Chevron Invested Capital vs Enterprise Value Analysis

CVX -- USA Stock  

USD 115.35  1.60  1.37%

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 Enterprise Value accounts. Check also Trending Equities.

Invested Capital vs Enterprise Value

Accounts Relationship

Invested Capital vs Enterprise Value

Significance: Very Strong Relationship

Invested Capital diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Invested Capital account and Enterprise Value

Correlation Coefficient

0.88
Relationship DirectionPositive 
Relationship StrengthStrong

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.

Enterprise Value

Enterprise Value (or EV) is usually referred to as Chevron theoretical takeover price. In the event of an acquisition, an acquirer would have to take on Chevron debt, but would also pocket its cash. Enterprise Value is more accurate representation of Chevron value then its market capitalization because it takes into account all of Chevron Corporation existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as Market Capitalization plus Total Debt USD minus Cash and Equivalents USD.

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