NOV Long Term Investments vs Net Receivables Analysis

NOV Stock

USD 18.87 0.08 0.42%

NOV financial indicator trend analysis is infinitely more than just investigating NOV Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether NOV Inc is a good investment. Please check the relationship between NOV Long Term Investments and its Net Receivables accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

Long Term Investments vs Net Receivables

Long Term Investments vs Net Receivables Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Long Term Investments account and Net Receivables. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between NOV's Long Term Investments and Net Receivables is 0.47. Overlapping area represents the amount of variation of Long Term Investments that can explain the historical movement of Net Receivables in the same time period over historical financial statements of NOV Inc, assuming nothing else is changed. The correlation between historical values of NOV's Long Term Investments and Net Receivables is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Long Term Investments of NOV Inc are associated (or correlated) with its Net Receivables. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Receivables has no effect on the direction of Long Term Investments i.e., NOV's Long Term Investments and Net Receivables go up and down completely randomly.

Correlation Coefficient

0.47

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Long Term Investments

Long Term Investments is an item on the asset side of NOV balance sheet that represents investments NOV Inc intends to hold for over a year. NOV Inc long term investments may include different instruments such as stocks, bonds, real estate and cash.

Net Receivables

Most indicators from NOV's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into NOV Inc 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

At this time, NOV's Tax Provision is fairly stable compared to the past year. Enterprise Value Over EBITDA is likely to climb to 10.73 in 2024, whereas Discontinued Operations is likely to drop slightly above 41.6 M in 2024.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	908M	1.1B	1.2B	1.1B
Cost Of Revenue	4.8B	5.9B	6.8B	6.8B

