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 Direction	Positive
Relationship Strength	Very Strong

View All Relationships

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 Expense	12.4M	25.0M	28.8M	30.2M
Interest Income	34.5M	39.8M	45.8M	24.7M

Interest Expense Interest Income

IRay Technology fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Total Liab	Net Invested Capital	Short Long Term Debt	Total Current Assets	Capital Stock	Non Current Liabilities Other	Net Working Capital	Intangible Assets	Property Plant And Equipment Net	Short Term Investments	Capital Lease Obligations	Property Plant And Equipment Gross
Total Assets		0.19	0.84	0.98	0.93	0.8	0.93	0.85	0.88	0.84	0.88	0.89	0.98	0.85	0.88	1.0	0.87	0.95	0.97	0.85	0.85	0.9	0.82	-0.91	0.93	0.82
Other Current Liab	0.19		-0.06	0.36	0.1	-0.14	0.42	-0.07	0.08	-0.12	0.54	-0.03	0.03	-0.03	-0.05	0.24	-0.07	0.43	0.15	0.45	0.56	0.0	-0.09	0.02	-0.04	-0.09
Total Current Liabilities	0.84	-0.06		0.79	0.95	1.0	0.7	1.0	0.68	0.99	0.73	0.96	0.84	0.99	0.98	0.83	0.97	0.73	0.88	0.65	0.61	0.92	1.0	-0.99	0.81	1.0
Total Stockholder Equity	0.98	0.36	0.79		0.91	0.74	0.97	0.8	0.86	0.79	0.94	0.84	0.94	0.82	0.83	0.99	0.81	0.99	0.94	0.92	0.93	0.86	0.76	-0.86	0.87	0.77
Retained Earnings	0.93	0.1	0.95	0.91		0.92	0.87	0.96	0.83	0.96	0.82	0.98	0.92	0.96	0.98	0.93	0.97	0.89	0.9	0.84	0.81	0.97	0.93	-0.98	0.89	0.94
Accounts Payable	0.8	-0.14	1.0	0.74	0.92		0.64	0.99	0.63	0.99	0.68	0.94	0.81	0.98	0.97	0.78	0.96	0.67	0.86	0.58	0.54	0.9	1.0	-0.97	0.78	1.0
Cash	0.93	0.42	0.7	0.97	0.87	0.64		0.71	0.92	0.71	0.87	0.82	0.9	0.72	0.78	0.95	0.77	0.99	0.83	0.96	0.98	0.85	0.66	-0.79	0.87	0.66
Non Current Assets Total	0.85	-0.07	1.0	0.8	0.96	0.99	0.71		0.7	0.99	0.73	0.97	0.86	0.99	0.99	0.84	0.98	0.74	0.88	0.66	0.62	0.94	1.0	-0.99	0.83	1.0
Non Currrent Assets Other	0.88	0.08	0.68	0.86	0.83	0.63	0.92	0.7		0.72	0.64	0.84	0.92	0.67	0.79	0.89	0.8	0.89	0.74	0.85	0.85	0.89	0.64	-0.78	0.95	0.64
Net Receivables	0.84	-0.12	0.99	0.79	0.96	0.99	0.71	0.99	0.72		0.7	0.97	0.86	0.99	0.99	0.83	0.98	0.74	0.86	0.68	0.62	0.94	0.98	-0.99	0.83	0.98
Common Stock Shares Outstanding	0.88	0.54	0.73	0.94	0.82	0.68	0.87	0.73	0.64	0.7		0.71	0.79	0.78	0.73	0.9	0.69	0.91	0.9	0.86	0.87	0.7	0.71	-0.77	0.66	0.71
Non Current Liabilities Total	0.89	-0.03	0.96	0.84	0.98	0.94	0.82	0.97	0.84	0.97	0.71		0.91	0.94	0.99	0.88	1.0	0.82	0.86	0.74	0.72	0.99	0.94	-0.98	0.92	0.95
Inventory	0.98	0.03	0.84	0.94	0.92	0.81	0.9	0.86	0.92	0.86	0.79	0.91		0.84	0.89	0.98	0.88	0.9	0.94	0.81	0.8	0.92	0.82	-0.91	0.97	0.82
Other Current Assets	0.85	-0.03	0.99	0.82	0.96	0.98	0.72	0.99	0.67	0.99	0.78	0.94	0.84		0.97	0.84	0.95	0.75	0.89	0.69	0.64	0.9	0.99	-0.98	0.78	0.99
Total Liab	0.88	-0.05	0.98	0.83	0.98	0.97	0.78	0.99	0.79	0.99	0.73	0.99	0.89	0.97		0.87	1.0	0.79	0.88	0.71	0.69	0.98	0.97	-0.99	0.89	0.98
Net Invested Capital	1.0	0.24	0.83	0.99	0.93	0.78	0.95	0.84	0.89	0.83	0.9	0.88	0.98	0.84	0.87		0.86	0.96	0.96	0.88	0.89	0.9	0.8	-0.89	0.92	0.8
Short Long Term Debt	0.87	-0.07	0.97	0.81	0.97	0.96	0.77	0.98	0.8	0.98	0.69	1.0	0.88	0.95	1.0	0.86		0.78	0.86	0.7	0.67	0.98	0.96	-0.98	0.9	0.97
Total Current Assets	0.95	0.43	0.73	0.99	0.89	0.67	0.99	0.74	0.89	0.74	0.91	0.82	0.9	0.75	0.79	0.96	0.78		0.87	0.96	0.98	0.85	0.69	-0.81	0.85	0.7
Capital Stock	0.97	0.15	0.88	0.94	0.9	0.86	0.83	0.88	0.74	0.86	0.9	0.86	0.94	0.89	0.88	0.96	0.86	0.87		0.75	0.75	0.84	0.87	-0.91	0.85	0.87
Non Current Liabilities Other	0.85	0.45	0.65	0.92	0.84	0.58	0.96	0.66	0.85	0.68	0.86	0.74	0.81	0.69	0.71	0.88	0.7	0.96	0.75		0.97	0.78	0.6	-0.74	0.75	0.61
Net Working Capital	0.85	0.56	0.61	0.93	0.81	0.54	0.98	0.62	0.85	0.62	0.87	0.72	0.8	0.64	0.69	0.89	0.67	0.98	0.75	0.97		0.77	0.56	-0.71	0.76	0.57
Intangible Assets	0.9	0.0	0.92	0.86	0.97	0.9	0.85	0.94	0.89	0.94	0.7	0.99	0.92	0.9	0.98	0.9	0.98	0.85	0.84	0.78	0.77		0.9	-0.96	0.94	0.91
Property Plant And Equipment Net	0.82	-0.09	1.0	0.76	0.93	1.0	0.66	1.0	0.64	0.98	0.71	0.94	0.82	0.99	0.97	0.8	0.96	0.69	0.87	0.6	0.56	0.9		-0.97	0.79	1.0
Short Term Investments	-0.91	0.02	-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
Capital Lease Obligations	0.93	-0.04	0.81	0.87	0.89	0.78	0.87	0.83	0.95	0.83	0.66	0.92	0.97	0.78	0.89	0.92	0.9	0.85	0.85	0.75	0.76	0.94	0.79	-0.88		0.79
Property Plant And Equipment Gross	0.82	-0.09	1.0	0.77	0.94	1.0	0.66	1.0	0.64	0.98	0.71	0.95	0.82	0.99	0.98	0.8	0.97	0.7	0.87	0.61	0.57	0.91	1.0	-0.97	0.79

