Accuray Historical Income Statement
| ARAY Stock | USD 2.19 0.01 0.46% |
Historical analysis of Accuray Incorporated income statement accounts such as Interest Expense of 8.4 M, Total Revenue of 294.1 M or Gross Profit of 118 M can show how well Accuray Incorporated performed in making a profits. Evaluating Accuray Incorporated income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Accuray Incorporated's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Accuray Incorporated latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Accuray Incorporated is a good buy for the upcoming year.
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About Accuray Income Statement Analysis
Accuray Incorporated Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Accuray Incorporated shareholders. The income statement also shows Accuray investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Accuray Incorporated Income Statement Chart
Accuray Incorporated Income Statement is one of the three primary financial statements used for reporting Accuray's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Accuray Incorporated revenue and expense. Accuray Incorporated Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Accuray Incorporated's Operating Income is fairly stable compared to the past year. EBIT is likely to rise to about 2.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 3.9 M in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Accuray Incorporated generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Accuray Incorporated minus its cost of goods sold. It is profit before Accuray Incorporated operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Accuray Incorporated. It is also known as Accuray Incorporated overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Accuray Incorporated's income statement are interrelated and interconnected. However, analyzing income statement accounts 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 income statement accounts, 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 tightly coupled 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 Operating Income is fairly stable compared to the past year. EBIT is likely to rise to about 2.9 M in 2024, whereas Depreciation And Amortization is likely to drop slightly above 3.9 M in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 160.0M | 154.0M | 177.1M | 118.0M | Total Revenue | 429.9M | 447.6M | 514.7M | 294.1M |
Accuray Incorporated income statement Correlations
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Accuray Incorporated Account Relationship Matchups
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Accuray Incorporated income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 7.5M | 6.4M | 5.5M | 4.5M | 4.1M | 3.9M | |
| Interest Expense | 18.1M | 16.9M | 8.1M | 10.6M | 12.2M | 8.4M | |
| Total Revenue | 382.9M | 396.3M | 429.9M | 447.6M | 514.7M | 294.1M | |
| Gross Profit | 149.9M | 159.5M | 160.0M | 154.0M | 177.1M | 118.0M | |
| Other Operating Expenses | 371.1M | 374.1M | 421.8M | 445.2M | 512.0M | 321.3M | |
| Operating Income | 4.3M | 15.8M | 2.6M | 2.4M | 2.7M | 2.9M | |
| Ebit | 4.3M | 15.8M | 2.6M | 2.4M | 2.7M | 2.9M | |
| Ebitda | 11.9M | 22.2M | 8.1M | 6.9M | 7.9M | 8.3M | |
| Total Operating Expenses | 138.0M | 137.3M | 151.8M | 151.6M | 174.3M | 134.2M | |
| Income Before Tax | 5.0M | (4.6M) | (2.0M) | (6.8M) | (7.8M) | (8.2M) | |
| Total Other Income Expense Net | 692K | (20.4M) | (4.6M) | (9.2M) | (8.3M) | (8.7M) | |
| Income Tax Expense | 1.9M | 1.8M | 3.3M | 2.5M | 2.9M | 1.9M | |
| Selling And Marketing Expenses | 47.3M | 42.8M | 49.7M | 46.2M | 53.1M | 52.2M | |
| Research Development | 49.8M | 52.7M | 57.8M | 57.1M | 65.7M | 49.8M | |
| Cost Of Revenue | 233.1M | 236.8M | 270.0M | 293.6M | 337.7M | 193.7M | |
| Net Income | 3.8M | (6.3M) | (5.3M) | (9.3M) | (10.7M) | (11.2M) | |
| Selling General Administrative | 41.0M | 41.7M | 44.4M | 48.3M | 55.5M | 47.8M | |
| Net Income Applicable To Common Shares | 3.8M | (6.3M) | (5.3M) | (9.3M) | (10.7M) | (11.2M) | |
| Net Income From Continuing Ops | 3.8M | (6.3M) | (5.3M) | (9.3M) | (10.7M) | (11.2M) | |
| Non Operating Income Net Other | (14.9M) | (6.8M) | (26.8M) | (10.2M) | (9.1M) | (9.6M) | |
| Tax Provision | 1.9M | 1.8M | 3.3M | 2.5M | 2.9M | 2.2M | |
| Net Interest Income | (18.1M) | (16.9M) | (8.1M) | (10.6M) | (12.2M) | (12.8M) | |
| Reconciled Depreciation | 7.5M | 6.4M | 5.5M | 4.5M | 4.1M | 7.1M |
Pair Trading with Accuray Incorporated
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 Accuray Incorporated 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 Accuray Incorporated will appreciate offsetting losses from the drop in the long position's value.Moving against Accuray Stock
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The ability to find closely correlated positions to Accuray Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accuray Incorporated 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 Accuray Incorporated - 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 Accuray Incorporated to buy it.
The correlation of Accuray Incorporated 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 Accuray Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accuray Incorporated 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 Accuray Incorporated 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.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 tightly coupled 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.Note that the Accuray Incorporated information on this page should be used as a complementary analysis to other Accuray Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
Complementary Tools for Accuray Stock analysis
When running Accuray Incorporated's price analysis, check to measure Accuray Incorporated'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 Accuray Incorporated is operating at the current time. Most of Accuray Incorporated's value examination focuses on studying past and present price action to predict the probability of Accuray Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Accuray Incorporated's price. Additionally, you may evaluate how the addition of Accuray Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Accuray Incorporated's industry 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 Accuray Incorporated. If investors know Accuray 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 Accuray Incorporated 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 (0.96) | Earnings Share (0.15) | Revenue Per Share 4.64 | Quarterly Revenue Growth 0.168 | Return On Assets 0.0001 |
The market value of Accuray Incorporated is measured differently than its book value, which is the value of Accuray that is recorded on the company's balance sheet. Investors also form their own opinion of Accuray Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Accuray Incorporated'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 Accuray Incorporated's market value can be influenced by many factors that don't directly affect Accuray Incorporated'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 Accuray Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Accuray Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Accuray Incorporated'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.