Chevron Earnings before Tax vs Invested Capital Analysis

CVX -- USA Stock  

USD 118.14  0.67  0.57%

Chevron financial indicator trend analysis is way more than just evaluating Chevron prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron is a good investment. Please check the relationship between Chevron Earnings before Tax and its Invested Capital accounts. Check also Trending Equities.

Earnings before Tax vs Invested Capital

Accounts Relationship

Earnings before Tax vs Invested Capital

Significance: Significant Contrarian Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Earnings before Tax account and Invested Capital

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

Invested Capital

Invested capital represents the total cash investment that shareholders and debt holders have contributed to Chevron Corporation. There are two different methods for calculating Chevron invested capital: operating approach and financing approach. Understanding ##company1# invested capital allows investors to calculate measures of performance such as return on invested capital or return on capital employed. Invested capital is an input into the calculation of Return on Invested Capital; and is calculated as: Total Debt plus Total Assets minus Goodwill and Intangible Assets minus Cash and Equivalents minus Current Liabilities. Please note this calculation method is subject to change.

Did you try this?

Run World Markets Correlation Now

   

World Markets Correlation

Find global opportunities by holding instruments from different markets
All  Next Launch World Markets Correlation

Build Efficient Portfolios

Align your risk and return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check also Trending Equities. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.
Search macroaxis.com