iRay Technology Net Working Capital vs Accounts Payable | 688301.SHG

IRay Net Working Capital vs Accounts Payable Analysis

688301 Stock   95.18  3.13  3.18%   
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 Net Working Capital and its Accounts Payable 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.

Net Working Capital vs Accounts Payable

Net Working Capital vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of iRay Technology Net Working Capital account and Accounts Payable. At this time, the significance of the direction appears to have fragmental relationship.
Net Working CapitalAccounts PayableDiversified AwayNet Working CapitalAccounts PayableDiversified Away100%
The correlation between IRay Technology's Net Working Capital and Accounts Payable is 0.47. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Accounts Payable 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 Net Working Capital and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of iRay Technology Co are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Working Capital i.e., IRay Technology's Net Working Capital and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.47
Relationship DirectionPositive 
Relationship StrengthWeak

Net Working Capital

Accounts Payable

An accounting item on the balance sheet that represents IRay Technology obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of iRay Technology are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.
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 December 25, 2024, Tax Provision is expected to decline to about 58.2 M. In addition to that, Selling General Administrative is expected to decline to about 103.6 M
 2021 2022 2023 2024 (projected)
Interest Expense2.3M12.4M25.0M26.3M
Interest Income27.5M34.5M39.8M24.7M

IRay Technology fundamental ratios Correlations

0.360.80.980.990.740.940.810.870.870.850.880.980.820.861.00.80.950.960.860.880.890.76-0.880.90.77
0.360.020.530.24-0.080.540.020.17-0.110.710.050.170.070.040.40.030.560.370.550.650.08-0.01-0.070.06-0.01
0.80.020.740.810.990.651.00.620.840.650.940.810.990.970.791.00.670.870.590.570.891.0-0.990.761.0
0.980.530.740.950.650.970.740.820.760.920.810.920.770.790.990.730.990.940.920.950.830.69-0.820.810.69
0.990.240.810.950.750.910.820.890.920.780.890.990.830.870.980.80.920.930.840.840.90.77-0.890.920.77
0.74-0.080.990.650.750.550.990.550.820.570.910.750.970.950.710.990.580.820.490.470.851.0-0.960.711.0
0.940.540.650.970.910.550.660.90.680.840.790.90.670.750.950.650.990.830.950.990.840.58-0.750.840.59
0.810.021.00.740.820.990.660.650.850.640.950.820.980.980.81.00.680.870.590.580.910.99-0.990.780.99
0.870.170.620.820.890.550.90.650.750.550.840.920.60.770.870.630.860.690.820.830.90.56-0.730.960.57
0.87-0.110.840.760.920.820.680.850.750.570.860.930.850.860.840.830.690.860.590.560.840.82-0.880.850.82
0.850.710.650.920.780.570.840.640.550.570.620.720.720.640.860.630.890.890.840.870.610.61-0.70.540.62
0.880.050.940.810.890.910.790.950.840.860.620.910.90.990.870.950.790.840.70.710.990.91-0.970.920.92
0.980.170.810.920.990.750.90.820.920.930.720.910.810.880.970.80.90.90.810.820.930.76-0.880.950.77
0.820.070.990.770.830.970.670.980.60.850.720.90.810.950.80.970.70.890.650.610.860.97-0.980.710.98
0.860.040.970.790.870.950.750.980.770.860.640.990.880.950.850.980.760.870.670.670.970.96-0.990.870.96
1.00.40.790.990.980.710.950.80.870.840.860.870.970.80.850.780.960.950.880.910.880.74-0.860.890.75
0.80.031.00.730.80.990.651.00.630.830.630.950.80.970.980.780.670.860.560.570.90.99-0.980.771.0
0.950.560.670.990.920.580.990.680.860.690.890.790.90.70.760.960.670.870.960.990.820.61-0.770.810.62
0.960.370.870.940.930.820.830.870.690.860.890.840.90.890.870.950.860.870.750.790.820.84-0.90.780.85
0.860.550.590.920.840.490.950.590.820.590.840.70.810.650.670.880.560.960.750.970.750.52-0.70.710.52
0.880.650.570.950.840.470.990.580.830.560.870.710.820.610.670.910.570.990.790.970.760.5-0.680.740.51
0.890.080.890.830.90.850.840.910.90.840.610.990.930.860.970.880.90.820.820.750.760.86-0.940.950.86
0.76-0.011.00.690.771.00.580.990.560.820.610.910.760.970.960.740.990.610.840.520.50.86-0.970.721.0
-0.88-0.07-0.99-0.82-0.89-0.96-0.75-0.99-0.73-0.88-0.7-0.97-0.88-0.98-0.99-0.86-0.98-0.77-0.9-0.7-0.68-0.94-0.97-0.83-0.97
0.90.060.760.810.920.710.840.780.960.850.540.920.950.710.870.890.770.810.780.710.740.950.72-0.830.72
0.77-0.011.00.690.771.00.590.990.570.820.620.920.770.980.960.751.00.620.850.520.510.861.0-0.970.72
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IRay Technology Account Relationship Matchups

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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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