ChampionX Good Will vs Other Stockholder Equity Analysis
CHX Stock | USD 32.62 0.42 1.30% |
ChampionX financial indicator trend analysis is way more than just evaluating ChampionX prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ChampionX is a good investment. Please check the relationship between ChampionX Good Will and its Other Stockholder Equity accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.
Good Will vs Other Stockholder Equity
Good Will vs Other Stockholder Equity Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ChampionX Good Will account and Other Stockholder Equity. At this time, the significance of the direction appears to have pay attention.
The correlation between ChampionX's Good Will and Other Stockholder Equity is -0.78. Overlapping area represents the amount of variation of Good Will that can explain the historical movement of Other Stockholder Equity in the same time period over historical financial statements of ChampionX, assuming nothing else is changed. The correlation between historical values of ChampionX's Good Will and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Good Will of ChampionX are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Good Will i.e., ChampionX's Good Will and Other Stockholder Equity go up and down completely randomly.
Correlation Coefficient | -0.78 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Other Stockholder Equity
Most indicators from ChampionX's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ChampionX current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.Tax Provision is likely to rise to about 94.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 427.6 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 743.3M | 898.7M | 1.1B | 601.8M | Total Revenue | 3.1B | 3.8B | 3.8B | 2.2B |
ChampionX fundamental ratios Correlations
Click cells to compare fundamentals
ChampionX Account Relationship Matchups
High Positive Relationship
High Negative Relationship
ChampionX fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 1.9B | 3.5B | 3.5B | 3.4B | 3.2B | 2.8B | |
Short Long Term Debt Total | 559.8M | 932.6M | 724.5M | 628.0M | 665.8M | 511.8M | |
Other Current Liab | 79.4M | 279.4M | 286.7M | 288.9M | 274.2M | 173.5M | |
Total Current Liabilities | 199.7M | 622.6M | 802.3M | 859.0M | 782.7M | 471.8M | |
Total Stockholder Equity | 1.0B | 1.6B | 1.8B | 1.7B | 1.7B | 1.7B | |
Property Plant And Equipment Net | 248.2M | 854.5M | 776.8M | 734.8M | 843.1M | 531.5M | |
Net Debt | 524.5M | 731.2M | 472.8M | 377.8M | 377.2M | 373.8M | |
Accounts Payable | 120.3M | 299.7M | 473.6M | 469.6M | 451.7M | 267.4M | |
Cash | 35.3M | 201.4M | 251.7M | 250.2M | 288.6M | 303.0M | |
Non Current Assets Total | 1.4B | 2.2B | 2.1B | 1.9B | 1.8B | 1.9B | |
Non Currrent Assets Other | 31.4M | 195.8M | 192.7M | 71.7M | 60.6M | 46.8M | |
Other Assets | 7.1M | 73.3M | 192.7M | 76.7M | 88.2M | 50.8M | |
Cash And Short Term Investments | 35.3M | 201.4M | 251.7M | 250.2M | 288.6M | 303.0M | |
Net Receivables | 219.9M | 559.5M | 584.4M | 601.1M | 534.5M | 398.6M | |
Good Will | 911.1M | 680.6M | 702.9M | 679.5M | 669.1M | 645.6M | |
Common Stock Shares Outstanding | 77.6M | 148.4M | 208.3M | 207.3M | 199.9M | 141.3M | |
Long Term Debt Total | 559.8M | 905.8M | 697.7M | 621.7M | 715.0M | 475.6M | |
Liabilities And Stockholders Equity | 1.9B | 3.5B | 3.5B | 3.4B | 3.2B | 2.8B | |
Non Current Liabilities Total | 686.9M | 1.2B | 978.1M | 851.3M | 797.9M | 716.1M | |
Inventory | 211.3M | 430.1M | 542.9M | 542.5M | 521.5M | 375.2M | |
Other Current Assets | 26.9M | 74.8M | 78.4M | 75.5M | 65.2M | 45.2M | |
Other Stockholder Equity | 969.2M | 2.3B | 2.3B | 2.2B | 2.2B | 1.7B | |
Total Liab | 886.6M | 1.9B | 1.8B | 1.7B | 1.6B | 1.2B | |
Property Plant And Equipment Gross | 248.2M | 977.0M | 776.8M | 1.5B | 1.6B | 1.7B | |
Total Current Assets | 493.4M | 1.3B | 1.5B | 1.5B | 1.4B | 962.9M | |
Accumulated Other Comprehensive Income | (44.0M) | (30.8M) | (21.6M) | (29.5M) | (36.5M) | (34.7M) | |
Intangible Assets | 238.7M | 479.0M | 401.5M | 305.0M | 243.6M | 276.9M | |
Property Plant Equipment | 272.5M | 977.0M | 776.8M | 827.7M | 951.9M | 515.2M | |
Other Liab | 107.7M | 247.1M | 280.4M | 157.9M | 181.6M | 189.9M | |
Net Tangible Assets | (116.9M) | 466.4M | 666.3M | 710.1M | 816.6M | 857.4M | |
Capital Lease Obligations | 9.4M | 116.8M | 109.9M | 88.5M | 65.3M | 55.7M | |
Non Current Liabilities Other | 43.0M | 334.9M | 142.4M | 135.4M | 90.2M | 105.5M | |
Common Stock | 775K | 2.0M | 2.0M | 2.0M | 1.9M | 1.8M | |
Long Term Debt | 555.3M | 905.8M | 697.7M | 621.7M | 594.3M | 635.4M | |
Net Invested Capital | 1.6B | 2.6B | 2.5B | 2.3B | 2.3B | 2.3B | |
Net Working Capital | 293.8M | 643.3M | 658.6M | 639.6M | 642.7M | 549.5M | |
Retained Earnings | 107.0M | (638.5M) | (525.2M) | (527.6M) | (455.7M) | (478.5M) | |
Common Stock Total Equity | 775K | 2.0M | 2.0M | 2.0M | 2.3M | 1.7M |
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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.When determining whether ChampionX offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of ChampionX's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Championx Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Championx Stock:Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ChampionX. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in rate. For more information on how to buy ChampionX Stock please use our How to Invest in ChampionX guide.Note that the ChampionX information on this page should be used as a complementary analysis to other ChampionX's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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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.
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Is ChampionX's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ChampionX. If investors know ChampionX will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ChampionX listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.871 | Dividend Share 0.35 | Earnings Share 1.84 | Revenue Per Share 19.216 | Quarterly Revenue Growth (0.03) |
The market value of ChampionX is measured differently than its book value, which is the value of ChampionX that is recorded on the company's balance sheet. Investors also form their own opinion of ChampionX's value that differs from its market value or its book value, called intrinsic value, which is ChampionX's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ChampionX's market value can be influenced by many factors that don't directly affect ChampionX's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ChampionX's value and its price as these two are different measures arrived at by different means. Investors typically determine if ChampionX is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ChampionX's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.