Devon Free Cash Flow vs Capital Expenditures Analysis

DVN Stock

USD 34.73 0.78 2.20%

Devon Energy financial indicator trend analysis is much more than just examining Devon Energy latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Devon Energy is a good investment. Please check the relationship between Devon Energy Free Cash Flow and its Capital Expenditures accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Devon Energy Free Cash Flow account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.

The correlation between Devon Energy's Free Cash Flow and Capital Expenditures is -0.72. Overlapping area represents the amount of variation of Free Cash Flow that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Devon Energy, assuming nothing else is changed. The correlation between historical values of Devon Energy's Free Cash Flow and Capital Expenditures is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Free Cash Flow of Devon Energy are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Free Cash Flow i.e., Devon Energy's Free Cash Flow and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.72

Relationship Direction	Negative
Relationship Strength	Weak

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Capital Expenditures

Capital Expenditures are funds used by Devon Energy to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Devon Energy operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.

Most indicators from Devon Energy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Devon Energy 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.At this time, Devon Energy's Selling General Administrative is very stable compared to the past year. As of the 11th of December 2024, Tax Provision is likely to grow to about 967 M, though Discontinued Operations is likely to grow to (109.4 M).

	2021	2022	2023	2024 (projected)
Gross Profit	3.7B	8.4B	5.2B	3.9B
Total Revenue	12.2B	19.2B	15.1B	15.9B

