Devon Net Receivables vs Current Deferred Revenue Analysis

DVN Stock

USD 50.53 0.19 0.38%

Devon Energy financial indicator trend analysis is much more than just examining Devon Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devon Energy is a good investment. Please check the relationship between Devon Energy Net Receivables and its Current Deferred Revenue accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devon Energy Net Receivables account and Current Deferred Revenue. At this time, the significance of the direction appears to have strong relationship.

The correlation between Devon Energy's Net Receivables and Current Deferred Revenue is 0.63. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Current Deferred Revenue in the same time period over historical financial statements of Devon Energy, assuming nothing else is changed. The correlation between historical values of Devon Energy's Net Receivables and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Devon Energy are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Receivables i.e., Devon Energy's Net Receivables and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Receivables

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

Most indicators from Devon Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devon Energy current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.At this time, Devon Energy's Selling General Administrative is very stable compared to the past year. As of the 3rd of May 2024, Tax Provision is likely to grow to about 967 M, though Discontinued Operations is likely to grow to (109.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	8.4B	5.2B	3.9B
Total Revenue	12.2B	19.2B	15.1B	15.9B

Gross Profit Total Revenue

Devon Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Other Current Assets	Common Stock Total Equity	Property Plant And Equipment Gross	Intangible Assets	Common Stock	Other Liab
Total Assets		0.88	0.95	0.93	0.98	0.72	0.82	0.65	0.99	0.48	0.65	0.78	0.29	0.95	0.26	0.26	0.98	0.87	-0.03	0.6	0.59	0.23	0.49	0.58	0.25	0.43
Short Long Term Debt Total	0.88		0.79	0.67	0.84	0.89	0.51	0.63	0.88	0.63	0.59	0.68	0.35	0.97	0.05	0.43	0.95	0.73	0.09	0.43	0.46	0.27	0.32	0.45	0.31	0.57
Total Current Liabilities	0.95	0.79		0.96	0.91	0.52	0.9	0.8	0.92	0.33	0.8	0.66	0.23	0.85	0.15	0.14	0.92	0.95	-0.07	0.56	0.61	0.15	0.41	0.76	0.18	0.28
Total Stockholder Equity	0.93	0.67	0.96		0.91	0.43	0.95	0.7	0.9	0.21	0.73	0.66	0.24	0.78	0.23	0.09	0.86	0.91	-0.14	0.65	0.67	0.19	0.52	0.71	0.19	0.26
Property Plant And Equipment Net	0.98	0.84	0.91	0.91		0.73	0.79	0.55	0.99	0.42	0.54	0.85	0.36	0.94	0.32	0.33	0.96	0.8	-0.03	0.62	0.57	0.32	0.54	0.47	0.33	0.47
Net Debt	0.72	0.89	0.52	0.43	0.73		0.25	0.2	0.76	0.65	0.17	0.72	0.38	0.88	0.24	0.54	0.8	0.4	0.12	0.38	0.25	0.35	0.36	0.02	0.38	0.57
