Chromatography is based on a physical equilibrium
that results when a solute is transferred between the mobile and a stationary phase. 
A
A
A
A
A
A
A
A
A
A
A
A
K = distribution
       coefficient or
       partition ratio
K
=
 
 
 
C
 
S
 
 
C
 
M
 
 
 
Where CS is the molar concentration of the solute in the stationary phase and CM is the molar concentration in the mobile phase.
Cross Section of Equilibrium in a column.
ÒAÓ are adsorbed to the stationary phase.
ÒAÓ are traveling in the mobile phase.