Veracyte Net Income vs Capital Expenditures Analysis

VCYT Stock  USD 41.18  0.19  0.46%   
Veracyte financial indicator trend analysis is much more than just breaking down Veracyte prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Veracyte is a good investment. Please check the relationship between Veracyte Net Income and its Capital Expenditures accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.

Net Income vs Capital Expenditures

Net Income vs Capital Expenditures Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Veracyte Net Income account and Capital Expenditures. At this time, the significance of the direction appears to have pay attention.
The correlation between Veracyte's Net Income and Capital Expenditures is -0.81. Overlapping area represents the amount of variation of Net Income that can explain the historical movement of Capital Expenditures in the same time period over historical financial statements of Veracyte, assuming nothing else is changed. The correlation between historical values of Veracyte's Net Income and Capital Expenditures 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 Income of Veracyte are associated (or correlated) with its Capital Expenditures. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Capital Expenditures has no effect on the direction of Net Income i.e., Veracyte's Net Income and Capital Expenditures go up and down completely randomly.

Correlation Coefficient

-0.81
Relationship DirectionNegative 
Relationship StrengthSignificant

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Veracyte financial statement analysis. It represents the amount of money remaining after all of Veracyte operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Capital Expenditures

Capital Expenditures are funds used by Veracyte to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Veracyte operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.
Most indicators from Veracyte's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Veracyte 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 World Market Map to better understand how to build diversified portfolios, which includes a position in Veracyte. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.
For more information on how to buy Veracyte Stock please use our How to Invest in Veracyte guide.At this time, Veracyte's Selling General Administrative is comparatively stable compared to the past year. Tax Provision is likely to gain to about 392.7 K in 2024, whereas Enterprise Value Multiple is likely to drop (38.14) in 2024.
 2021 2022 2023 2024 (projected)
Total Operating Expenses227.0M236.0M333.9M350.6M
Cost Of Revenue74.4M101.6M112.9M118.5M

Veracyte fundamental ratios Correlations

0.980.981.00.760.96-0.68-0.880.90.610.98-0.490.310.630.970.90.850.280.950.970.990.840.880.730.810.96
0.981.00.970.740.95-0.57-0.850.950.50.98-0.510.20.530.960.890.810.310.960.970.960.870.870.640.80.97
0.981.00.980.730.94-0.57-0.850.960.50.99-0.490.180.530.950.880.80.280.960.970.970.850.880.640.780.97
1.00.970.980.750.96-0.68-0.870.90.610.98-0.480.30.630.970.890.840.260.940.970.990.830.880.730.80.96
0.760.740.730.750.81-0.7-0.730.610.740.7-0.550.50.740.780.770.840.530.660.780.760.860.560.810.840.71
0.960.950.940.960.81-0.71-0.940.850.660.93-0.420.340.680.980.960.90.440.960.930.980.870.880.770.880.96
-0.68-0.57-0.57-0.68-0.7-0.710.69-0.48-0.97-0.530.1-0.7-0.97-0.67-0.77-0.71-0.25-0.61-0.56-0.69-0.52-0.57-0.94-0.74-0.56
-0.88-0.85-0.85-0.87-0.73-0.940.69-0.75-0.65-0.830.25-0.34-0.67-0.94-0.95-0.92-0.5-0.91-0.83-0.94-0.82-0.86-0.75-0.87-0.91
0.90.950.960.90.610.85-0.48-0.750.40.92-0.410.070.420.850.820.680.190.920.910.890.780.850.520.70.91
0.610.50.50.610.740.66-0.97-0.650.40.46-0.170.771.00.630.730.750.330.530.50.630.570.450.980.790.49
0.980.980.990.980.70.93-0.53-0.830.920.46-0.540.180.490.950.830.790.230.930.980.960.830.860.610.740.96
-0.49-0.51-0.49-0.48-0.55-0.420.10.25-0.41-0.17-0.54-0.38-0.2-0.46-0.27-0.48-0.29-0.28-0.56-0.42-0.64-0.06-0.3-0.44-0.37
0.310.20.180.30.50.34-0.7-0.340.070.770.18-0.380.790.340.380.530.330.160.180.320.36-0.030.750.540.14
0.630.530.530.630.740.68-0.97-0.670.421.00.49-0.20.790.650.740.770.330.550.520.650.590.460.990.810.51
0.970.960.950.970.780.98-0.67-0.940.850.630.95-0.460.340.650.950.90.440.960.940.990.890.870.750.870.96
0.90.890.880.890.770.96-0.77-0.950.820.730.83-0.270.380.740.950.880.520.930.850.940.850.860.810.920.91
0.850.810.80.840.840.9-0.71-0.920.680.750.79-0.480.530.770.90.880.490.810.80.890.90.690.860.950.81
0.280.310.280.260.530.44-0.25-0.50.190.330.23-0.290.330.330.440.520.490.320.330.350.620.20.370.590.36
0.950.960.960.940.660.96-0.61-0.910.920.530.93-0.280.160.550.960.930.810.320.90.960.80.950.650.80.97
0.970.970.970.970.780.93-0.56-0.830.910.50.98-0.560.180.520.940.850.80.330.90.950.860.850.630.760.95
0.990.960.970.990.760.98-0.69-0.940.890.630.96-0.420.320.650.990.940.890.350.960.950.850.90.750.840.97
0.840.870.850.830.860.87-0.52-0.820.780.570.83-0.640.360.590.890.850.90.620.80.860.850.650.710.920.84
0.880.870.880.880.560.88-0.57-0.860.850.450.86-0.06-0.030.460.870.860.690.20.950.850.90.650.540.650.94
0.730.640.640.730.810.77-0.94-0.750.520.980.61-0.30.750.990.750.810.860.370.650.630.750.710.540.880.62
0.810.80.780.80.840.88-0.74-0.870.70.790.74-0.440.540.810.870.920.950.590.80.760.840.920.650.880.78
0.960.970.970.960.710.96-0.56-0.910.910.490.96-0.370.140.510.960.910.810.360.970.950.970.840.940.620.78
Click cells to compare fundamentals