Retained Earnings	0.82	0.51	0.9	0.95	0.79	0.25		0.65	0.79	0.12	0.7	0.46	-0.02	0.63	0.3	-0.21	0.73	0.85	-0.3	0.59	0.58	-0.06	0.45	0.71	-0.07	0.02
Cash	0.65	0.63	0.8	0.7	0.55	0.2	0.65		0.58	0.24	0.97	0.22	0.1	0.57	-0.29	0.01	0.66	0.89	-0.02	0.26	0.55	-0.02	0.06	0.92	0.02	0.24
Non Current Assets Total	0.99	0.88	0.92	0.9	0.99	0.76	0.79	0.58		0.5	0.58	0.81	0.3	0.96	0.29	0.29	0.98	0.81	-0.04	0.62	0.55	0.25	0.53	0.5	0.27	0.45
Non Currrent Assets Other	0.48	0.63	0.33	0.21	0.42	0.65	0.12	0.24	0.5		0.24	0.28	-0.07	0.6	0.14	0.18	0.54	0.32	0.23	0.18	0.13	-0.1	0.16	0.09	-0.09	0.45
Cash And Short Term Investments	0.65	0.59	0.8	0.73	0.54	0.17	0.7	0.97	0.58	0.24		0.17	0.04	0.55	-0.28	-0.05	0.64	0.91	-0.08	0.31	0.6	-0.06	0.09	0.96	-0.02	0.19
Net Receivables	0.78	0.68	0.66	0.66	0.85	0.72	0.46	0.22	0.81	0.28	0.17		0.67	0.78	0.41	0.65	0.77	0.51	0.26	0.46	0.36	0.63	0.46	0.1	0.65	0.47
Common Stock Shares Outstanding	0.29	0.35	0.23	0.24	0.36	0.38	-0.02	0.1	0.3	-0.07	0.04	0.67		0.35	-0.02	0.88	0.33	0.22	0.49	0.25	0.37	0.96	0.24	0.02	0.98	0.53
Non Current Liabilities Total	0.95	0.97	0.85	0.78	0.94	0.88	0.63	0.57	0.96	0.6	0.55	0.78	0.35		0.22	0.39	0.99	0.76	0.05	0.53	0.51	0.29	0.44	0.44	0.32	0.53
Inventory	0.26	0.05	0.15	0.23	0.32	0.24	0.3	-0.29	0.29	0.14	-0.28	0.41	-0.02	0.22		-0.14	0.21	0.08	0.2	0.08	0.01	-0.06	0.13	-0.29	-0.07	-0.19
Other Stockholder Equity	0.26	0.43	0.14	0.09	0.33	0.54	-0.21	0.01	0.29	0.18	-0.05	0.65	0.88	0.39	-0.14		0.33	0.09	0.53	0.18	0.18	0.87	0.22	-0.12	0.91	0.66
Total Liab	0.98	0.95	0.92	0.86	0.96	0.8	0.73	0.66	0.98	0.54	0.64	0.77	0.33	0.99	0.21	0.33		0.84	0.02	0.56	0.55	0.26	0.45	0.55	0.29	0.47
Total Current Assets	0.87	0.73	0.95	0.91	0.8	0.4	0.85	0.89	0.81	0.32	0.91	0.51	0.22	0.76	0.08	0.09	0.84		0.02	0.44	0.71	0.1	0.24	0.85	0.14	0.28
Other Current Liab	-0.03	0.09	-0.07	-0.14	-0.03	0.12	-0.3	-0.02	-0.04	0.23	-0.08	0.26	0.49	0.05	0.2	0.53	0.02	0.02		-0.33	0.02	0.37	-0.28	-0.18	0.44	0.08
Accounts Payable	0.6	0.43	0.56	0.65	0.62	0.38	0.59	0.26	0.62	0.18	0.31	0.46	0.25	0.53	0.08	0.18	0.56	0.44	-0.33		0.43	0.38	0.96	0.34	0.33	0.32
Other Current Assets	0.59	0.46	0.61	0.67	0.57	0.25	0.58	0.55	0.55	0.13	0.6	0.36	0.37	0.51	0.01	0.18	0.55	0.71	0.02	0.43		0.25	0.25	0.51	0.27	0.46
Common Stock Total Equity	0.23	0.27	0.15	0.19	0.32	0.35	-0.06	-0.02	0.25	-0.1	-0.06	0.63	0.96	0.29	-0.06	0.87	0.26	0.1	0.37	0.38	0.25		0.41	-0.05	0.99	0.5
Property Plant And Equipment Gross	0.49	0.32	0.41	0.52	0.54	0.36	0.45	0.06	0.53	0.16	0.09	0.46	0.24	0.44	0.13	0.22	0.45	0.24	-0.28	0.96	0.25	0.41		0.14	0.36	0.31
Intangible Assets	0.58	0.45	0.76	0.71	0.47	0.02	0.71	0.92	0.5	0.09	0.96	0.1	0.02	0.44	-0.29	-0.12	0.55	0.85	-0.18	0.34	0.51	-0.05	0.14		-0.04	0.1
Common Stock	0.25	0.31	0.18	0.19	0.33	0.38	-0.07	0.02	0.27	-0.09	-0.02	0.65	0.98	0.32	-0.07	0.91	0.29	0.14	0.44	0.33	0.27	0.99	0.36	-0.04		0.51
Other Liab	0.43	0.57	0.28	0.26	0.47	0.57	0.02	0.24	0.45	0.45	0.19	0.47	0.53	0.53	-0.19	0.66	0.47	0.28	0.08	0.32	0.46	0.5	0.31	0.1	0.51

