Accuray Operating Income vs Income Before Tax Analysis

ARAY Stock  USD 2.03  0.04  1.93%   
Accuray Incorporated financial indicator trend analysis is way more than just evaluating Accuray Incorporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Accuray Incorporated is a good investment. Please check the relationship between Accuray Incorporated Operating Income and its Income Before Tax accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.

Operating Income vs Income Before Tax

Operating Income vs Income Before Tax Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Operating Income account and Income Before Tax. At this time, the significance of the direction appears to have almost identical trend.
The correlation between Accuray Incorporated's Operating Income and Income Before Tax is 0.97. Overlapping area represents the amount of variation of Operating Income that can explain the historical movement of Income Before Tax in the same time period over historical financial statements of Accuray Incorporated, assuming nothing else is changed. The correlation between historical values of Accuray Incorporated's Operating Income and Income Before Tax is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Operating Income of Accuray Incorporated are associated (or correlated) with its Income Before Tax. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Before Tax has no effect on the direction of Operating Income i.e., Accuray Incorporated's Operating Income and Income Before Tax go up and down completely randomly.

Correlation Coefficient

0.97
Relationship DirectionPositive 
Relationship StrengthVery Strong

Operating Income

Operating Income is the amount of profit realized from Accuray Incorporated operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Accuray Incorporated is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Accuray Incorporated income statement and is an important metric when analyzing Accuray Incorporated profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.
Most indicators from Accuray Incorporated's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Accuray Incorporated 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Accuray Incorporated. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
For more information on how to buy Accuray Stock please use our How to Invest in Accuray Incorporated guide.At this time, Accuray Incorporated's Issuance Of Capital Stock is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to rise to 0.15 in 2024, whereas Selling General Administrative is likely to drop slightly above 48.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit160.0M154.0M142.9M119.7M
Total Revenue429.9M447.6M446.6M302.7M

Accuray Incorporated fundamental ratios Correlations

0.60.430.780.190.710.890.90.920.990.640.740.74-0.90.580.88-0.640.30.8-0.740.770.96-0.950.360.530.79
0.6-0.270.75-0.430.720.260.290.240.520.110.350.26-0.710.330.570.110.00.74-0.720.230.56-0.550.26-0.070.09
0.43-0.27-0.080.450.190.510.490.660.470.70.220.4-0.340.380.34-0.710.520.21-0.110.430.36-0.440.410.660.55
0.780.75-0.08-0.010.670.620.640.590.760.270.640.55-0.70.390.77-0.340.080.69-0.70.490.75-0.750.030.190.54
0.19-0.430.45-0.01-0.40.50.450.440.210.00.510.370.050.28-0.06-0.650.550.090.410.50.16-0.17-0.370.380.64
0.710.720.190.67-0.40.350.390.520.70.490.250.39-0.760.240.81-0.09-0.170.58-0.780.180.65-0.640.740.270.19
0.890.260.510.620.50.351.00.950.90.580.810.8-0.720.560.72-0.870.460.62-0.550.870.91-0.90.060.540.96
0.90.290.490.640.450.391.00.950.910.590.820.82-0.740.510.77-0.870.420.6-0.60.880.93-0.920.080.520.95
0.920.240.660.590.440.520.950.950.950.730.720.77-0.750.550.79-0.830.360.61-0.550.820.9-0.890.310.680.91
0.990.520.470.760.210.70.90.910.950.680.740.77-0.880.480.92-0.690.260.7-0.740.790.97-0.960.370.540.81
0.640.110.70.270.00.490.580.590.730.680.290.43-0.550.380.65-0.550.160.37-0.520.510.58-0.60.50.650.58
0.740.350.220.640.510.250.810.820.720.740.290.68-0.620.30.63-0.690.380.52-0.370.810.74-0.75-0.120.320.78
0.740.260.40.550.370.390.80.820.770.770.430.68-0.710.270.73-0.720.310.4-0.560.680.8-0.820.080.070.74
-0.9-0.71-0.34-0.70.05-0.76-0.72-0.74-0.75-0.88-0.55-0.62-0.71-0.42-0.860.47-0.23-0.740.83-0.6-0.90.91-0.44-0.26-0.58
0.580.330.380.390.280.240.560.510.550.480.380.30.27-0.420.21-0.390.530.84-0.240.380.47-0.470.070.530.55
0.880.570.340.77-0.060.810.720.770.790.920.650.630.73-0.860.21-0.540.020.53-0.850.610.89-0.90.440.330.61
-0.640.11-0.71-0.34-0.65-0.09-0.87-0.87-0.83-0.69-0.55-0.69-0.720.47-0.39-0.54-0.64-0.310.32-0.79-0.670.730.1-0.52-0.91
0.30.00.520.080.55-0.170.460.420.360.260.160.380.31-0.230.530.02-0.640.38-0.030.490.24-0.39-0.310.260.52
0.80.740.210.690.090.580.620.60.610.70.370.520.4-0.740.840.53-0.310.38-0.530.480.69-0.690.250.410.53
-0.74-0.72-0.11-0.70.41-0.78-0.55-0.6-0.55-0.74-0.52-0.37-0.560.83-0.24-0.850.32-0.03-0.53-0.42-0.80.82-0.38-0.09-0.37
0.770.230.430.490.50.180.870.880.820.790.510.810.68-0.60.380.61-0.790.490.48-0.420.77-0.78-0.050.480.85
0.960.560.360.750.160.650.910.930.90.970.580.740.8-0.90.470.89-0.670.240.69-0.80.77-0.970.30.40.79
-0.95-0.55-0.44-0.75-0.17-0.64-0.9-0.92-0.89-0.96-0.6-0.75-0.820.91-0.47-0.90.73-0.39-0.690.82-0.78-0.97-0.26-0.38-0.79
0.360.260.410.03-0.370.740.060.080.310.370.5-0.120.08-0.440.070.440.1-0.310.25-0.38-0.050.3-0.260.37-0.07
0.53-0.070.660.190.380.270.540.520.680.540.650.320.07-0.260.530.33-0.520.260.41-0.090.480.4-0.380.370.59
0.790.090.550.540.640.190.960.950.910.810.580.780.74-0.580.550.61-0.910.520.53-0.370.850.79-0.79-0.070.59
Click cells to compare fundamentals

