ARAY Stock | | | USD 2.03 0.10 5.18% |
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 Total Revenue and its Capex To Revenue 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.
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How to Invest in Accuray Incorporated guide.
Total Revenue vs Capex To Revenue
Total Revenue vs Capex To Revenue Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Accuray Incorporated Total Revenue account and
Capex To Revenue. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Accuray Incorporated's Total Revenue and Capex To Revenue is -0.1. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Capex To Revenue 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 Total Revenue and Capex To Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of Accuray Incorporated are associated (or correlated) with its Capex To Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capex To Revenue has no effect on the direction of Total Revenue i.e., Accuray Incorporated's Total Revenue and Capex To Revenue go up and down completely randomly.
Correlation Coefficient | -0.1 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
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.
Capex To Revenue
The ratio of a company's capital expenditures to its total revenue, indicating how much of the revenue is used for acquiring or maintaining physical assets.
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 |
Accuray Incorporated fundamental ratios Correlations
Click cells to compare fundamentals
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
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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.