Chevron Invested Capital vs Earnings before Tax Analysis

CVX -- USA Stock  

USD 113.06  5.08  4.30%

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 Earnings before Tax accounts. Check also Trending Equities.

Invested Capital vs Earnings before Tax

Accounts Relationship

Invested Capital vs Earnings before Tax

Significance: Significant Contrarian Relationship

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

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

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.

Earnings before Tax

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

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