Total Operating Expenses Cost Of Revenue

NOV fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	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 Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Property Plant And Equipment Gross	Short Term Debt	Common Stock Total Equity	Common Stock
Total Assets		0.54	0.96	0.94	0.99	0.75	-0.36	0.93	0.66	0.89	0.98	-0.21	0.89	0.94	0.65	0.89	0.99	0.94	0.5	0.97	0.98	0.95	0.23	0.05	0.48	0.48
Short Long Term Debt Total	0.54		0.46	0.39	0.49	0.83	0.49	0.42	0.02	0.29	0.56	0.24	0.29	0.58	0.64	0.85	0.55	0.39	0.66	0.63	0.49	0.44	0.32	-0.11	0.67	0.66
Other Current Liab	0.96	0.46		0.98	0.93	0.65	-0.43	0.89	0.68	0.92	0.9	-0.19	0.92	0.96	0.58	0.84	0.95	0.95	0.4	0.97	0.98	0.88	0.19	0.03	0.37	0.37
Total Current Liabilities	0.94	0.39	0.98		0.9	0.64	-0.51	0.82	0.79	0.94	0.86	-0.13	0.94	0.96	0.64	0.77	0.93	0.96	0.46	0.95	0.98	0.83	0.24	0.1	0.43	0.43
Total Stockholder Equity	0.99	0.49	0.93	0.9		0.73	-0.39	0.94	0.65	0.87	0.99	-0.26	0.87	0.9	0.61	0.85	0.97	0.92	0.47	0.93	0.95	0.97	0.21	0.07	0.44	0.44
Property Plant And Equipment Net	0.75	0.83	0.65	0.64	0.73		0.08	0.59	0.44	0.6	0.77	0.19	0.6	0.72	0.89	0.85	0.72	0.66	0.87	0.78	0.7	0.66	0.37	0.16	0.86	0.85
Net Debt	-0.36	0.49	-0.43	-0.51	-0.39	0.08		-0.39	-0.7	-0.65	-0.28	0.49	-0.65	-0.3	-0.08	0.05	-0.33	-0.5	0.04	-0.28	-0.43	-0.42	0.33	-0.19	0.13	0.13
Retained Earnings	0.93	0.42	0.89	0.82	0.94	0.59	-0.39		0.49	0.77	0.94	-0.48	0.77	0.82	0.38	0.8	0.91	0.84	0.25	0.86	0.87	0.98	-0.03	0.02	0.22	0.22
Accounts Payable	0.66	0.02	0.68	0.79	0.65	0.44	-0.7	0.49		0.82	0.57	-0.02	0.82	0.68	0.66	0.38	0.66	0.76	0.53	0.65	0.74	0.55	0.26	0.16	0.49	0.49
Cash	0.89	0.29	0.92	0.94	0.87	0.6	-0.65	0.77	0.82		0.81	-0.19	1.0	0.86	0.65	0.69	0.87	0.94	0.49	0.88	0.94	0.81	0.12	0.11	0.43	0.43
Non Current Assets Total	0.98	0.56	0.9	0.86	0.99	0.77	-0.28	0.94	0.57	0.81		-0.25	0.81	0.87	0.62	0.88	0.95	0.88	0.48	0.92	0.92	0.97	0.22	0.09	0.47	0.47
Non Currrent Assets Other	-0.21	0.24	-0.19	-0.13	-0.26	0.19	0.49	-0.48	-0.02	-0.19	-0.25		-0.19	-0.06	0.33	-0.02	-0.18	-0.15	0.35	-0.09	-0.15	-0.46	0.73	-0.02	0.44	0.45
Cash And Short Term Investments	0.89	0.29	0.92	0.94	0.87	0.6	-0.65	0.77	0.82	1.0	0.81	-0.19		0.86	0.65	0.69	0.87	0.94	0.49	0.88	0.94	0.81	0.12	0.11	0.43	0.43
Net Receivables	0.94	0.58	0.96	0.96	0.9	0.72	-0.3	0.82	0.68	0.86	0.87	-0.06	0.86		0.65	0.88	0.95	0.89	0.51	0.98	0.97	0.82	0.29	-0.07	0.48	0.47
Common Stock Shares Outstanding	0.65	0.64	0.58	0.64	0.61	0.89	-0.08	0.38	0.66	0.65	0.62	0.33	0.65	0.65		0.67	0.63	0.65	0.97	0.69	0.66	0.5	0.5	0.2	0.96	0.96
Non Current Liabilities Total	0.89	0.85	0.84	0.77	0.85	0.85	0.05	0.8	0.38	0.69	0.88	-0.02	0.69	0.88	0.67		0.89	0.78	0.59	0.93	0.86	0.8	0.29	-0.1	0.57	0.57
Inventory	0.99	0.55	0.95	0.93	0.97	0.72	-0.33	0.91	0.66	0.87	0.95	-0.18	0.87	0.95	0.63	0.89		0.94	0.48	0.97	0.98	0.93	0.26	0.01	0.46	0.46
Other Current Assets	0.94	0.39	0.95	0.96	0.92	0.66	-0.5	0.84	0.76	0.94	0.88	-0.15	0.94	0.89	0.65	0.78	0.94		0.48	0.93	0.96	0.86	0.25	0.23	0.46	0.46
Other Stockholder Equity	0.5	0.66	0.4	0.46	0.47	0.87	0.04	0.25	0.53	0.49	0.48	0.35	0.49	0.51	0.97	0.59	0.48	0.48		0.55	0.5	0.38	0.41	0.18	0.98	0.98
Total Liab	0.97	0.63	0.97	0.95	0.93	0.78	-0.28	0.86	0.65	0.88	0.92	-0.09	0.88	0.98	0.69	0.93	0.97	0.93	0.55		0.98	0.87	0.28	0.01	0.52	0.52
Total Current Assets	0.98	0.49	0.98	0.98	0.95	0.7	-0.43	0.87	0.74	0.94	0.92	-0.15	0.94	0.97	0.66	0.86	0.98	0.96	0.5	0.98		0.89	0.24	0.02	0.46	0.46
Intangible Assets	0.95	0.44	0.88	0.83	0.97	0.66	-0.42	0.98	0.55	0.81	0.97	-0.46	0.81	0.82	0.5	0.8	0.93	0.86	0.38	0.87	0.89		0.01	0.1	0.34	0.33
Property Plant And Equipment Gross	0.23	0.32	0.19	0.24	0.21	0.37	0.33	-0.03	0.26	0.12	0.22	0.73	0.12	0.29	0.5	0.29	0.26	0.25	0.41	0.28	0.24	0.01		0.08	0.55	0.56
Short Term Debt	0.05	-0.11	0.03	0.1	0.07	0.16	-0.19	0.02	0.16	0.11	0.09	-0.02	0.11	-0.07	0.2	-0.1	0.01	0.23	0.18	0.01	0.02	0.1	0.08		0.21	0.21
Common Stock Total Equity	0.48	0.67	0.37	0.43	0.44	0.86	0.13	0.22	0.49	0.43	0.47	0.44	0.43	0.48	0.96	0.57	0.46	0.46	0.98	0.52	0.46	0.34	0.55	0.21		1.0
Common Stock	0.48	0.66	0.37	0.43	0.44	0.85	0.13	0.22	0.49	0.43	0.47	0.45	0.43	0.47	0.96	0.57	0.46	0.46	0.98	0.52	0.46	0.33	0.56	0.21	1.0

