Accuray Free Cash Flow vs Net Income Analysis

ARAY Stock

USD 2.23 0.12 5.69%

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 Free Cash Flow 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.

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Accuray Incorporated Free Cash Flow account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Accuray Incorporated's Free Cash Flow and Net Income is 0.77. Overlapping area represents the amount of variation of Free Cash Flow 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 Free Cash Flow 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 Free Cash Flow 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 Free Cash Flow i.e., Accuray Incorporated's Free Cash Flow and Net Income go up and down completely randomly.

Correlation Coefficient

0.77

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

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 Profit	160.0M	154.0M	142.9M	119.7M
Total Revenue	429.9M	447.6M	446.6M	302.7M

Gross Profit Total Revenue

Accuray Incorporated fundamental ratios Correlations

	Total Assets	Total Stockholder Equity	Net Debt	Cash	Other Assets	Cash And Short Term Investments	Common Stock Shares Outstanding	Other Stockholder Equity	Total Liab	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Other Liab	Property Plant And Equipment Net	Current Deferred Revenue	Retained Earnings	Accounts Payable	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Good Will	Common Stock Total Equity	Short Term Investments	Non Current Liabilities Total	Inventory
Total Assets		0.6	0.43	0.78	0.19	0.71	0.89	0.9	0.92	0.99	0.64	0.74	0.74	-0.9	0.58	0.88	-0.64	0.3	0.8	-0.74	0.77	0.96	-0.95	0.36	0.53	0.79
Total Stockholder Equity	0.6		-0.27	0.75	-0.43	0.72	0.26	0.29	0.24	0.52	0.11	0.35	0.26	-0.71	0.33	0.57	0.11	0.0	0.74	-0.72	0.23	0.56	-0.55	0.26	-0.07	0.09
Net Debt	0.43	-0.27		-0.08	0.45	0.19	0.51	0.49	0.66	0.47	0.7	0.22	0.4	-0.34	0.38	0.34	-0.71	0.52	0.21	-0.11	0.43	0.36	-0.44	0.41	0.66	0.55
Cash	0.78	0.75	-0.08		-0.01	0.67	0.62	0.64	0.59	0.76	0.27	0.64	0.55	-0.7	0.39	0.77	-0.34	0.08	0.69	-0.7	0.49	0.75	-0.75	0.03	0.19	0.54
Other Assets	0.19	-0.43	0.45	-0.01		-0.4	0.5	0.45	0.44	0.21	0.0	0.51	0.37	0.05	0.28	-0.06	-0.65	0.55	0.09	0.41	0.5	0.16	-0.17	-0.37	0.38	0.64
Cash And Short Term Investments	0.71	0.72	0.19	0.67	-0.4		0.35	0.39	0.52	0.7	0.49	0.25	0.39	-0.76	0.24	0.81	-0.09	-0.17	0.58	-0.78	0.18	0.65	-0.64	0.74	0.27	0.19
Common Stock Shares Outstanding	0.89	0.26	0.51	0.62	0.5	0.35		1.0	0.95	0.9	0.58	0.81	0.8	-0.72	0.56	0.72	-0.87	0.46	0.62	-0.55	0.87	0.91	-0.9	0.06	0.54	0.96
Other Stockholder Equity	0.9	0.29	0.49	0.64	0.45	0.39	1.0		0.95	0.91	0.59	0.82	0.82	-0.74	0.51	0.77	-0.87	0.42	0.6	-0.6	0.88	0.93	-0.92	0.08	0.52	0.95
