Chevron Invested Capital vs Average Equity Analysis

CVX -- USA Stock  

USD 121.67  0.60  0.49%

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 Invested Capital and its Average Equity accounts. Check also Trending Equities.

Invested Capital vs Average Equity

Accounts Relationship

Invested Capital vs Average Equity

Significance: Almost Identical Trend

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Invested Capital account and Average Equity

Correlation Coefficient

0.94
Relationship DirectionPositive 
Relationship StrengthVery Strong

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

Average Equity

Average equity value for the period used in calculation of Return on Average Equity

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