NOV Non Recurring vs Depreciation And Amortization Analysis

NOV Stock

USD 19.11 0.13 0.68%

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 Non Recurring and its Depreciation And Amortization 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.

Non Recurring vs Depreciation And Amortization

Non Recurring vs Depreciation And Amortization Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Non Recurring account and Depreciation And Amortization. At this time, the significance of the direction appears to have very week relationship.

The correlation between NOV's Non Recurring and Depreciation And Amortization is 0.28. Overlapping area represents the amount of variation of Non Recurring that can explain the historical movement of Depreciation And Amortization 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 Non Recurring and Depreciation And Amortization is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Recurring of NOV Inc are associated (or correlated) with its Depreciation And Amortization. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Depreciation And Amortization has no effect on the direction of Non Recurring i.e., NOV's Non Recurring and Depreciation And Amortization go up and down completely randomly.

Correlation Coefficient

0.28

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Non Recurring

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

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	0.45	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	0.57	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	0.35	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	0.43	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	0.42	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	0.82	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	-0.01	-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	0.18	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	0.54	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	0.48	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	0.43	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	0.48	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	0.47	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	0.94	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	0.49	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	0.42	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		0.42	0.93	0.96	0.86	0.25	0.23	0.46	0.46
Other Stockholder Equity	0.45	0.57	0.35	0.43	0.42	0.82	-0.01	0.18	0.54	0.48	0.43	0.35	0.48	0.47	0.94	0.49	0.42	0.42		0.48	0.45	0.33	0.4	0.22	0.95	0.95
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	0.48		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	0.45	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	0.33	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	0.4	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	0.22	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	0.95	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	0.95	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	5.8B
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

Pair Trading with NOV

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 NOV 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 NOV will appreciate offsetting losses from the drop in the long position's value.

Moving together with NOV Stock

0.83

Newpark Resources

Pair Corr

The ability to find closely correlated positions to NOV could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NOV 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 NOV - 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 NOV Inc to buy it.

The correlation of NOV 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 NOV moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if NOV Inc 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 NOV 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 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.

Complementary Tools for NOV Stock analysis

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

2.48

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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NOV Non Recurring vs Depreciation And Amortization Analysis

Non Recurring vs Depreciation And Amortization

Non Recurring vs Depreciation And Amortization Correlation Analysis

Correlation Coefficient

Non Recurring

Depreciation And Amortization

NOV fundamental ratios Correlations

NOV Account Relationship Matchups

High Positive Relationship

High Negative Relationship

NOV fundamental ratios Accounts

Pair Trading with NOV

Moving together with NOV Stock

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