Accuray Incorporated Stock Z Score

ARAY Stock

USD 2.23 0.09 3.88%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Accuray Incorporated Piotroski F Score and Accuray Incorporated Valuation analysis.

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 Capital Expenditures is fairly stable compared to the past year. Issuance Of Capital Stock is likely to rise to about 2.3 M in 2025, whereas Capital Surpluse is likely to drop slightly above 543.6 M in 2025. At this time, Accuray Incorporated's Depreciation And Amortization is fairly stable compared to the past year. Operating Income is likely to rise to about 608.6 K in 2025, whereas Interest Expense is likely to drop slightly above 8.6 M in 2025.

Accuray Incorporated Company Z Score Analysis

Accuray Incorporated's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Accuray Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Accuray Incorporated is extremely important. It helps to project a fair market value of Accuray Stock properly, considering its historical fundamentals such as Z Score. Since Accuray Incorporated's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Accuray Incorporated's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Accuray Incorporated's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Total Current Assets	Current Deferred Revenue	Retained Earnings	Accounts Payable	Net Receivables	Good Will	Short Term Investments	Short Term Debt	Intangible Assets	Common Stock	Property Plant Equipment	Net Tangible Assets	Long Term Debt	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock	Long Term Investments
Total Assets		0.56	0.45	0.92	0.99	0.82	-0.65	0.34	0.78	0.97	0.32	0.21	0.18	-0.94	0.72	-0.55	0.56	0.57	0.44	-0.12	-0.35	0.29	0.28	0.25	-0.12
Total Stockholder Equity	0.56		-0.27	0.2	0.49	0.58	0.12	-0.04	0.18	0.52	0.27	0.64	0.85	-0.54	0.45	0.26	0.06	0.05	-0.31	-0.05	0.3	-0.03	-0.24	-0.13	0.1
Net Debt	0.45	-0.27		0.66	0.47	0.26	-0.7	0.62	0.47	0.37	0.33	-0.27	-0.49	-0.43	0.38	-0.81	0.7	0.71	0.64	-0.2	-0.52	0.49	0.43	0.57	-0.46
Total Liab	0.92	0.2	0.66		0.94	0.7	-0.82	0.42	0.84	0.9	0.26	-0.04	-0.17	-0.86	0.64	-0.77	0.64	0.66	0.66	-0.12	-0.54	0.36	0.44	0.36	-0.19
Total Current Assets	0.99	0.49	0.47	0.94		0.87	-0.7	0.28	0.79	0.97	0.35	0.2	0.12	-0.95	0.62	-0.62	0.57	0.58	0.44	-0.1	-0.36	0.25	0.28	0.17	-0.05
Current Deferred Revenue	0.82	0.58	0.26	0.7	0.87		-0.51	-0.05	0.52	0.83	0.44	0.43	0.26	-0.88	0.35	-0.48	0.41	0.39	0.13	0.08	-0.08	0.02	0.02	-0.2	0.27
Retained Earnings	-0.65	0.12	-0.7	-0.82	-0.7	-0.51		-0.57	-0.78	-0.67	0.11	0.36	0.57	0.73	-0.35	0.92	-0.46	-0.46	-0.84	0.06	0.77	-0.34	-0.71	-0.37	0.2
