Accuray Non Current Liabilities Total vs Other Stockholder Equity Analysis

ARAY Stock  USD 1.53  0.01  0.66%   
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 Non Current Liabilities Total and its Other Stockholder Equity 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 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.

Non Current Liabilities Total vs Other Stockholder Equity

Non Current Liabilities Total vs Other Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Non Current Liabilities Total account and Other Stockholder Equity. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between Accuray Incorporated's Non Current Liabilities Total and Other Stockholder Equity is 0.55. Overlapping area represents the amount of variation of Non Current Liabilities Total that can explain the historical movement of Other Stockholder Equity 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 Non Current Liabilities Total and Other Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Current Liabilities Total of Accuray Incorporated are associated (or correlated) with its Other Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Stockholder Equity has no effect on the direction of Non Current Liabilities Total i.e., Accuray Incorporated's Non Current Liabilities Total and Other Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.55
Relationship DirectionPositive 
Relationship StrengthWeak

Non Current Liabilities Total

Other Stockholder Equity

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 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 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 47.8 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit160.0M154.0M177.1M118.0M
Total Revenue429.9M447.6M514.7M294.1M

Accuray Incorporated fundamental ratios Correlations

0.580.460.810.230.710.90.910.930.990.840.80.76-0.870.690.94-0.650.570.82-0.70.780.97-0.940.330.570.81
0.58-0.250.73-0.410.720.270.290.240.50.120.360.25-0.710.420.550.080.030.72-0.720.260.55-0.570.25-0.060.1
0.46-0.25-0.010.450.260.510.510.670.510.840.290.43-0.350.350.46-0.690.410.22-0.110.420.39-0.440.430.670.56
0.810.73-0.010.070.650.680.690.630.780.50.640.58-0.70.590.77-0.410.360.75-0.680.560.77-0.770.00.260.6
0.23-0.410.450.07-0.360.520.470.460.250.440.510.410.050.270.05-0.630.770.130.420.490.2-0.17-0.370.40.65
0.710.720.260.65-0.360.390.420.530.70.550.260.4-0.790.40.79-0.15-0.090.61-0.790.240.66-0.680.730.30.22
0.90.270.510.680.520.391.00.950.910.830.890.82-0.690.620.82-0.840.770.66-0.50.850.92-0.870.040.580.96
0.910.290.510.690.470.421.00.950.930.830.880.83-0.720.580.86-0.850.720.63-0.560.870.94-0.90.060.550.94
0.930.240.670.630.460.530.950.950.950.950.790.78-0.720.630.87-0.810.670.65-0.50.810.9-0.860.280.710.92
0.990.50.510.780.250.70.910.930.950.870.80.79-0.860.60.96-0.710.550.73-0.70.810.97-0.950.340.570.82
0.840.120.840.50.440.550.830.830.950.870.60.68-0.650.610.8-0.780.550.58-0.420.670.77-0.760.410.770.83
0.80.360.290.640.510.260.890.880.790.80.60.75-0.630.530.68-0.690.830.64-0.40.850.82-0.77-0.120.390.84
0.760.250.430.580.410.40.820.830.780.790.680.75-0.690.370.78-0.730.540.45-0.520.690.81-0.810.060.140.75
-0.87-0.71-0.35-0.70.05-0.79-0.69-0.72-0.72-0.86-0.65-0.63-0.69-0.45-0.90.48-0.32-0.70.83-0.61-0.880.91-0.44-0.25-0.54
0.690.420.350.590.270.40.620.580.630.60.610.530.37-0.450.48-0.320.570.91-0.250.350.57-0.490.10.60.63
0.940.550.460.770.050.790.820.860.870.960.80.680.78-0.90.48-0.660.350.64-0.850.720.95-0.960.40.420.7
-0.650.08-0.69-0.41-0.63-0.15-0.84-0.85-0.81-0.71-0.78-0.69-0.730.48-0.32-0.66-0.66-0.270.34-0.78-0.680.740.08-0.5-0.86
0.570.030.410.360.77-0.090.770.720.670.550.550.830.54-0.320.570.35-0.660.540.010.710.55-0.49-0.30.510.84
0.820.720.220.750.130.610.660.630.650.730.580.640.45-0.70.910.64-0.270.54-0.480.470.72-0.660.220.470.59
-0.7-0.72-0.11-0.680.42-0.79-0.5-0.56-0.5-0.7-0.42-0.4-0.520.83-0.25-0.850.340.01-0.48-0.42-0.760.81-0.38-0.07-0.31
0.780.260.420.560.490.240.850.870.810.810.670.850.69-0.610.350.72-0.780.710.47-0.420.78-0.78-0.040.480.82
0.970.550.390.770.20.660.920.940.90.970.770.820.81-0.880.570.95-0.680.550.72-0.760.78-0.960.270.450.8
-0.94-0.57-0.44-0.77-0.17-0.68-0.87-0.9-0.86-0.95-0.76-0.77-0.810.91-0.49-0.960.74-0.49-0.660.81-0.78-0.96-0.26-0.38-0.75
0.330.250.430.0-0.370.730.040.060.280.340.41-0.120.06-0.440.10.40.08-0.30.22-0.38-0.040.27-0.260.34-0.09
0.57-0.060.670.260.40.30.580.550.710.570.770.390.14-0.250.60.42-0.50.510.47-0.070.480.45-0.380.340.64
0.810.10.560.60.650.220.960.940.920.820.830.840.75-0.540.630.7-0.860.840.59-0.310.820.8-0.75-0.090.64
Click cells to compare fundamentals

