IRay Cost Of Revenue vs Total Revenue Analysis

688301 Stock   116.18  0.42  0.36%   
IRay Technology financial indicator trend analysis is infinitely more than just investigating iRay Technology recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether iRay Technology is a good investment. Please check the relationship between IRay Technology Cost Of Revenue and its Total Revenue accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in iRay Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Cost Of Revenue vs Total Revenue

Cost Of Revenue vs Total Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iRay Technology Cost Of Revenue account and Total Revenue. At this time, the significance of the direction appears to have totally related.
The correlation between IRay Technology's Cost Of Revenue and Total Revenue is 1.0. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Total Revenue in the same time period over historical financial statements of iRay Technology Co, assuming nothing else is changed. The correlation between historical values of IRay Technology's Cost Of Revenue and Total 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 Cost Of Revenue of iRay Technology Co are associated (or correlated) with its Total Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Revenue has no effect on the direction of Cost Of Revenue i.e., IRay Technology's Cost Of Revenue and Total Revenue go up and down completely randomly.

Correlation Coefficient

1.0
Relationship DirectionPositive 
Relationship StrengthVery Strong

Cost Of Revenue

Cost of Revenue is found on iRay Technology income statement and represents the costs associated with goods and services IRay Technology provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Total Revenue

Total revenue comprises all receipts iRay Technology 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.
Most indicators from IRay Technology's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into iRay Technology 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 iRay Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
As of March 10, 2025, Tax Provision is expected to decline to about 58.2 M. In addition to that, Selling General Administrative is expected to decline to about 72.1 M
 2022 2023 2024 2025 (projected)
Interest Expense12.4M25.0M28.8M30.2M
Interest Income34.5M39.8M45.8M24.7M

IRay Technology fundamental ratios Correlations

0.190.840.980.930.80.930.850.880.840.880.890.980.850.881.00.870.950.970.850.850.90.82-0.910.930.82
0.19-0.060.360.1-0.140.42-0.070.08-0.120.54-0.030.03-0.03-0.050.24-0.070.430.150.450.560.0-0.090.02-0.04-0.09
0.84-0.060.790.951.00.71.00.680.990.730.960.840.990.980.830.970.730.880.650.610.921.0-0.990.811.0
0.980.360.790.910.740.970.80.860.790.940.840.940.820.830.990.810.990.940.920.930.860.76-0.860.870.77
0.930.10.950.910.920.870.960.830.960.820.980.920.960.980.930.970.890.90.840.810.970.93-0.980.890.94
0.8-0.141.00.740.920.640.990.630.990.680.940.810.980.970.780.960.670.860.580.540.91.0-0.970.781.0
0.930.420.70.970.870.640.710.920.710.870.820.90.720.780.950.770.990.830.960.980.850.66-0.790.870.66
0.85-0.071.00.80.960.990.710.70.990.730.970.860.990.990.840.980.740.880.660.620.941.0-0.990.831.0
0.880.080.680.860.830.630.920.70.720.640.840.920.670.790.890.80.890.740.850.850.890.64-0.780.950.64
0.84-0.120.990.790.960.990.710.990.720.70.970.860.990.990.830.980.740.860.680.620.940.98-0.990.830.98
0.880.540.730.940.820.680.870.730.640.70.710.790.780.730.90.690.910.90.860.870.70.71-0.770.660.71
0.89-0.030.960.840.980.940.820.970.840.970.710.910.940.990.881.00.820.860.740.720.990.94-0.980.920.95
0.980.030.840.940.920.810.90.860.920.860.790.910.840.890.980.880.90.940.810.80.920.82-0.910.970.82
0.85-0.030.990.820.960.980.720.990.670.990.780.940.840.970.840.950.750.890.690.640.90.99-0.980.780.99
0.88-0.050.980.830.980.970.780.990.790.990.730.990.890.970.871.00.790.880.710.690.980.97-0.990.890.98
1.00.240.830.990.930.780.950.840.890.830.90.880.980.840.870.860.960.960.880.890.90.8-0.890.920.8
0.87-0.070.970.810.970.960.770.980.80.980.691.00.880.951.00.860.780.860.70.670.980.96-0.980.90.97
0.950.430.730.990.890.670.990.740.890.740.910.820.90.750.790.960.780.870.960.980.850.69-0.810.850.7
0.970.150.880.940.90.860.830.880.740.860.90.860.940.890.880.960.860.870.750.750.840.87-0.910.850.87
0.850.450.650.920.840.580.960.660.850.680.860.740.810.690.710.880.70.960.750.970.780.6-0.740.750.61
0.850.560.610.930.810.540.980.620.850.620.870.720.80.640.690.890.670.980.750.970.770.56-0.710.760.57
0.90.00.920.860.970.90.850.940.890.940.70.990.920.90.980.90.980.850.840.780.770.9-0.960.940.91
0.82-0.091.00.760.931.00.661.00.640.980.710.940.820.990.970.80.960.690.870.60.560.9-0.970.791.0
-0.910.02-0.99-0.86-0.98-0.97-0.79-0.99-0.78-0.99-0.77-0.98-0.91-0.98-0.99-0.89-0.98-0.81-0.91-0.74-0.71-0.96-0.97-0.88-0.97
0.93-0.040.810.870.890.780.870.830.950.830.660.920.970.780.890.920.90.850.850.750.760.940.79-0.880.79
0.82-0.091.00.770.941.00.661.00.640.980.710.950.820.990.980.80.970.70.870.610.570.911.0-0.970.79
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IRay Technology Account Relationship Matchups

IRay Technology fundamental ratios Accounts

202020212022202320242025 (projected)
Total Assets2.9B3.5B5.8B7.5B8.6B4.5B
Other Current Liab32.9M21.4M17.5M10.7M9.6M14.9M
Total Current Liabilities239.2M376.5M523.0M1.4B1.6B1.7B
Total Stockholder Equity2.6B3.1B3.9B4.3B5.0B3.2B
Retained Earnings380.4M786.8M1.3B1.7B1.9B2.0B
Accounts Payable75.5M134.5M228.2M809.8M931.2M977.8M
Cash1.3B1.4B2.7B1.9B2.2B1.6B
Non Current Assets Total180.3M490.4M1.3B3.8B4.4B4.6B
Non Currrent Assets Other3.9M34.5M190.6M110.9M127.5M75.4M
Net Receivables123.7M281.5M356.6M604.6M695.3M730.0M
Non Current Liabilities Total33.2M84.1M1.4B1.8B2.1B2.2B
Inventory173.0M329.6M657.7M781.8M899.1M455.0M
Other Current Assets6.2M21.1M15.7M48.4M55.7M58.5M
Total Liab272.4M460.5M1.9B3.2B3.6B3.8B
Net Invested Capital2.7B3.1B5.2B6.1B7.0B3.9B
Short Long Term Debt55.1M51.5M149.0M195.7M225.0M236.3M
Total Current Assets2.7B3.0B4.5B3.7B4.3B3.2B
Non Current Liabilities Other10.1M13.3M14.3M11.1M12.7M12.4M
Net Working Capital2.5B2.7B4.0B2.4B2.7B2.6B
Intangible Assets10.6M19.8M173.8M175.3M201.6M211.7M

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Other Information on Investing in IRay Stock

Balance Sheet is a snapshot of the financial position of iRay Technology at a specified time, usually calculated after every quarter, six months, or one year. IRay Technology Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of IRay Technology and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which IRay currently owns. An asset can also be divided into two categories, current and non-current.