Accuray Incorporated Account Relationship Matchups

Accuray Incorporated fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets490.1M480.1M472.8M479.2M468.6M394.4M
Total Stockholder Equity62.8M68.8M53.2M53.7M45.1M79.1M
Net Debt114.1M83.0M125.0M115.6M142.2M149.3M
Cash107.6M116.4M88.7M89.4M68.6M84.2M
Other Assets17.1M18.1M20.5M21.4M19.2M14.0M
Cash And Short Term Investments107.6M116.4M88.7M89.4M68.6M112.5M
Common Stock Shares Outstanding90.6M92.0M92.1M94.9M98.3M68.6M
Liabilities And Stockholders Equity490.1M480.1M472.8M479.2M468.6M394.4M
Other Stockholder Equity545.7M554.7M543.2M555.3M566.9M401.1M
Total Liab427.3M411.3M419.7M425.6M423.5M314.4M
Total Current Assets356.6M352.8M350.9M338.0M323.2M285.1M
Short Long Term Debt Total221.7M199.4M213.7M205.0M210.7M191.1M
Other Current Liab45.1M71.1M68.2M66.3M47.0M46.4M
Total Current Liabilities182.3M192.4M208.9M198.6M195.3M179.9M
Other Liab31.5M31.5M14.2M31.8M28.6M27.4M
Property Plant And Equipment Net44.0M34.9M29.5M46.8M58.5M32.7M
Current Deferred Revenue105.8M106.6M100.7M93.0M71.6M96.0M
Retained Earnings(482.4M)(488.0M)(492.5M)(502.1M)(517.7M)(491.8M)
Accounts Payable23.1M19.5M31.3M33.7M50.0M52.5M
Non Current Assets Total133.4M127.3M122.0M141.2M145.4M118.3M
Non Currrent Assets Other17.1M18.1M20.5M21.4M18.6M15.4M
Net Receivables89.6M85.4M94.4M74.8M92.0M66.8M
Good Will57.7M58.0M57.8M57.7M57.7M46.0M
Common Stock Total Equity86K89K91K94K84.6K80.4K
Non Current Liabilities Total245.0M218.9M210.8M226.9M228.3M160.4M
Inventory134.5M125.9M142.3M145.2M138.3M93.8M
Other Current Assets24.9M25.1M25.5M28.7M24.3M28.1M
Property Plant And Equipment Gross44.0M34.9M29.5M46.8M132.2M138.8M
Accumulated Other Comprehensive Income(662K)2.1M2.4M422K(4.2M)(4.0M)
Intangible Assets663K435K250K210K59K56.1K
Property Plant Equipment44.0M34.9M29.5M39.3M45.2M30.6M
Net Tangible Assets5.3M10.4M(4.9M)(11.7M)(10.6M)(10.0M)
Long Term Debt189.3M170.0M171.9M171.6M164.4M174.0M
Retained Earnings Total Equity(485.5M)(481.7M)(488.0M)(492.5M)(443.3M)(465.4M)
Long Term Debt Total159.8M189.3M170.0M171.9M197.7M172.1M
Capital Surpluse535.3M545.7M554.7M543.2M624.7M543.6M
Deferred Long Term Liab1.1M900K9.8M9.2M8.3M8.2M

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