Veracyte Account Relationship Matchups

Veracyte fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets275.2M457.2M1.2B1.2B1.1B1.2B
Other Current Liab13.7M10.1M38.8M40.0M36.1M37.9M
Total Current Liabilities17.5M16.8M64.2M62.6M61.2M64.3M
Total Stockholder Equity239.5M421.2M1.1B1.1B1.0B1.1B
Other Liab6.1M8.4M13.1M7.6M8.7M5.6M
Property Plant And Equipment Net17.7M16.8M31.1M30.9M30.9M32.4M
Net Debt(145.7M)(337.0M)(154.3M)(139.5M)(203.8M)(193.6M)
Retained Earnings(246.7M)(281.6M)(357.2M)(393.7M)(468.1M)(444.7M)
Accounts Payable2.3M3.1M12.4M11.9M12.9M13.6M
Cash159.3M349.4M173.2M154.2M216.5M117.7M
Non Current Assets Total87.5M81.5M944.7M907.8M829.3M870.7M
Non Currrent Assets Other2.0M2.0M(35.1M)(26.8M)6.8M7.2M
Other Assets2.0M9.8M2.9M6.2M1.00.95
Cash And Short Term Investments159.3M349.4M173.2M178.9M216.5M119.7M
Net Receivables19.3M18.5M41.5M44.0M40.4M42.4M
Common Stock Total Equity50K58K71K72K82.8K86.9K
Common Stock Shares Outstanding46.1M53.2M67.9M71.5M72.6M41.6M
Liabilities And Stockholders Equity275.2M457.2M1.2B1.2B1.1B1.2B
Non Current Liabilities Total18.3M19.2M27.2M18.6M9.6M17.6M
Inventory6.8M4.7M11.2M14.3M16.1M16.9M
Other Current Assets2.2M3.2M17.2M11.5M12.7M13.3M
Other Stockholder Equity486.1M702.8M1.5B1.5B1.5B1.6B
Total Liab35.8M35.9M91.3M81.2M70.8M44.5M
Property Plant And Equipment Gross17.7M9.0M31.1M30.9M63.7M66.9M
Total Current Assets187.7M375.7M243.1M248.6M285.6M148.7M
Accumulated Other Comprehensive Income(12.0M)0.0(15.1M)(31.3M)(24.0M)(22.8M)
Common Stock50K58K71K72K73K42.9K
Property Plant Equipment8.9M9.0M31.1M30.9M35.5M37.3M
Short Long Term Debt Total13.6M12.3M18.9M14.7M12.6M16.8M
Net Tangible Assets171.7M358.6M185.9M379.3M436.2M458.0M
Long Term Debt25.2M23.9M694K810K931.5K884.9K
Retained Earnings Total Equity(246.7M)(281.6M)(357.2M)(393.7M)(354.3M)(372.1M)
Long Term Debt Total25.2M23.9M694K810K931.5K884.9K
Capital Surpluse486.1M702.8M1.5B1.5B1.7B1.8B
Deferred Long Term Liab4.2M3.9M5.6M4.5M5.2M4.3M
Intangible Assets65.0M59.9M202.7M174.9M88.6M66.2M
Short Term Debt1.4M3.2M8.4M8.1M10.2M7.5M

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