NOV Stock Based Compensation vs Change To Operating Activities Analysis

NOV Stock  USD 14.98  0.11  0.73%   
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 Stock Based Compensation and its Change To Operating Activities 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 persons.

Stock Based Compensation vs Change To Operating Activities

Stock Based Compensation vs Change To Operating Activities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Stock Based Compensation account and Change To Operating Activities. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between NOV's Stock Based Compensation and Change To Operating Activities is -0.29. Overlapping area represents the amount of variation of Stock Based Compensation that can explain the historical movement of Change To Operating Activities 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 Stock Based Compensation and Change To Operating Activities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Stock Based Compensation of NOV Inc are associated (or correlated) with its Change To Operating Activities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Operating Activities has no effect on the direction of Stock Based Compensation i.e., NOV's Stock Based Compensation and Change To Operating Activities go up and down completely randomly.

Correlation Coefficient

-0.29
Relationship DirectionNegative 
Relationship StrengthInsignificant

Stock Based Compensation

Compensation provided to employees in the form of equity or options to purchase company stock. This type of compensation is used to align the interests of employees and shareholders.

Change To Operating Activities

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 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 15.04 in 2024, whereas Discontinued Operations is likely to drop slightly above 41.6 M in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses908M1.1B1.2B1.1B
Cost Of Revenue4.8B5.9B6.8B6.8B

NOV fundamental ratios Correlations

0.540.960.940.990.75-0.360.930.660.890.98-0.210.890.940.650.890.990.940.460.970.980.950.23-0.110.480.48
0.540.450.390.490.830.490.420.020.290.560.240.290.580.640.850.550.390.570.630.490.440.32-0.120.670.66
0.960.450.980.940.64-0.430.90.670.910.91-0.210.910.950.560.840.960.950.330.970.980.890.18-0.120.350.35
0.940.390.980.90.64-0.510.820.790.940.86-0.130.940.960.640.770.930.960.430.950.980.830.24-0.020.430.43
0.990.490.940.90.73-0.390.940.650.870.99-0.260.870.90.610.850.970.920.430.930.950.970.21-0.110.440.44
0.750.830.640.640.730.080.590.440.60.770.190.60.720.890.850.720.660.830.780.70.660.370.10.860.85
-0.360.49-0.43-0.51-0.390.08-0.39-0.7-0.65-0.280.49-0.65-0.3-0.080.05-0.33-0.5-0.01-0.28-0.43-0.420.33-0.110.130.13
0.930.420.90.820.940.59-0.390.490.770.94-0.480.770.820.380.80.910.840.190.860.870.98-0.03-0.20.220.22
0.660.020.670.790.650.44-0.70.490.820.57-0.020.820.680.660.380.660.760.550.650.740.550.260.110.490.49
0.890.290.910.940.870.6-0.650.770.820.81-0.191.00.860.650.690.870.940.480.880.940.810.120.010.430.43
0.980.560.910.860.990.77-0.280.940.570.81-0.250.810.870.620.880.950.880.440.920.920.970.22-0.10.470.47
-0.210.24-0.21-0.13-0.260.190.49-0.48-0.02-0.19-0.25-0.19-0.060.33-0.02-0.18-0.150.35-0.09-0.15-0.460.730.10.440.45
0.890.290.910.940.870.6-0.650.770.821.00.81-0.190.860.650.690.870.940.480.880.940.810.120.010.430.43
0.940.580.950.960.90.72-0.30.820.680.860.87-0.060.860.650.880.950.890.470.980.970.820.29-0.180.480.47
0.650.640.560.640.610.89-0.080.380.660.650.620.330.650.650.670.630.650.940.690.660.50.50.220.960.96
0.890.850.840.770.850.850.050.80.380.690.88-0.020.690.880.670.890.780.50.930.860.80.29-0.20.570.57
0.990.550.960.930.970.72-0.330.910.660.870.95-0.180.870.950.630.890.940.420.970.980.930.26-0.150.460.46
0.940.390.950.960.920.66-0.50.840.760.940.88-0.150.940.890.650.780.940.430.930.960.860.250.090.460.46
0.460.570.330.430.430.83-0.010.190.550.480.440.350.480.470.940.50.420.430.490.460.340.40.290.950.95
0.970.630.970.950.930.78-0.280.860.650.880.92-0.090.880.980.690.930.970.930.490.980.870.28-0.110.520.52
0.980.490.980.980.950.7-0.430.870.740.940.92-0.150.940.970.660.860.980.960.460.980.890.24-0.120.460.46
0.950.440.890.830.970.66-0.420.980.550.810.97-0.460.810.820.50.80.930.860.340.870.890.01-0.10.340.33
0.230.320.180.240.210.370.33-0.030.260.120.220.730.120.290.50.290.260.250.40.280.240.010.110.550.56
-0.11-0.12-0.12-0.02-0.110.1-0.11-0.20.110.01-0.10.10.01-0.180.22-0.2-0.150.090.29-0.11-0.12-0.10.110.270.27
0.480.670.350.430.440.860.130.220.490.430.470.440.430.480.960.570.460.460.950.520.460.340.550.271.0
0.480.660.350.430.440.850.130.220.490.430.470.450.430.470.960.570.460.460.950.520.460.330.560.271.0
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NOV Account Relationship Matchups