Click cells to compare fundamentals

NOV Account Relationship Matchups

NOV fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.1B	9.9B	9.6B	10.1B	11.3B	14.7B
Short Long Term Debt Total	2.8B	2.6B	2.4B	2.4B	2.4B	1.7B
Other Current Liab	991M	914M	802M	987M	892M	1.4B
Total Current Liabilities	2.2B	1.9B	1.9B	2.4B	2.4B	2.9B
Total Stockholder Equity	7.8B	5.3B	5.1B	5.1B	6.2B	9.2B
Property Plant And Equipment Net	3.0B	2.5B	2.4B	2.3B	2.4B	1.8B
Net Debt	1.6B	864M	797M	1.3B	1.6B	1.6B
Retained Earnings	690M	(1.9B)	(2.1B)	(2.1B)	(1.2B)	(1.1B)
Accounts Payable	715M	489M	612M	906M	904M	730.4M
Cash	1.2B	1.7B	1.6B	1.1B	816M	1.5B
Non Current Assets Total	7.0B	4.7B	4.6B	4.6B	5.5B	7.8B
Non Currrent Assets Other	349M	207M	258M	164M	334M	350.7M
Cash And Short Term Investments	1.2B	1.7B	1.6B	1.1B	816M	1.5B
Net Receivables	2.5B	1.9B	1.8B	2.4B	2.6B	2.5B
Common Stock Shares Outstanding	382M	384M	386M	394M	397M	343.0M
Liabilities And Stockholders Equity	13.1B	9.9B	9.6B	10.1B	11.3B	14.7B
Non Current Liabilities Total	3.1B	2.8B	2.6B	2.6B	2.6B	2.6B
Inventory	2.2B	1.4B	1.3B	1.8B	2.2B	2.5B
Other Current Assets	247M	224M	198M	187M	229M	300.6M
Other Stockholder Equity	8.6B	8.7B	8.8B	8.8B	8.8B	5.9B
Total Liab	5.3B	4.7B	4.5B	5.0B	5.1B	5.5B
Total Current Assets	6.1B	5.2B	4.9B	5.5B	5.8B	6.9B
Intangible Assets	852M	527M	503M	490M	450M	427.5M
Property Plant And Equipment Gross	3.0B	2.5B	2.4B	2.3B	5.7B	6.0B
Accumulated Other Comprehensive Income	(1.4B)	(1.5B)	(1.5B)	(1.6B)	(1.5B)	(1.4B)
Short Term Debt	114M	110M	104M	100M	107M	105.1M
Other Liab	393M	337M	292M	298M	342.7M	408.4M
Other Assets	67M	773M	258M	349M	401.4M	267.6M
Long Term Debt	2.0B	1.8B	1.7B	1.7B	1.7B	1.7B
Good Will	3.7B	1.5B	1.5B	1.5B	1.6B	1.5B
Property Plant Equipment	2.4B	1.9B	2.4B	2.3B	2.6B	2.0B
Current Deferred Revenue	427M	354M	392M	444M	532M	681.5M
Net Tangible Assets	4.1B	3.2B	3.0B	3.1B	2.8B	4.3B
Noncontrolling Interest In Consolidated Entity	68M	69M	67M	38M	34.2M	65.9M
Retained Earnings Total Equity	690M	(1.9B)	(2.1B)	(2.1B)	(1.9B)	(1.8B)
Short Term Investments	10M	4M	8M	51M	58.7M	61.6M
Long Term Debt Total	2.0B	1.8B	1.7B	1.7B	2.0B	2.4B

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When determining whether NOV Inc is a strong investment it is important to analyze NOV's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOV's future performance. For an informed investment choice regarding NOV Stock, refer to the following important reports:

How To Invest In NOV

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Is NOV Stock a good investment?

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What is NOV's Net Worth?

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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.

You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

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When running NOV's price analysis, check to measure NOV'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 NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.

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Is NOV'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 NOV. If investors know NOV 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 NOV 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

(0.06)

Dividend Share

0.2

Earnings Share

2.5

Revenue Per Share

22.302

Quarterly Revenue Growth

0.098

The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV'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 NOV's market value can be influenced by many factors that don't directly affect NOV'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 NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV'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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NOV Long Term Investments vs Net Receivables Analysis

Long Term Investments vs Net Receivables

Long Term Investments vs Net Receivables Correlation Analysis

Correlation Coefficient

Long Term Investments

Net Receivables

NOV fundamental ratios Correlations

NOV Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NOV fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for NOV Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Total Stockholder Equity	+ 0.99	Total Assets
Inventory	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Total Stockholder Equity
Non Current Assets Total	+ 0.98	Total Assets

Accounts Payable	- 0.7	Net Debt
Cash And Short Term Investments	- 0.65	Net Debt
Cash	- 0.65	Net Debt
Net Debt	- 0.51	Total Current Liabilities
Other Current Assets	- 0.5	Net Debt
Non Currrent Assets Other	- 0.48	Retained Earnings