Devon Retained Earnings vs Total Liab Analysis
DVN Stock | USD 48.23 0.57 1.17% |
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 Retained Earnings and its Total Liab 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.
Retained Earnings vs Total Liab
Retained Earnings vs Total Liab Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devon Energy Retained Earnings account and Total Liab. At this time, the significance of the direction appears to have strong relationship.
The correlation between Devon Energy's Retained Earnings and Total Liab is 0.73. Overlapping area represents the amount of variation of Retained Earnings that can explain the historical movement of Total Liab 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 Retained Earnings and Total Liab is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Retained Earnings of Devon Energy are associated (or correlated) with its Total Liab. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Liab has no effect on the direction of Retained Earnings i.e., Devon Energy's Retained Earnings and Total Liab go up and down completely randomly.
Correlation Coefficient | 0.73 |
Relationship Direction | Positive |
Relationship Strength | Significant |
Retained Earnings
The cumulative amount of net income that a company retains for reinvestment in its operations, rather than distributing it to shareholders as dividends.Total Liab
The total amount of all liabilities that a company has, including both short-term and long-term liabilities.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 24th 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 |
Devon Energy fundamental ratios Correlations
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Devon Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
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 |
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Try AI Portfolio ArchitectCheck 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 Global Correlations module to find global opportunities by holding instruments from different markets.
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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 2.42 | Earnings Share 5.25 | Revenue Per Share 22.691 | Quarterly Revenue Growth (0.01) |
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.