Total Liab	0.92	0.24	0.66	0.59	0.44	0.52	0.95	0.95		0.95	0.73	0.72	0.77	-0.75	0.55	0.79	-0.83	0.36	0.61	-0.55	0.82	0.9	-0.89	0.31	0.68	0.91
Total Current Assets	0.99	0.52	0.47	0.76	0.21	0.7	0.9	0.91	0.95		0.68	0.74	0.77	-0.88	0.48	0.92	-0.69	0.26	0.7	-0.74	0.79	0.97	-0.96	0.37	0.54	0.81
Short Long Term Debt Total	0.64	0.11	0.7	0.27	0.0	0.49	0.58	0.59	0.73	0.68		0.29	0.43	-0.55	0.38	0.65	-0.55	0.16	0.37	-0.52	0.51	0.58	-0.6	0.5	0.65	0.58
Other Current Liab	0.74	0.35	0.22	0.64	0.51	0.25	0.81	0.82	0.72	0.74	0.29		0.68	-0.62	0.3	0.63	-0.69	0.38	0.52	-0.37	0.81	0.74	-0.75	-0.12	0.32	0.78
Total Current Liabilities	0.74	0.26	0.4	0.55	0.37	0.39	0.8	0.82	0.77	0.77	0.43	0.68		-0.71	0.27	0.73	-0.72	0.31	0.4	-0.56	0.68	0.8	-0.82	0.08	0.07	0.74
Other Liab	-0.9	-0.71	-0.34	-0.7	0.05	-0.76	-0.72	-0.74	-0.75	-0.88	-0.55	-0.62	-0.71		-0.42	-0.86	0.47	-0.23	-0.74	0.83	-0.6	-0.9	0.91	-0.44	-0.26	-0.58
Property Plant And Equipment Net	0.58	0.33	0.38	0.39	0.28	0.24	0.56	0.51	0.55	0.48	0.38	0.3	0.27	-0.42		0.21	-0.39	0.53	0.84	-0.24	0.38	0.47	-0.47	0.07	0.53	0.55
Current Deferred Revenue	0.88	0.57	0.34	0.77	-0.06	0.81	0.72	0.77	0.79	0.92	0.65	0.63	0.73	-0.86	0.21		-0.54	0.02	0.53	-0.85	0.61	0.89	-0.9	0.44	0.33	0.61
Retained Earnings	-0.64	0.11	-0.71	-0.34	-0.65	-0.09	-0.87	-0.87	-0.83	-0.69	-0.55	-0.69	-0.72	0.47	-0.39	-0.54		-0.64	-0.31	0.32	-0.79	-0.67	0.73	0.1	-0.52	-0.91
Accounts Payable	0.3	0.0	0.52	0.08	0.55	-0.17	0.46	0.42	0.36	0.26	0.16	0.38	0.31	-0.23	0.53	0.02	-0.64		0.38	-0.03	0.49	0.24	-0.39	-0.31	0.26	0.52
Non Current Assets Total	0.8	0.74	0.21	0.69	0.09	0.58	0.62	0.6	0.61	0.7	0.37	0.52	0.4	-0.74	0.84	0.53	-0.31	0.38		-0.53	0.48	0.69	-0.69	0.25	0.41	0.53
Non Currrent Assets Other	-0.74	-0.72	-0.11	-0.7	0.41	-0.78	-0.55	-0.6	-0.55	-0.74	-0.52	-0.37	-0.56	0.83	-0.24	-0.85	0.32	-0.03	-0.53		-0.42	-0.8	0.82	-0.38	-0.09	-0.37
Net Receivables	0.77	0.23	0.43	0.49	0.5	0.18	0.87	0.88	0.82	0.79	0.51	0.81	0.68	-0.6	0.38	0.61	-0.79	0.49	0.48	-0.42		0.77	-0.78	-0.05	0.48	0.85
Good Will	0.96	0.56	0.36	0.75	0.16	0.65	0.91	0.93	0.9	0.97	0.58	0.74	0.8	-0.9	0.47	0.89	-0.67	0.24	0.69	-0.8	0.77		-0.97	0.3	0.4	0.79
Common Stock Total Equity	-0.95	-0.55	-0.44	-0.75	-0.17	-0.64	-0.9	-0.92	-0.89	-0.96	-0.6	-0.75	-0.82	0.91	-0.47	-0.9	0.73	-0.39	-0.69	0.82	-0.78	-0.97		-0.26	-0.38	-0.79
Short Term Investments	0.36	0.26	0.41	0.03	-0.37	0.74	0.06	0.08	0.31	0.37	0.5	-0.12	0.08	-0.44	0.07	0.44	0.1	-0.31	0.25	-0.38	-0.05	0.3	-0.26		0.37	-0.07
Non Current Liabilities Total	0.53	-0.07	0.66	0.19	0.38	0.27	0.54	0.52	0.68	0.54	0.65	0.32	0.07	-0.26	0.53	0.33	-0.52	0.26	0.41	-0.09	0.48	0.4	-0.38	0.37		0.59
Inventory	0.79	0.09	0.55	0.54	0.64	0.19	0.96	0.95	0.91	0.81	0.58	0.78	0.74	-0.58	0.55	0.61	-0.91	0.52	0.53	-0.37	0.85	0.79	-0.79	-0.07	0.59

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Accuray Incorporated Account Relationship Matchups

