NOV Change Receivables from 2010 to 2024

NOV Stock  USD 14.98  0.11  0.73%   
NOV Change Receivables yearly trend continues to be fairly stable with very little volatility. Change Receivables is likely to outpace its year average in 2024. Change Receivables is the difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease. View All Fundamentals
 
Change Receivables  
First Reported
2010-03-31
Previous Quarter
-39 M
Current Value
-122 M
Quarterly Volatility
274.5 M
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check NOV financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among NOV's main balance sheet or income statement drivers, such as Depreciation And Amortization of 369.1 M, Interest Expense of 46.8 M or Total Revenue of 8.8 B, as well as many indicators such as Price To Sales Ratio of 1.49, Dividend Yield of 0.015 or PTB Ratio of 2.1. NOV financial statements analysis is a perfect complement when working with NOV Valuation or Volatility modules.
  
Check out the analysis of NOV Correlation against competitors.

Latest NOV's Change Receivables Growth Pattern

Below is the plot of the Change Receivables of NOV Inc over the last few years. It is the difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease. NOV's Change Receivables historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in NOV's overall financial position and show how it may be relating to other accounts over time.
Change Receivables10 Years Trend
Very volatile
   Change Receivables   
       Timeline  

NOV Change Receivables Regression Statistics

Arithmetic Mean49,086,667
Coefficient Of Variation1,654
Mean Deviation644,997,333
Median(72,000,000)
Standard Deviation811,691,047
Sample Variance658842.4T
Range2.8B
R-Value(0.09)
Mean Square Error703472.2T
R-Squared0.01
Significance0.74
Slope(16,760,357)
Total Sum of Squares9223793T

NOV Change Receivables History

2024-480.7 M
2023-506 M
2022-440 M
2021-52 M
2020574 M
2019275 M
2018-72 M

About NOV Financial Statements

NOV investors use historical fundamental indicators, such as NOV's Change Receivables, to determine how well the company is positioned to perform in the future. Understanding over-time patterns can help investors decide on long-term investments in NOV. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Change Receivables-506 M-480.7 M

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
Explore Investing Ideas  

Additional 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.