NOV Net Receivables vs Net Working Capital Analysis

NOV Stock

USD 13.17 0.10 0.77%

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 Net Receivables and its Net Working Capital 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 closely tied with the direction of predictive economic indicators such as signals in producer price index.

Net Receivables vs Net Working Capital

Net Receivables vs Net Working Capital Correlation Analysis

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

The correlation between NOV's Net Receivables and Net Working Capital is 0.44. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Net Working Capital 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 Net Receivables and Net Working Capital 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 NOV Inc are associated (or correlated) with its Net Working Capital. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Working Capital has no effect on the direction of Net Receivables i.e., NOV's Net Receivables and Net Working Capital go up and down completely randomly.

Correlation Coefficient

0.44

Relationship Direction	Positive
Relationship Strength	Weak

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Net Receivables

Net Working Capital

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 closely tied with the direction of predictive economic indicators such as signals in producer price index.

Tax Provision is likely to climb to about 205.8 M in 2025, whereas Selling General Administrative is likely to drop slightly above 1.1 B in 2025.

	2022	2023	2024	2025 (projected)
Total Operating Expenses	1.1B	1.2B	1.1B	1.1B
Cost Of Revenue	5.9B	6.8B	6.9B	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		0.53	0.94	0.94	0.99	0.75	-0.36	0.93	0.7	0.89	0.98	-0.27	0.89	0.95	0.62	0.89	0.99	0.92	0.48	0.97	0.98	0.95	0.11	-0.14	0.45	0.45
Short Long Term Debt Total	0.53		0.37	0.39	0.48	0.83	0.51	0.41	0.39	0.29	0.55	0.16	0.29	0.53	0.63	0.84	0.54	0.37	0.66	0.63	0.49	0.43	0.28	-0.1	0.66	0.66
Other Current Liab	0.94	0.37		0.98	0.92	0.58	-0.5	0.88	0.72	0.92	0.88	-0.24	0.92	0.96	0.51	0.78	0.93	0.98	0.32	0.95	0.97	0.86	0.1	-0.13	0.3	0.3
Total Current Liabilities	0.94	0.39	0.98		0.9	0.64	-0.52	0.83	0.81	0.94	0.86	-0.18	0.94	0.98	0.62	0.78	0.93	0.98	0.45	0.96	0.98	0.83	0.15	-0.05	0.41	0.41
Total Stockholder Equity	0.99	0.48	0.92	0.9		0.72	-0.39	0.95	0.65	0.87	0.99	-0.32	0.87	0.91	0.59	0.85	0.97	0.89	0.44	0.93	0.95	0.97	0.08	-0.14	0.42	0.42
Property Plant And Equipment Net	0.75	0.83	0.58	0.64	0.72		0.1	0.58	0.61	0.6	0.76	0.1	0.6	0.71	0.88	0.84	0.71	0.58	0.87	0.77	0.7	0.65	0.3	0.13	0.86	0.85
Net Debt	-0.36	0.51	-0.5	-0.52	-0.39	0.1		-0.39	-0.35	-0.65	-0.29	0.43	-0.65	-0.37	-0.06	0.05	-0.34	-0.53	0.07	-0.28	-0.44	-0.41	0.29	-0.07	0.13	0.13