NOV fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets13.1B9.9B9.6B10.1B11.3B14.7B
Short Long Term Debt Total2.8B2.6B2.4B2.4B2.4B1.7B
Other Current Liab991M753M679M872M776M1.4B
Total Current Liabilities2.2B1.9B1.9B2.4B2.4B2.9B
Total Stockholder Equity7.8B5.3B5.1B5.1B6.2B9.2B
Property Plant And Equipment Net3.0B2.5B2.4B2.3B2.4B1.8B
Net Debt1.6B864M797M1.3B1.6B1.6B
Retained Earnings690M(1.9B)(2.1B)(2.1B)(1.2B)(1.1B)
Accounts Payable715M489M612M906M904M730.4M
Cash1.2B1.7B1.6B1.1B816M1.5B
Non Current Assets Total7.0B4.7B4.6B4.6B5.5B7.8B
Non Currrent Assets Other349M207M258M164M334M350.7M
Cash And Short Term Investments1.2B1.7B1.6B1.1B816M1.5B
Net Receivables2.5B1.9B1.8B2.4B2.6B2.5B
Common Stock Shares Outstanding382M384M386M394M397M343.0M
Liabilities And Stockholders Equity13.1B9.9B9.6B10.1B11.3B14.7B
Non Current Liabilities Total3.1B2.8B2.6B2.6B2.6B2.6B
Inventory2.2B1.4B1.3B1.8B2.2B2.5B
Other Current Assets247M224M198M187M229M300.6M
Other Stockholder Equity8.6B8.6B8.7B8.8B8.8B5.8B
Total Liab5.3B4.7B4.5B5.0B5.1B5.5B
Total Current Assets6.1B5.2B4.9B5.5B5.8B6.9B
Intangible Assets852M527M503M490M450M427.5M
Property Plant And Equipment Gross3.0B2.5B2.4B2.3B5.7B6.0B
Accumulated Other Comprehensive Income(1.4B)(1.5B)(1.5B)(1.6B)(1.5B)(1.4B)
Short Term Debt114M220M203M187M201M123.0M
Other Liab393M337M292M298M342.7M408.4M
Other Assets67M773M258M349M401.4M267.6M
Long Term Debt2.0B1.8B1.7B1.7B1.7B1.7B
Good Will3.7B1.5B1.5B1.5B1.6B1.5B
Property Plant Equipment2.4B1.9B2.4B2.3B2.6B2.0B
Current Deferred Revenue427M354M392M444M532M681.5M
Net Tangible Assets4.1B3.2B3.0B3.1B2.8B4.3B
Noncontrolling Interest In Consolidated Entity68M69M67M38M34.2M65.9M
Retained Earnings Total Equity690M(1.9B)(2.1B)(2.1B)(1.9B)(1.8B)
Short Term Investments10M4M8M51M58.7M61.6M
Long Term Debt Total2.0B1.8B1.7B1.7B2.0B2.4B

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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.