector, ChampionX's Days Inventory distribution charts can be found below:

* The bar in red indicates where ChampionX's Days Inventory falls into.

ChampionX Days Inventory Calculation

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

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

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (542.543	+	521.549)	/	2 )	/	2618.646	*	365
=	532.046					/	2618.646	*	365
=	74.16

ChampionX's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (588.8	+	521.549)	/	2 )	/	661.337	*	365 / 4
=	555.1745					/	661.337	*	365 / 4
=	76.60

ChampionX (NAS:CHX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

ChampionX's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	661.337	/	555.1745
	=	1.19

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 three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	555.1745	/	943.555
	=	0.59

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

ChampionX Days Inventory Related Terms

Thank you for viewing the detailed overview of ChampionX's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

ChampionX (ChampionX) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

X9P:Germany

Address

2445 Technology Forest Boulevard, Building 4, 12th Floor, 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 life cycle, 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

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
William Jr. O'dell	officer: See remarks	2445 TECHNOLOGY FOREST BOULEVARD, BUILDING 4, 12TH FLOOR, 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