Retained Earnings	0.93	0.41	0.88	0.83	0.95	0.58	-0.39		0.48	0.78	0.95	-0.51	0.78	0.83	0.35	0.8	0.92	0.83	0.22	0.86	0.88	0.98	-0.12	-0.23	0.2	0.19
Accounts Payable	0.7	0.39	0.72	0.81	0.65	0.61	-0.35	0.48		0.75	0.59	0.13	0.75	0.85	0.74	0.61	0.73	0.77	0.63	0.77	0.8	0.52	0.36	-0.13	0.58	0.58
Cash	0.89	0.29	0.92	0.94	0.87	0.6	-0.65	0.78	0.75		0.82	-0.23	1.0	0.9	0.63	0.7	0.87	0.94	0.48	0.88	0.94	0.82	0.03	-0.03	0.43	0.43
Non Current Assets Total	0.98	0.55	0.88	0.86	0.99	0.76	-0.29	0.95	0.59	0.82		-0.31	0.82	0.88	0.59	0.88	0.96	0.85	0.46	0.92	0.92	0.97	0.09	-0.13	0.44	0.44
Non Currrent Assets Other	-0.27	0.16	-0.24	-0.18	-0.32	0.1	0.43	-0.51	0.13	-0.23	-0.31		-0.23	-0.13	0.29	-0.11	-0.24	-0.22	0.29	-0.15	-0.21	-0.51	0.81	0.15	0.39	0.4
Cash And Short Term Investments	0.89	0.29	0.92	0.94	0.87	0.6	-0.65	0.78	0.75	1.0	0.82	-0.23		0.9	0.63	0.7	0.87	0.94	0.48	0.88	0.94	0.82	0.03	-0.03	0.43	0.43
Net Receivables	0.95	0.53	0.96	0.98	0.91	0.71	-0.37	0.83	0.85	0.9	0.88	-0.13	0.9		0.65	0.86	0.96	0.96	0.5	0.98	0.99	0.83	0.19	-0.17	0.46	0.46
Common Stock Shares Outstanding	0.62	0.63	0.51	0.62	0.59	0.88	-0.06	0.35	0.74	0.63	0.59	0.29	0.63	0.65		0.65	0.61	0.53	0.97	0.67	0.64	0.46	0.47	0.23	0.96	0.96
Non Current Liabilities Total	0.89	0.84	0.78	0.78	0.85	0.84	0.05	0.8	0.61	0.7	0.88	-0.11	0.7	0.86	0.65		0.9	0.77	0.57	0.93	0.86	0.81	0.18	-0.21	0.56	0.55
Inventory	0.99	0.54	0.93	0.93	0.97	0.71	-0.34	0.92	0.73	0.87	0.96	-0.24	0.87	0.96	0.61	0.9		0.93	0.46	0.97	0.98	0.93	0.14	-0.18	0.43	0.43
Other Current Assets	0.92	0.37	0.98	0.98	0.89	0.58	-0.53	0.83	0.77	0.94	0.85	-0.22	0.94	0.96	0.53	0.77	0.93		0.35	0.94	0.97	0.83	0.08	-0.09	0.31	0.31
Other Stockholder Equity	0.48	0.66	0.32	0.45	0.44	0.87	0.07	0.22	0.63	0.48	0.46	0.29	0.48	0.5	0.97	0.57	0.46	0.35		0.53	0.48	0.35	0.41	0.25	0.98	0.98
Total Liab	0.97	0.63	0.95	0.96	0.93	0.77	-0.28	0.86	0.77	0.88	0.92	-0.15	0.88	0.98	0.67	0.93	0.97	0.94	0.53		0.98	0.87	0.17	-0.13	0.5	0.5
Total Current Assets	0.98	0.49	0.97	0.98	0.95	0.7	-0.44	0.88	0.8	0.94	0.92	-0.21	0.94	0.99	0.64	0.86	0.98	0.97	0.48	0.98		0.89	0.13	-0.14	0.45	0.44
Intangible Assets	0.95	0.43	0.86	0.83	0.97	0.65	-0.41	0.98	0.52	0.82	0.97	-0.51	0.82	0.83	0.46	0.81	0.93	0.83	0.35	0.87	0.89		-0.11	-0.13	0.31	0.31
Property Plant And Equipment Gross	0.11	0.28	0.1	0.15	0.08	0.3	0.29	-0.12	0.36	0.03	0.09	0.81	0.03	0.19	0.47	0.18	0.14	0.08	0.41	0.17	0.13	-0.11		0.09	0.51	0.53
Short Term Debt	-0.14	-0.1	-0.13	-0.05	-0.14	0.13	-0.07	-0.23	-0.13	-0.03	-0.13	0.15	-0.03	-0.17	0.23	-0.21	-0.18	-0.09	0.25	-0.13	-0.14	-0.13	0.09		0.26	0.26
Common Stock Total Equity	0.45	0.66	0.3	0.41	0.42	0.86	0.13	0.2	0.58	0.43	0.44	0.39	0.43	0.46	0.96	0.56	0.43	0.31	0.98	0.5	0.45	0.31	0.51	0.26		1.0
Common Stock	0.45	0.66	0.3	0.41	0.42	0.85	0.13	0.19	0.58	0.43	0.44	0.4	0.43	0.46	0.96	0.55	0.43	0.31	0.98	0.5	0.44	0.31	0.53	0.26	1.0