Gross Profit Total Revenue

Devon Energy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	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 Stockholder Equity	Total Liab	Total Current Assets	Other Current Liab	Accounts Payable	Other Current Assets	Common Stock Total Equity	Property Plant And Equipment Gross	Intangible Assets	Common Stock	Other Liab
Total Assets		0.65	0.95	0.92	0.98	0.72	0.82	0.65	0.99	0.49	0.66	0.77	0.29	0.95	0.26	0.26	0.98	0.87	-0.13	0.96	0.59	0.22	0.48	0.58	0.25	0.43
Short Long Term Debt Total	0.65		0.53	0.39	0.6	0.81	0.21	0.42	0.67	0.72	0.39	0.53	0.32	0.8	0.01	0.51	0.74	0.49	0.09	0.55	0.22	0.26	0.18	0.3	0.31	0.49
Total Current Liabilities	0.95	0.53		0.96	0.91	0.52	0.9	0.8	0.92	0.33	0.8	0.66	0.23	0.85	0.15	0.14	0.92	0.95	-0.2	0.95	0.61	0.15	0.41	0.76	0.18	0.28
Total Stockholder Equity	0.92	0.39	0.96		0.91	0.43	0.95	0.7	0.9	0.21	0.73	0.66	0.24	0.78	0.23	0.09	0.86	0.91	-0.15	0.95	0.67	0.19	0.52	0.71	0.19	0.26
Property Plant And Equipment Net	0.98	0.6	0.91	0.91		0.73	0.79	0.55	0.99	0.42	0.54	0.85	0.36	0.93	0.32	0.33	0.96	0.8	-0.05	0.93	0.57	0.32	0.54	0.47	0.33	0.47
Net Debt	0.72	0.81	0.52	0.43	0.73		0.25	0.2	0.76	0.65	0.17	0.72	0.38	0.88	0.24	0.54	0.8	0.4	0.06	0.61	0.25	0.35	0.36	0.03	0.38	0.57
Retained Earnings	0.82	0.21	0.9	0.95	0.79	0.25		0.65	0.79	0.12	0.7	0.46	-0.02	0.63	0.3	-0.21	0.73	0.85	-0.35	0.87	0.58	-0.06	0.45	0.71	-0.07	0.02
Cash	0.65	0.42	0.8	0.7	0.55	0.2	0.65		0.58	0.24	0.97	0.22	0.1	0.58	-0.29	0.01	0.66	0.89	-0.31	0.68	0.55	-0.02	0.06	0.92	0.02	0.24
Non Current Assets Total	0.99	0.67	0.92	0.9	0.99	0.76	0.79	0.58		0.5	0.58	0.8	0.29	0.96	0.29	0.29	0.98	0.82	-0.11	0.94	0.55	0.24	0.52	0.5	0.26	0.45
Non Currrent Assets Other	0.49	0.72	0.33	0.21	0.42	0.65	0.12	0.24	0.5		0.24	0.28	-0.07	0.6	0.14	0.18	0.54	0.32	-0.19	0.36	0.13	-0.1	0.16	0.09	-0.09	0.45
Cash And Short Term Investments	0.66	0.39	0.8	0.73	0.54	0.17	0.7	0.97	0.58	0.24		0.17	0.04	0.56	-0.28	-0.05	0.65	0.91	-0.35	0.72	0.6	-0.06	0.09	0.96	-0.02	0.19
Net Receivables	0.77	0.53	0.66	0.66	0.85	0.72	0.46	0.22	0.8	0.28	0.17		0.67	0.77	0.41	0.65	0.76	0.51	0.37	0.67	0.36	0.63	0.46	0.1	0.65	0.47
Common Stock Shares Outstanding	0.29	0.32	0.23	0.24	0.36	0.38	-0.02	0.1	0.29	-0.07	0.04	0.67		0.34	-0.02	0.88	0.32	0.22	0.76	0.24	0.37	0.96	0.24	0.02	0.98	0.53
Non Current Liabilities Total	0.95	0.8	0.85	0.78	0.93	0.88	0.63	0.58	0.96	0.6	0.56	0.77	0.34		0.22	0.39	0.99	0.77	-0.07	0.88	0.5	0.27	0.42	0.44	0.31	0.52
Inventory	0.26	0.01	0.15	0.23	0.32	0.24	0.3	-0.29	0.29	0.14	-0.28	0.41	-0.02	0.22		-0.14	0.21	0.08	0.12	0.18	0.01	-0.06	0.13	-0.29	-0.07	-0.19
Other Stockholder Equity	0.26	0.51	0.14	0.09	0.33	0.54	-0.21	0.01	0.29	0.18	-0.05	0.65	0.88	0.39	-0.14		0.32	0.09	0.73	0.18	0.18	0.87	0.22	-0.12	0.91	0.66
Total Liab	0.98	0.74	0.92	0.86	0.96	0.8	0.73	0.66	0.98	0.54	0.65	0.76	0.32	0.99	0.21	0.32		0.85	-0.11	0.93	0.55	0.24	0.43	0.55	0.28	0.47
Total Current Assets	0.87	0.49	0.95	0.91	0.8	0.4	0.85	0.89	0.82	0.32	0.91	0.51	0.22	0.77	0.08	0.09	0.85		-0.2	0.9	0.71	0.1	0.24	0.85	0.14	0.28
Other Current Liab	-0.13	0.09	-0.2	-0.15	-0.05	0.06	-0.35	-0.31	-0.11	-0.19	-0.35	0.37	0.76	-0.07	0.12	0.73	-0.11	-0.2		-0.18	-0.02	0.77	0.18	-0.33	0.81	0.15
Accounts Payable	0.96	0.55	0.95	0.95	0.93	0.61	0.87	0.68	0.94	0.36	0.72	0.67	0.24	0.88	0.18	0.18	0.93	0.9	-0.18		0.69	0.19	0.53	0.66	0.21	0.39
Other Current Assets	0.59	0.22	0.61	0.67	0.57	0.25	0.58	0.55	0.55	0.13	0.6	0.36	0.37	0.5	0.01	0.18	0.55	0.71	-0.02	0.69		0.25	0.25	0.51	0.27	0.46
Common Stock Total Equity	0.22	0.26	0.15	0.19	0.32	0.35	-0.06	-0.02	0.24	-0.1	-0.06	0.63	0.96	0.27	-0.06	0.87	0.24	0.1	0.77	0.19	0.25		0.41	-0.05	0.99	0.5
Property Plant And Equipment Gross	0.48	0.18	0.41	0.52	0.54	0.36	0.45	0.06	0.52	0.16	0.09	0.46	0.24	0.42	0.13	0.22	0.43	0.24	0.18	0.53	0.25	0.41		0.14	0.36	0.31
Intangible Assets	0.58	0.3	0.76	0.71	0.47	0.03	0.71	0.92	0.5	0.09	0.96	0.1	0.02	0.44	-0.29	-0.12	0.55	0.85	-0.33	0.66	0.51	-0.05	0.14		-0.04	0.1
Common Stock	0.25	0.31	0.18	0.19	0.33	0.38	-0.07	0.02	0.26	-0.09	-0.02	0.65	0.98	0.31	-0.07	0.91	0.28	0.14	0.81	0.21	0.27	0.99	0.36	-0.04		0.51
Other Liab	0.43	0.49	0.28	0.26	0.47	0.57	0.02	0.24	0.45	0.45	0.19	0.47	0.53	0.52	-0.19	0.66	0.47	0.28	0.15	0.39	0.46	0.5	0.31	0.1	0.51