Accounts Payable	0.34	-0.04	0.62	0.42	0.28	-0.05	-0.57		0.53	0.28	-0.31	-0.46	-0.38	-0.35	0.43	-0.49	0.31	0.34	0.74	-0.26	-0.67	0.54	0.64	0.89	-0.79
Net Receivables	0.78	0.18	0.47	0.84	0.79	0.52	-0.78	0.53		0.79	-0.08	-0.17	-0.22	-0.75	0.46	-0.63	0.43	0.45	0.73	-0.4	-0.61	0.37	0.63	0.39	-0.27
Good Will	0.97	0.52	0.37	0.9	0.97	0.83	-0.67	0.28	0.79		0.26	0.27	0.16	-0.96	0.6	-0.6	0.43	0.44	0.43	0.02	-0.29	0.12	0.25	0.18	-0.1
Short Term Investments	0.32	0.27	0.33	0.26	0.35	0.44	0.11	-0.31	-0.08	0.26		0.61	0.44	-0.25	0.15	-0.13	0.51	0.5	-0.39	0.03	0.45	-0.18	-0.52	-0.27	0.14
Short Term Debt	0.21	0.64	-0.27	-0.04	0.2	0.43	0.36	-0.46	-0.17	0.27	0.61		0.79	-0.24	0.06	0.25	-0.03	-0.05	-0.62	0.32	0.83	-0.55	-0.7	-0.42	0.21
Intangible Assets	0.18	0.85	-0.49	-0.17	0.12	0.26	0.57	-0.38	-0.22	0.16	0.44	0.79		-0.12	0.19	0.59	-0.09	-0.1	-0.71	0.03	0.7	-0.31	-0.63	-0.35	0.19
Common Stock	-0.94	-0.54	-0.43	-0.86	-0.95	-0.88	0.73	-0.35	-0.75	-0.96	-0.25	-0.24	-0.12		-0.55	0.65	-0.44	-0.44	-0.43	-0.01	0.34	-0.14	-0.28	-0.15	0.08
Property Plant Equipment	0.72	0.45	0.38	0.64	0.62	0.35	-0.35	0.43	0.46	0.6	0.15	0.06	0.19	-0.55		-0.2	0.52	0.54	0.38	-0.24	-0.27	0.58	0.32	0.51	-0.32
Net Tangible Assets	-0.55	0.26	-0.81	-0.77	-0.62	-0.48	0.92	-0.49	-0.63	-0.6	-0.13	0.25	0.59	0.65	-0.2		-0.49	-0.5	-0.73	-0.07	0.62	-0.18	-0.49	-0.35	0.24
Long Term Debt	0.56	0.06	0.7	0.64	0.57	0.41	-0.46	0.31	0.43	0.43	0.51	-0.03	-0.09	-0.44	0.52	-0.49		1.0	0.38	-0.29	-0.3	0.38	0.36	0.29	-0.16
Long Term Debt Total	0.57	0.05	0.71	0.66	0.58	0.39	-0.46	0.34	0.45	0.44	0.5	-0.05	-0.1	-0.44	0.54	-0.5	1.0		0.4	-0.29	-0.31	0.39	0.37	0.33	-0.2
Capital Surpluse	0.44	-0.31	0.64	0.66	0.44	0.13	-0.84	0.74	0.73	0.43	-0.39	-0.62	-0.71	-0.43	0.38	-0.73	0.38	0.4		-0.2	-0.86	0.58	0.86	0.7	-0.43
Deferred Long Term Liab	-0.12	-0.05	-0.2	-0.12	-0.1	0.08	0.06	-0.26	-0.4	0.02	0.03	0.32	0.03	-0.01	-0.24	-0.07	-0.29	-0.29	-0.2		0.31	-0.59	-0.43	-0.17	0.1
Short Long Term Debt	-0.35	0.3	-0.52	-0.54	-0.36	-0.08	0.77	-0.67	-0.61	-0.29	0.45	0.83	0.7	0.34	-0.27	0.62	-0.3	-0.31	-0.86	0.31		-0.63	-0.86	-0.53	0.27
Net Invested Capital	0.29	-0.03	0.49	0.36	0.25	0.02	-0.34	0.54	0.37	0.12	-0.18	-0.55	-0.31	-0.14	0.58	-0.18	0.38	0.39	0.58	-0.59	-0.63		0.6	0.6	-0.27
Net Working Capital	0.28	-0.24	0.43	0.44	0.28	0.02	-0.71	0.64	0.63	0.25	-0.52	-0.7	-0.63	-0.28	0.32	-0.49	0.36	0.37	0.86	-0.43	-0.86	0.6		0.5	-0.22
Capital Stock	0.25	-0.13	0.57	0.36	0.17	-0.2	-0.37	0.89	0.39	0.18	-0.27	-0.42	-0.35	-0.15	0.51	-0.35	0.29	0.33	0.7	-0.17	-0.53	0.6	0.5		-0.82
Long Term Investments	-0.12	0.1	-0.46	-0.19	-0.05	0.27	0.2	-0.79	-0.27	-0.1	0.14	0.21	0.19	0.08	-0.32	0.24	-0.16	-0.2	-0.43	0.1	0.27	-0.27	-0.22	-0.82