Accuray Incorporated fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	490.1M	480.1M	472.8M	479.2M	468.6M	394.4M
Total Stockholder Equity	62.8M	68.8M	53.2M	53.7M	45.1M	79.1M
Net Debt	114.1M	83.0M	125.0M	115.6M	142.2M	149.3M
Cash	107.6M	116.4M	88.7M	89.4M	68.6M	84.2M
Other Assets	17.1M	18.1M	20.5M	21.4M	19.2M	14.0M
Cash And Short Term Investments	107.6M	116.4M	88.7M	89.4M	68.6M	112.5M
Common Stock Shares Outstanding	90.6M	92.0M	92.1M	94.9M	98.3M	68.6M
Liabilities And Stockholders Equity	490.1M	480.1M	472.8M	479.2M	468.6M	394.4M
Other Stockholder Equity	545.7M	554.7M	543.2M	555.3M	566.9M	401.1M
Total Liab	427.3M	411.3M	419.7M	425.6M	423.5M	314.4M
Total Current Assets	356.6M	352.8M	350.9M	338.0M	323.2M	285.1M
Short Long Term Debt Total	221.7M	199.4M	213.7M	205.0M	210.7M	191.1M
Other Current Liab	45.1M	71.1M	68.2M	66.3M	47.0M	46.4M
Total Current Liabilities	182.3M	192.4M	208.9M	198.6M	195.3M	179.9M
Other Liab	31.5M	31.5M	14.2M	31.8M	28.6M	27.4M
Property Plant And Equipment Net	44.0M	34.9M	29.5M	46.8M	58.5M	32.7M
Current Deferred Revenue	105.8M	106.6M	100.7M	93.0M	71.6M	96.0M
Retained Earnings	(482.4M)	(488.0M)	(492.5M)	(502.1M)	(517.7M)	(491.8M)
Accounts Payable	23.1M	19.5M	31.3M	33.7M	50.0M	52.5M
Non Current Assets Total	133.4M	127.3M	122.0M	141.2M	145.4M	118.3M
Non Currrent Assets Other	17.1M	18.1M	20.5M	21.4M	18.6M	15.4M
Net Receivables	89.6M	85.4M	94.4M	74.8M	92.0M	66.8M
Good Will	57.7M	58.0M	57.8M	57.7M	57.7M	46.0M
Common Stock Total Equity	86K	89K	91K	94K	84.6K	80.4K
Non Current Liabilities Total	245.0M	218.9M	210.8M	226.9M	228.3M	160.4M
Inventory	134.5M	125.9M	142.3M	145.2M	138.3M	93.8M
Other Current Assets	24.9M	25.1M	25.5M	28.7M	24.3M	28.1M
Property Plant And Equipment Gross	44.0M	34.9M	29.5M	46.8M	132.2M	138.8M
Accumulated Other Comprehensive Income	(662K)	2.1M	2.4M	422K	(4.2M)	(4.0M)
Intangible Assets	663K	435K	250K	210K	59K	56.1K
Property Plant Equipment	44.0M	34.9M	29.5M	39.3M	45.2M	30.6M
Net Tangible Assets	5.3M	10.4M	(4.9M)	(11.7M)	(10.6M)	(10.0M)
Long Term Debt	189.3M	170.0M	171.9M	171.6M	164.4M	174.0M
Retained Earnings Total Equity	(485.5M)	(481.7M)	(488.0M)	(492.5M)	(443.3M)	(465.4M)
Long Term Debt Total	159.8M	189.3M	170.0M	171.9M	197.7M	172.1M
Capital Surpluse	535.3M	545.7M	554.7M	543.2M	624.7M	543.6M
Deferred Long Term Liab	1.1M	900K	9.8M	9.2M	8.3M	8.2M

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Accuray Free Cash Flow vs Net Income Analysis

Free Cash Flow vs Net Income

Free Cash Flow vs Net Income Correlation Analysis

Correlation Coefficient

Free Cash Flow

Net Income

Accuray Incorporated fundamental ratios Correlations

Accuray Incorporated Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Accuray Incorporated fundamental ratios Accounts

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Additional Tools for Accuray Stock Analysis

COMMON DESTINATIONS

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COMPANY

Other Stockholder Equity	+ 1.0	Common Stock Shares Outstanding
Total Current Assets	+ 0.99	Total Assets
Good Will	+ 0.97	Total Current Assets
Good Will	+ 0.96	Total Assets
Inventory	+ 0.96	Common Stock Shares Outstanding
Total Liab	+ 0.95	Common Stock Shares Outstanding

Common Stock Total Equity	- 0.97	Good Will
Common Stock Total Equity	- 0.96	Total Current Assets
Common Stock Total Equity	- 0.95	Total Assets
Common Stock Total Equity	- 0.92	Other Stockholder Equity
Inventory	- 0.91	Retained Earnings
Common Stock Total Equity	- 0.9	Current Deferred Revenue