Accuray Other Non Cash Items vs Net Income 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 Other Non Cash Items and its Net Income 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.

Other Non Cash Items vs Net Income

Other Non Cash Items vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Other Non Cash Items account and Net Income. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Accuray Incorporated's Other Non Cash Items and Net Income is -0.5. Overlapping area represents the amount of variation of Other Non Cash Items that can explain the historical movement of Net Income 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 Other Non Cash Items and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Non Cash Items of Accuray Incorporated are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Other Non Cash Items i.e., Accuray Incorporated's Other Non Cash Items and Net Income go up and down completely randomly.

Correlation Coefficient

-0.5
Relationship DirectionNegative 
Relationship StrengthVery Weak

Other Non Cash Items

Net Income

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