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IRay Technology Account Relationship Matchups

IRay Technology fundamental ratios Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Total Assets	2.9B	3.5B	5.8B	7.5B	8.6B	4.5B
Other Current Liab	32.9M	21.4M	17.5M	10.7M	9.6M	14.9M
Total Current Liabilities	239.2M	376.5M	523.0M	1.4B	1.6B	1.7B
Total Stockholder Equity	2.6B	3.1B	3.9B	4.3B	5.0B	3.2B
Retained Earnings	380.4M	786.8M	1.3B	1.7B	1.9B	2.0B
Accounts Payable	75.5M	134.5M	228.2M	809.8M	931.2M	977.8M
Cash	1.3B	1.4B	2.7B	1.9B	2.2B	1.6B
Non Current Assets Total	180.3M	490.4M	1.3B	3.8B	4.4B	4.6B
Non Currrent Assets Other	3.9M	34.5M	190.6M	110.9M	127.5M	75.4M
Net Receivables	123.7M	281.5M	356.6M	604.6M	695.3M	730.0M
Non Current Liabilities Total	33.2M	84.1M	1.4B	1.8B	2.1B	2.2B
Inventory	173.0M	329.6M	657.7M	781.8M	899.1M	455.0M
Other Current Assets	6.2M	21.1M	15.7M	48.4M	55.7M	58.5M
Total Liab	272.4M	460.5M	1.9B	3.2B	3.6B	3.8B
Net Invested Capital	2.7B	3.1B	5.2B	6.1B	7.0B	3.9B
Short Long Term Debt	55.1M	51.5M	149.0M	195.7M	225.0M	236.3M
Total Current Assets	2.7B	3.0B	4.5B	3.7B	4.3B	3.2B
Non Current Liabilities Other	10.1M	13.3M	14.3M	11.1M	12.7M	12.4M
Net Working Capital	2.5B	2.7B	4.0B	2.4B	2.7B	2.6B
Intangible Assets	10.6M	19.8M	173.8M	175.3M	201.6M	211.7M

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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.

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IRay Cost Of Revenue vs Total Revenue Analysis

Cost Of Revenue vs Total Revenue

Cost Of Revenue vs Total Revenue Correlation Analysis

Correlation Coefficient

Cost Of Revenue

Total Revenue

IRay Technology fundamental ratios Correlations

IRay Technology Account Relationship Matchups

High Positive Relationship

High Negative Relationship

IRay Technology fundamental ratios Accounts

Currently Active Assets on Macroaxis

Other Information on Investing in IRay Stock

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Net Invested Capital	+ 1.0	Total Assets
Accounts Payable	+ 1.0	Total Current Liabilities
Non Current Assets Total	+ 1.0	Total Current Liabilities
Property Plant And Equipment Net	+ 1.0	Total Current Liabilities
Property Plant And Equipment Gross	+ 1.0	Total Current Liabilities
Property Plant And Equipment Net	+ 1.0	Accounts Payable

Short Term Investments	- 0.99	Total Liab
Short Term Investments	- 0.99	Net Receivables
Short Term Investments	- 0.99	Non Current Assets Total
Short Term Investments	- 0.99	Total Current Liabilities
Short Term Investments	- 0.98	Short Long Term Debt
Short Term Investments	- 0.98	Other Current Assets