Chevron Accounts Payable vs Accumulated Other Comprehensive Income Analysis
CVX Stock | USD 163.57 0.72 0.44% |
Chevron Corp financial indicator trend analysis is way more than just evaluating Chevron Corp prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron Corp is a good investment. Please check the relationship between Chevron Corp Accounts Payable and its Accumulated Other Comprehensive Income accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. 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. For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.
Accounts Payable vs Accumulated Other Comprehensive Income
Accounts Payable vs Accumulated Other Comprehensive Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Chevron Corp Accounts Payable account and Accumulated Other Comprehensive Income. At this time, the significance of the direction appears to have strong relationship.
The correlation between Chevron Corp's Accounts Payable and Accumulated Other Comprehensive Income is 0.64. Overlapping area represents the amount of variation of Accounts Payable that can explain the historical movement of Accumulated Other Comprehensive Income in the same time period over historical financial statements of Chevron Corp, assuming nothing else is changed. The correlation between historical values of Chevron Corp's Accounts Payable and Accumulated Other Comprehensive Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Accounts Payable of Chevron Corp are associated (or correlated) with its Accumulated Other Comprehensive Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accumulated Other Comprehensive Income has no effect on the direction of Accounts Payable i.e., Chevron Corp's Accounts Payable and Accumulated Other Comprehensive Income go up and down completely randomly.
Correlation Coefficient | 0.64 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Accounts Payable
An accounting item on the balance sheet that represents Chevron Corp obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Chevron Corp are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.Accumulated Other Comprehensive Income
Gains and losses not included in net income that are recorded in shareholders' equity, reflecting changes in the value of assets or liabilities that are not realized.Most indicators from Chevron Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Chevron Corp 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. 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. For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.Selling General Administrative is likely to rise to about 6.2 B in 2024. Tax Provision is likely to rise to about 8.6 B in 2024
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 48.3B | 74.0B | 34.3B | 48.4B | Total Revenue | 155.6B | 246.3B | 200.9B | 149.4B |
Chevron Corp fundamental ratios Correlations
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Chevron Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chevron Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 2.0B | |
Total Assets | 237.4B | 239.8B | 239.5B | 257.7B | 261.6B | 171.8B | |
Short Long Term Debt Total | 27.0B | 44.3B | 31.4B | 23.3B | 26.1B | 20.5B | |
Other Current Liab | 9.1B | 9.7B | 10.1B | 13.3B | 7.9B | 6.3B | |
Total Current Liabilities | 26.5B | 22.2B | 26.8B | 34.2B | 32.3B | 25.7B | |
Total Stockholder Equity | 176.8B | 162.2B | 167.4B | 191.9B | 161.0B | 107.1B | |
Property Plant And Equipment Net | 154.6B | 160.6B | 150.6B | 147.9B | 159.0B | 106.7B | |
Net Debt | 21.3B | 38.7B | 25.7B | 5.7B | 17.6B | 12.4B | |
Retained Earnings | 174.9B | 160.4B | 165.5B | 190.0B | 200.0B | 109.6B | |
Accounts Payable | 14.1B | 11.0B | 16.5B | 19.0B | 20.4B | 14.1B | |
Cash | 5.7B | 5.6B | 5.6B | 17.7B | 8.5B | 8.1B | |
Non Current Assets Total | 197.7B | 204.0B | 195.7B | 197.8B | 220.5B | 135.8B | |
Non Currrent Assets Other | 3.4B | 1.1B | 768M | (17.1B) | 4.0B | 4.2B | |
Cash And Short Term Investments | 5.7B | 5.6B | 5.7B | 17.9B | 8.5B | 8.7B | |
Net Receivables | 13.3B | 11.5B | 18.4B | 20.5B | 19.9B | 14.7B | |
Short Term Investments | 63M | 31M | 35M | 223M | 45M | 42.8M | |
Liabilities And Stockholders Equity | 237.4B | 239.8B | 239.5B | 257.7B | 261.6B | 171.8B | |
Non Current Liabilities Total | 23.4B | 42.3B | 30.7B | 21.0B | 67.4B | 70.8B | |
Inventory | 5.8B | 5.7B | 6.8B | 8.2B | 8.6B | 5.0B | |
Other Current Assets | 3.5B | 3.3B | 3.3B | 3.7B | 4.1B | 3.2B | |
Other Stockholder Equity | (27.3B) | (24.7B) | (24.2B) | (29.5B) | (37.7B) | (35.8B) | |
Total Liab | 92.2B | 107.1B | 99.6B | 97.5B | 99.7B | 75.5B | |
Property Plant And Equipment Gross | 326.7B | 345.2B | 336.0B | 327.8B | 346.1B | 203.3B | |
Total Current Assets | 28.3B | 26.1B | 33.7B | 50.3B | 41.1B | 32.1B | |
Accumulated Other Comprehensive Income | (5.2B) | (5.9B) | (4.1B) | (3.0B) | (3.2B) | (3.4B) | |
Short Term Debt | 3.3B | 1.5B | 256M | 2.0B | 2.1B | 2.4B | |
Property Plant Equipment | 154.6B | 160.6B | 150.6B | 147.9B | 170.0B | 104.0B | |
Other Liab | 39.4B | 39.5B | 39.2B | 39.0B | 44.8B | 30.0B | |
Other Assets | 11.4B | 9.7B | 10.1B | 9.6B | 261.6B | 274.7B | |
Long Term Debt | 23.7B | 42.3B | 30.7B | 21.0B | 19.7B | 19.9B | |
Treasury Stock | (44.6B) | (41.5B) | (41.5B) | (48.2B) | (43.4B) | (45.5B) | |
Good Will | 4.5B | 4.4B | 4.4B | 4.7B | 4.2B | 3.7B | |
Net Tangible Assets | 139.8B | 127.3B | 131.5B | 154.6B | 177.7B | 146.7B | |
Noncontrolling Interest In Consolidated Entity | 995M | 1.0B | 873M | 960M | 1.1B | 1.1B | |
Retained Earnings Total Equity | 174.9B | 160.4B | 165.5B | 190.0B | 218.5B | 179.6B |
Pair Trading with Chevron Corp
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 Chevron Corp 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 Chevron Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chevron Stock
0.62 | E | Eni SpA ADR Financial Report 26th of April 2024 | PairCorr |
0.88 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
0.85 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Chevron Stock
0.68 | EP | Empire Petroleum Corp | PairCorr |
The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp 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 Chevron Corp - 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 Chevron Corp to buy it.
The correlation of Chevron Corp 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 Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp 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 Chevron Corp 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.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. 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. For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
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Is Chevron Corp'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 Chevron Corp. If investors know Chevron 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 Chevron Corp 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 (0.64) | Dividend Share 6.04 | Earnings Share 11.37 | Revenue Per Share 104.004 | Quarterly Revenue Growth (0.15) |
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp'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 Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp'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 Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp'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.