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NOV Account Relationship Matchups

NOV fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	9.9B	9.6B	10.1B	11.3B	11.4B	14.6B
Short Long Term Debt Total	2.6B	2.4B	2.4B	2.4B	2.4B	1.7B
Other Current Liab	753M	679M	872M	776M	1.4B	1.8B
Total Current Liabilities	1.9B	1.9B	2.4B	2.4B	2.3B	2.8B
Total Stockholder Equity	5.3B	5.1B	5.1B	6.2B	6.4B	9.1B
Property Plant And Equipment Net	2.5B	2.4B	2.3B	2.4B	2.5B	1.9B
Net Debt	864M	797M	1.3B	1.6B	1.2B	1.2B
Retained Earnings	(1.9B)	(2.1B)	(2.1B)	(1.2B)	(628M)	(596.6M)
Accounts Payable	489M	612M	906M	904M	837M	641.2M
Cash	1.7B	1.6B	1.1B	816M	1.2B	1.5B
Non Current Assets Total	4.7B	4.6B	4.6B	5.5B	5.6B	7.7B
Non Currrent Assets Other	207M	258M	164M	334M	406M	426.3M
Cash And Short Term Investments	1.7B	1.6B	1.1B	816M	1.2B	1.5B
Net Receivables	1.9B	1.8B	2.4B	2.6B	2.4B	2.5B
Common Stock Shares Outstanding	384M	386M	394M	397M	396M	346.2M
Liabilities And Stockholders Equity	9.9B	9.6B	10.1B	11.3B	11.4B	14.6B
Non Current Liabilities Total	2.8B	2.6B	2.6B	2.6B	2.6B	2.6B
Inventory	1.4B	1.3B	1.8B	2.2B	1.9B	2.5B
Other Current Assets	224M	198M	187M	229M	212M	346.6M
Other Stockholder Equity	8.6B	8.7B	8.8B	8.8B	8.6B	6.0B
Total Liab	4.7B	4.5B	5.0B	5.1B	4.9B	5.5B
Total Current Assets	5.2B	4.9B	5.5B	5.8B	5.8B	6.8B
Intangible Assets	527M	503M	490M	450M	508M	482.6M
Property Plant And Equipment Gross	2.5B	2.4B	2.3B	5.7B	5.9B	6.2B
Accumulated Other Comprehensive Income	(1.5B)	(1.5B)	(1.6B)	(1.5B)	(1.6B)	(1.5B)
Short Term Debt	220M	203M	187M	201M	139M	129.5M
Other Liab	393M	337M	292M	298M	342.7M	408.4M
Other Assets	773M	258M	349M	822M	819M	860.0M
Long Term Debt	1.8B	1.7B	1.7B	1.7B	1.7B	1.7B
Good Will	1.5B	1.5B	1.5B	1.6B	1.6B	1.5B
Property Plant Equipment	1.9B	2.4B	2.3B	2.4B	2.5B	2.1B
Current Deferred Revenue	354M	392M	444M	532M	478.8M	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)
Long Term Debt Total	1.8B	1.7B	1.7B	1.9B	1.9B	2.3B

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