ChampionX Return On Tangible Assets from 2010 to 2024

CHX Stock  USD 30.95  0.25  0.81%   
ChampionX Return On Tangible Assets yearly trend continues to be fairly stable with very little volatility. Return On Tangible Assets are likely to outpace its year average in 2024. Return On Tangible Assets is a profitability metric that measures a company's ability to generate earnings from its tangible assets. View All Fundamentals
 
Return On Tangible Assets  
First Reported
2010-12-31
Previous Quarter
0.13491908
Current Value
0.14
Quarterly Volatility
0.16718667
 
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 Return On Tangible Assets Growth Pattern

Below is the plot of the Return On Tangible Assets of ChampionX over the last few years. It is a profitability metric that measures a company's ability to generate earnings from its tangible assets. ChampionX's Return On Tangible Assets 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.
Return On Tangible Assets10 Years Trend
Slightly volatile
   Return On Tangible Assets   
       Timeline  

ChampionX Return On Tangible Assets Regression Statistics

Arithmetic Mean(0.05)
Geometric Mean0.13
Coefficient Of Variation(314.00)
Mean Deviation0.15
Median(0.02)
Standard Deviation0.17
Sample Variance0.03
Range0.4891
R-Value0.67
Mean Square Error0.02
R-Squared0.45
Significance0.01
Slope0.03
Total Sum of Squares0.39

ChampionX Return On Tangible Assets History

2024 0.14
2023 0.13
2022 0.0645
2021 0.0466
2020 -0.32
2019 0.0675
2018 0.12

About ChampionX Financial Statements

ChampionX investors use historical fundamental indicators, such as ChampionX's Return On Tangible Assets, 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
Return On Tangible Assets 0.13  0.14 

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

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.