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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Accuray Incorporated

In accordance with the company's disclosures, Accuray Incorporated has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Equipment & Supplies sector and 100.0% lower than that of the Health Care industry. The z score for all United States stocks is 100.0% higher than that of the company.

Accuray Z Score Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Accuray Incorporated's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Accuray Incorporated could also be used in its relative valuation, which is a method of valuing Accuray Incorporated by comparing valuation metrics of similar companies.

Accuray Incorporated is currently under evaluation in z score category among its peers.

Accuray Incorporated ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Accuray Incorporated's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Accuray Incorporated's managers, analysts, and investors.

Environmental

Governance

Social

Accuray Incorporated Institutional Holders

Institutional Holdings refers to the ownership stake in Accuray Incorporated that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Accuray Incorporated's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Accuray Incorporated's value.

		Shares
Dafna Capital Management Llc	2024-09-30	1.2 M
Kovack Advisors Inc	2024-09-30	1 M
Kent Lake Capital Llc	2024-06-30	1000 K
Dimensional Fund Advisors, Inc.	2024-09-30	887.5 K
North Star Investment Management Corp	2024-09-30	871.7 K
Northern Trust Corp	2024-09-30	802.3 K
Archon Capital Management Llc	2024-09-30	796.9 K
Kennedy Capital Management Inc	2024-09-30	764.9 K
Acuitas Investments, Llc	2024-09-30	708.6 K
Blackrock Inc	2024-09-30	8.4 M
Neuberger Berman Group Llc	2024-09-30	5.6 M

Accuray Fundamentals

	Return On Equity	-0.34
	Return On Asset	-0.0017
	Profit Margin	(0.04) %
	Operating Margin	0.04 %
	Current Valuation	372.84 M
	Shares Outstanding	100.56 M
	Shares Owned By Insiders	2.58 %
	Shares Owned By Institutions	62.88 %
	Number Of Shares Shorted	4.03 M
	Price To Earning	44.00 X
	Price To Book	4.94 X
	Price To Sales	0.53 X
	Revenue	446.55 M
	Gross Profit	138.1 M
	EBITDA	5.71 M
	Net Income	(15.54 M)
	Cash And Equivalents	97.84 M
	Cash Per Share	1.05 X
	Total Debt	210.75 M
	Debt To Equity	3.90 %
	Current Ratio	1.68 X
	Book Value Per Share	0.45 X
	Cash Flow From Operations	(11.9 M)
	Short Ratio	6.07 X
	Earnings Per Share	(0.17) X
	Price To Earnings To Growth	0.08 X
	Target Price	6.13
	Number Of Employees	987
	Beta	1.4
	Market Capitalization	233.31 M
	Total Asset	468.63 M
	Retained Earnings	(517.68 M)
	Working Capital	127.97 M
	Current Asset	361.68 M
	Current Liabilities	210.21 M
	Net Asset	468.63 M

About Accuray Incorporated Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Accuray Incorporated's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Accuray Incorporated using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Accuray Incorporated based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional 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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Accuray Incorporated Stock Z Score

Accuray Incorporated Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Accuray Z Score Driver Correlations

Accuray Z Score Peer Comparison

Accuray Incorporated ESG Sustainability

Accuray Incorporated Institutional Holders

Accuray Fundamentals

About Accuray Incorporated Fundamental Analysis

Also Currently Popular

Additional Tools for Accuray Stock Analysis

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