NOV Fixed Asset Turnover from 2010 to 2024

NOV Stock  USD 16.40  0.14  0.86%   
NOV Fixed Asset Turnover yearly trend continues to be fairly stable with very little volatility. Fixed Asset Turnover will likely drop to 3.38 in 2024. During the period from 2010 to 2024, NOV Fixed Asset Turnover regression line of quarterly data had mean square error of  48.42 and geometric mean of  4.28. View All Fundamentals
 
Fixed Asset Turnover  
First Reported
2010-12-31
Previous Quarter
3.55832296
Current Value
3.38
Quarterly Volatility
8.098291
 
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 Fixed Asset Turnover Growth Pattern

Below is the plot of the Fixed Asset Turnover of NOV Inc over the last few years. It is NOV's Fixed Asset Turnover 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.
Fixed Asset Turnover10 Years Trend
Slightly volatile
   Fixed Asset Turnover   
       Timeline  

NOV Fixed Asset Turnover Regression Statistics

Arithmetic Mean6.05
Geometric Mean4.28
Coefficient Of Variation133.94
Mean Deviation4.05
Median3.38
Standard Deviation8.10
Sample Variance65.58
Range32.3826
R-Value(0.56)
Mean Square Error48.42
R-Squared0.31
Significance0.03
Slope(1.02)
Total Sum of Squares918.15

NOV Fixed Asset Turnover History

2024 3.38
2023 3.56
2022 3.15
2021 2.34
2020 2.44
2019 2.8
2018 3.02

About NOV Financial Statements

NOV investors use historical fundamental indicators, such as NOV's Fixed Asset Turnover, 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
Fixed Asset Turnover 3.56  3.38 

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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.