Click cells to compare fundamentals

Devon Energy Account Relationship Matchups

Devon Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.7B	9.9B	21.0B	23.7B	25.0B	20.2B
Short Long Term Debt Total	4.5B	4.5B	6.7B	6.7B	6.5B	5.8B
Total Current Liabilities	1.9B	1.4B	3.1B	3.1B	2.9B	2.4B
Total Stockholder Equity	5.8B	2.9B	9.3B	11.2B	12.1B	9.0B
Property Plant And Equipment Net	8.8B	5.6B	15.2B	18.3B	19.6B	13.6B
Net Debt	3.1B	2.3B	4.5B	5.2B	5.6B	4.2B
Retained Earnings	3.1B	208M	1.7B	4.3B	6.2B	4.4B
Cash	1.5B	2.2B	2.3B	1.5B	875M	1.4B
Non Current Assets Total	9.9B	6.7B	16.8B	19.8B	21.9B	17.2B
Non Currrent Assets Other	277M	283M	91M	(1.2B)	319M	553.0M
Cash And Short Term Investments	1.5B	2.2B	2.3B	1.5B	875M	1.6B
Net Receivables	832M	775M	1.6B	1.8B	1.6B	947.3M
Common Stock Shares Outstanding	401M	377M	665M	653M	642M	339.2M
Liabilities And Stockholders Equity	13.7B	9.9B	21.0B	23.7B	25.0B	20.2B
Non Current Liabilities Total	5.9B	5.5B	8.5B	9.3B	9.9B	8.2B
Inventory	197M	1.3B	114M	201M	249M	184.0M
Other Stockholder Equity	2.7B	2.8B	7.6B	6.9B	5.9B	4.1B
Total Liab	7.8B	6.9B	11.6B	12.4B	12.8B	10.6B
Total Current Assets	3.9B	3.3B	4.2B	3.9B	3.2B	3.0B
Other Current Liab	1.5B	1.2B	2.6B	532M	451M	645.0M
Accounts Payable	428M	242M	500M	859M	2.0B	2.1B
Other Current Assets	279M	248M	352M	469M	460M	336.5M
Property Plant And Equipment Gross	8.8B	5.6B	15.0B	18.1B	50.5B	53.0B
Accumulated Other Comprehensive Income	(119M)	(127M)	(132M)	(116M)	(124M)	(117.8M)
Other Liab	1.3B	909M	1.8B	2.9B	3.3B	2.4B
Other Assets	277M	1.5M	378M	307M	353.1M	335.4M
Long Term Debt	4.5B	4.5B	6.7B	6.2B	5.7B	7.5B
Property Plant Equipment	8.6B	5.4B	15.0B	18.1B	20.8B	20.7B
Current Deferred Revenue	(17M)	(9M)	(26M)	1.5B	1.7B	1.8B
Short Term Debt	17M	9M	26M	251M	516M	490.2M
Net Tangible Assets	5.0B	2.1B	8.5B	10.4B	9.4B	7.3B
Retained Earnings Total Equity	3.1B	208M	1.7B	4.3B	3.9B	5.6B
Long Term Debt Total	4.5B	4.5B	6.7B	6.4B	5.8B	5.9B

Devon Energy Investors Sentiment

The influence of Devon Energy's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Devon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Devon Energy's public news can be used to forecast risks associated with an investment in Devon. The trend in average sentiment can be used to explain how an investor holding Devon can time the market purely based on public headlines and social activities around Devon Energy. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Devon Energy's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Devon Energy's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Devon Energy's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Devon Energy.

Devon Energy Implied Volatility

52.93

Devon Energy's implied volatility exposes the market's sentiment of Devon Energy stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Devon Energy's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Devon Energy stock will not fluctuate a lot when Devon Energy's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Devon Energy in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Devon Energy's short interest history, or implied volatility extrapolated from Devon Energy options trading.

Pair Trading with Devon Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Devon Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Devon Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Devon Stock

0.9	AR	Antero Resources Corp Sell-off Trend	Pair Corr
0.93	PR	Permian Resources Earnings Call This Week	Pair Corr
0.93	SD	SandRidge Energy Earnings Call Today	Pair Corr
0.94	SM	SM Energy	Pair Corr

Moving against Devon Stock

0.7

Empire Petroleum Corp

Pair Corr

The ability to find closely correlated positions to Devon Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Devon Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Devon Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Devon Energy to buy it.

The correlation of Devon Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Devon Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:

How To Invest In Devon

Details

Is Devon Stock a good investment?

Details

What is Devon Energy's Net Worth?

Details

Largest Oil & Gas E&P Companies

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Largest Energy Companies

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running Devon Energy's price analysis, check to measure Devon Energy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Devon Energy is operating at the current time. Most of Devon Energy's value examination focuses on studying past and present price action to predict the probability of Devon Energy's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Devon Energy's price. Additionally, you may evaluate how the addition of Devon Energy to your portfolios can decrease your overall portfolio volatility.

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Is Devon Energy's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Devon Energy. If investors know Devon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Devon Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.39)

Dividend Share

1.98

Earnings Share

5.25

Revenue Per Share

22.362

Quarterly Revenue Growth

0.003

The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Devon Net Receivables vs Current Deferred Revenue Analysis

Net Receivables vs Current Deferred Revenue

Net Receivables vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Receivables

Current Deferred Revenue

Devon Energy fundamental ratios Correlations

Devon Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Devon Energy fundamental ratios Accounts

Devon Energy Investors Sentiment

Devon Energy Implied Volatility

Pair Trading with Devon Energy

Moving together with Devon Stock

Moving against Devon Stock

Complementary Tools for Devon Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Accounts Payable	- 0.33	Other Current Liab
Other Current Liab	- 0.3	Retained Earnings
Intangible Assets	- 0.29	Inventory
Inventory	- 0.29	Cash
Property Plant And Equipment Gross	- 0.28	Other Current Liab
Inventory	- 0.28	Cash And Short Term Investments