Accuray Incorporated Account Relationship Matchups

Accuray Incorporated fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets490.1M480.1M472.8M479.2M551.1M388.6M
Total Stockholder Equity62.8M68.8M53.2M53.7M61.7M80.5M
Net Debt114.1M83.0M125.0M115.6M133.0M139.6M
Cash107.6M116.4M88.7M89.4M102.8M84.7M
Other Assets17.1M18.1M20.5M21.4M19.2M14.0M
Cash And Short Term Investments107.6M116.4M88.7M89.4M102.8M114.3M
Common Stock Shares Outstanding90.6M92.0M92.1M94.9M109.1M66.8M
Liabilities And Stockholders Equity490.1M480.1M472.8M479.2M551.1M388.6M
Other Stockholder Equity545.7M554.7M543.2M555.3M638.6M390.6M
Total Liab427.3M411.3M419.7M425.6M489.4M307.2M
Total Current Assets356.6M352.8M350.9M338.0M388.7M281.7M
Short Long Term Debt Total221.7M199.4M213.7M205.0M235.8M172.5M
Other Current Liab45.1M54.3M59.7M62.1M71.4M44.4M
Total Current Liabilities182.3M192.4M208.9M198.6M228.4M178.0M
Other Liab31.5M31.5M14.2M31.8M28.6M27.4M
Property Plant And Equipment Net44.0M34.9M29.5M46.8M53.8M31.0M
Current Deferred Revenue105.8M106.6M100.7M93.0M106.9M96.9M
Retained Earnings(482.4M)(488.0M)(492.5M)(502.1M)(451.9M)(474.5M)
Accounts Payable23.1M19.5M31.3M33.7M38.8M20.5M
Non Current Assets Total133.4M127.3M122.0M141.2M162.4M116.1M
Non Currrent Assets Other17.1M18.1M20.5M21.4M19.2M15.4M
Net Receivables89.6M85.4M94.4M74.8M86.0M65.0M
Good Will57.7M58.0M57.8M57.7M66.3M45.1M
Common Stock Total Equity86K89K91K94K84.6K80.4K
Non Current Liabilities Total245.0M218.9M210.8M226.9M261.0M155.6M
Inventory134.5M125.9M142.3M145.2M166.9M90.7M
Other Current Assets24.9M25.1M25.5M27.6M31.8M28.1M
Property Plant And Equipment Gross44.0M34.9M29.5M46.8M53.8M31.0M
Accumulated Other Comprehensive Income(662K)2.1M2.4M422K485.3K509.6K
Intangible Assets663K435K250K210K189K179.6K
Property Plant Equipment44.0M34.9M29.5M39.3M45.2M30.6M
Net Tangible Assets5.3M10.4M(4.9M)(11.7M)(10.6M)(10.0M)
Long Term Debt189.3M170.0M171.9M171.6M197.3M173.5M
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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When determining whether Accuray Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Accuray Incorporated'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 Accuray Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Accuray Incorporated Stock:
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 FinTech Suite module to use AI to screen and filter profitable investment opportunities.

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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
(0.22)
Revenue Per Share
4.422
Quarterly Revenue Growth
0.168
Return On Assets
(0.01)
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.