Click cells to compare fundamentals

Devon Energy Account Relationship Matchups

Devon Energy fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	13.7B	9.9B	21.0B	23.7B	24.5B	20.2B
Short Long Term Debt Total	4.6B	4.6B	6.8B	6.7B	6.5B	6.1B
Total Current Liabilities	1.9B	1.4B	3.1B	3.1B	2.9B	2.4B
Total Stockholder Equity	5.8B	2.9B	9.3B	11.2B	12.1B	9.0B
Property Plant And Equipment Net	8.8B	5.6B	15.2B	18.3B	19.6B	13.6B
Net Debt	3.1B	2.3B	4.5B	5.2B	5.6B	4.2B
Retained Earnings	3.1B	208M	1.7B	4.3B	6.2B	4.4B
Cash	1.5B	2.2B	2.3B	1.5B	875M	1.4B
Non Current Assets Total	9.9B	6.7B	16.8B	19.8B	21.3B	17.2B
Non Currrent Assets Other	277M	283M	91M	(1.2B)	319M	553.0M
Cash And Short Term Investments	1.5B	2.2B	2.3B	1.5B	875M	1.6B
Net Receivables	832M	775M	1.6B	1.8B	1.6B	947.3M
Common Stock Shares Outstanding	401M	377M	665M	653M	642M	339.2M
Liabilities And Stockholders Equity	13.7B	9.9B	21.0B	23.7B	24.5B	20.2B
Non Current Liabilities Total	5.9B	5.5B	8.5B	9.3B	9.3B	8.2B
Inventory	197M	1.3B	114M	201M	249M	184.0M
Other Stockholder Equity	2.7B	2.8B	7.6B	6.9B	5.9B	4.1B
Total Liab	7.8B	6.9B	11.6B	12.4B	12.3B	10.6B
Total Current Assets	3.9B	3.3B	4.2B	3.9B	3.2B	3.0B
Other Current Liab	1.4B	1.5B	1.2B	2.6B	1.7B	1.8B
Accounts Payable	428M	242M	500M	859M	760M	780.1M
Other Current Assets	279M	248M	352M	469M	460M	336.5M
Property Plant And Equipment Gross	8.8B	5.6B	15.0B	18.1B	50.5B	53.0B
Accumulated Other Comprehensive Income	(119M)	(127M)	(132M)	(116M)	(124M)	(117.8M)
Other Liab	1.3B	909M	1.8B	2.9B	3.3B	2.4B
Other Assets	277M	1.5M	378M	307M	353.1M	335.4M
Long Term Debt	4.5B	4.5B	6.7B	6.2B	5.7B	7.5B
Property Plant Equipment	8.6B	5.4B	15.0B	18.1B	20.8B	20.7B
Current Deferred Revenue	(17M)	(9M)	(26M)	1.5B	(47M)	(44.7M)
Short Term Debt	17M	9M	26M	272M	483M	458.9M
Net Tangible Assets	5.0B	2.1B	8.5B	10.4B	9.4B	7.3B
Retained Earnings Total Equity	3.1B	208M	1.7B	4.3B	3.9B	5.6B
Long Term Debt Total	4.5B	4.5B	6.7B	6.4B	5.8B	5.9B

Pair Trading with Devon Energy

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

Moving together with Devon Stock

0.66

SandRidge Energy

Pair Corr

Moving against Devon Stock

0.69	EP	Empire Petroleum Corp	Pair Corr
0.66	DEC	Diversified Energy	Pair Corr
0.6	VIST	Vista Oil Gas	Pair Corr
0.59	CRK	Comstock Resources	Pair Corr
0.59	EQT	EQT Corporation	Pair Corr

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

The correlation of Devon Energy 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 Devon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Devon Energy 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 Devon Energy 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 Devon Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Devon Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Devon Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Devon Energy Stock:

How To Invest In Devon

Details

Is Devon Stock a good investment?

Details

What is Devon Energy's Net Worth?

Details

Largest Oil & Gas E&P Companies

View

Largest Energy Companies

View

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Devon Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

To learn how to invest in Devon Stock, please use our How to Invest in Devon Energy guide.

You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.

Is Oil & Gas Exploration & Production space 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 Devon Energy. If investors know Devon 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 Devon Energy 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

(0.09)

Dividend Share

Earnings Share

5.4

Revenue Per Share

23.117

Quarterly Revenue Growth

(0.10)

The market value of Devon Energy is measured differently than its book value, which is the value of Devon that is recorded on the company's balance sheet. Investors also form their own opinion of Devon Energy's value that differs from its market value or its book value, called intrinsic value, which is Devon Energy'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 Devon Energy's market value can be influenced by many factors that don't directly affect Devon Energy'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 Devon Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Devon Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Devon Energy'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

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Devon Free Cash Flow vs Capital Expenditures Analysis

Free Cash Flow vs Capital Expenditures

Free Cash Flow vs Capital Expenditures Correlation Analysis

Correlation Coefficient

Free Cash Flow

Capital Expenditures

Devon Energy fundamental ratios Correlations

Devon Energy Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Devon Energy fundamental ratios Accounts

Pair Trading with Devon Energy

Moving together with Devon Stock

Moving against Devon Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 0.99	Total Assets
Non Current Assets Total	+ 0.99	Property Plant And Equipment Net
Total Liab	+ 0.99	Non Current Liabilities Total
Common Stock	+ 0.99	Common Stock Total Equity
Property Plant And Equipment Net	+ 0.98	Total Assets
Total Liab	+ 0.98	Total Assets

Other Current Liab	- 0.35	Cash And Short Term Investments
Other Current Liab	- 0.35	Retained Earnings
Intangible Assets	- 0.33	Other Current Liab
Other Current Liab	- 0.31	Cash
Intangible Assets	- 0.29	Inventory
Inventory	- 0.29	Cash