NOV Net Income vs Stock Based Compensation Analysis

NOV Stock

USD 16.61 0.21 1.28%

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 Net Income and its Stock Based Compensation 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.

Net Income vs Stock Based Compensation

Net Income vs Stock Based Compensation Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of NOV Inc Net Income account and Stock Based Compensation. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between NOV's Net Income and Stock Based Compensation is -0.42. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Stock Based Compensation 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 Net Income and Stock Based Compensation is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Income of NOV Inc are associated (or correlated) with its Stock Based Compensation. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Stock Based Compensation has no effect on the direction of Net Income i.e., NOV's Net Income and Stock Based Compensation go up and down completely randomly.

Correlation Coefficient

-0.42

Relationship Direction	Negative
Relationship Strength	Very Weak

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Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in NOV Inc financial statement analysis. It represents the amount of money remaining after all of NOV Inc operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

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.

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 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	0.46	0.97	0.98	0.95	0.23	-0.11	0.48	0.48
Short Long Term Debt Total	0.54		0.45	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	-0.12	0.67	0.66
Other Current Liab	0.96	0.45		0.98	0.94	0.64	-0.43	0.9	0.67	0.91	0.91	-0.21	0.91	0.95	0.56	0.84	0.96	0.95	0.33	0.97	0.98	0.89	0.18	-0.12	0.35	0.35
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	-0.02	0.43	0.43
Total Stockholder Equity	0.99	0.49	0.94	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	0.43	0.93	0.95	0.97	0.21	-0.11	0.44	0.44
Property Plant And Equipment Net	0.75	0.83	0.64	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	0.83	0.78	0.7	0.66	0.37	0.1	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	-0.11	0.13	0.13
Retained Earnings	0.93	0.42	0.9	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	0.19	0.86	0.87	0.98	-0.03	-0.2	0.22	0.22
Accounts Payable	0.66	0.02	0.67	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	0.55	0.65	0.74	0.55	0.26	0.11	0.49	0.49
Cash	0.89	0.29	0.91	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	0.01	0.43	0.43
Non Current Assets Total	0.98	0.56	0.91	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	0.44	0.92	0.92	0.97	0.22	-0.1	0.47	0.47
Non Currrent Assets Other	-0.21	0.24	-0.21	-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	0.1	0.44	0.45
Cash And Short Term Investments	0.89	0.29	0.91	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	0.01	0.43	0.43
Net Receivables	0.94	0.58	0.95	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	-0.18	0.48	0.47
Common Stock Shares Outstanding	0.65	0.64	0.56	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	0.22	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	0.5	0.93	0.86	0.8	0.29	-0.2	0.57	0.57
Inventory	0.99	0.55	0.96	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	-0.15	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		0.43	0.93	0.96	0.86	0.25	0.09	0.46	0.46
Other Stockholder Equity	0.46	0.57	0.33	0.43	0.43	0.83	-0.01	0.19	0.55	0.48	0.44	0.35	0.48	0.47	0.94	0.5	0.42	0.43		0.49	0.46	0.34	0.4	0.29	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	0.49		0.98	0.87	0.28	-0.11	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	0.46	0.98		0.89	0.24	-0.12	0.46	0.46
Intangible Assets	0.95	0.44	0.89	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	0.34	0.87	0.89		0.01	-0.1	0.34	0.33
Property Plant And Equipment Gross	0.23	0.32	0.18	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		0.11	0.55	0.56
Short Term Debt	-0.11	-0.12	-0.12	-0.02	-0.11	0.1	-0.11	-0.2	0.11	0.01	-0.1	0.1	0.01	-0.18	0.22	-0.2	-0.15	0.09	0.29	-0.11	-0.12	-0.1	0.11		0.27	0.27
Common Stock Total Equity	0.48	0.67	0.35	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	0.27		1.0
Common Stock	0.48	0.66	0.35	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	0.27	1.0

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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	753M	679M	872M	776M	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	8.6B	8.7B	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	220M	203M	187M	201M	123.0M
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

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