What is Championx's ROA in the fourth quarter of 2023?
Championx Corp achieved a return on average assets (ROA) of
9.89 % in its fourth quarter of 2023, this is above CHX's average return on assets of -3.84%.
Championx Corps assets during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion
Despite the company's net income deteriorating, Championx was able to improve its ROA compared to the third quarter of 2023.
However, within the
Capital Goods sector 64 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
468, from total ROA ranking in the third quarter of 2023 at
653.
What is ROA?