IONQ Gross Profit vs Total Other Income Expense Net Analysis

IONQ Stock  USD 7.71  0.07  0.90%   
IONQ financial indicator trend analysis is infinitely more than just investigating IONQ Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether IONQ Inc is a good investment. Please check the relationship between IONQ Gross Profit and its Total Other Income Expense Net accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IONQ Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

Gross Profit vs Total Other Income Expense Net

Gross Profit vs Total Other Income Expense Net Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IONQ Inc Gross Profit account and Total Other Income Expense Net. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between IONQ's Gross Profit and Total Other Income Expense Net is -0.12. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Total Other Income Expense Net in the same time period over historical financial statements of IONQ Inc, assuming nothing else is changed. The correlation between historical values of IONQ's Gross Profit and Total Other Income Expense Net is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of IONQ Inc are associated (or correlated) with its Total Other Income Expense Net. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Other Income Expense Net has no effect on the direction of Gross Profit i.e., IONQ's Gross Profit and Total Other Income Expense Net go up and down completely randomly.

Correlation Coefficient

-0.12
Relationship DirectionNegative 
Relationship StrengthInsignificant

Gross Profit

Gross profit is a required income statement account that reflects total revenue of IONQ Inc minus its cost of goods sold. It is profit before IONQ operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Other Income Expense Net

Most indicators from IONQ's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into IONQ Inc 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IONQ Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
At this time, IONQ's Selling General Administrative is relatively stable compared to the past year. As of 06/05/2024, Tax Provision is likely to grow to about 41 K, though Enterprise Value Multiple is likely to grow to (18.40).
 2021 2022 2023 2024 (projected)
Total Operating Expenses39.7M93.9M171.7M180.3M
Cost Of Revenue1.0M2.9M8.1M8.5M

IONQ fundamental ratios Correlations

0.810.730.781.00.960.9-0.45-0.830.790.470.940.820.890.980.640.90.880.520.780.770.870.990.810.980.92
0.810.830.850.790.850.98-0.12-0.890.850.150.820.980.960.760.80.950.820.730.860.820.880.780.880.890.96
0.730.831.00.710.870.850.11-0.981.0-0.080.760.820.770.660.990.780.680.951.00.940.940.690.990.790.78
0.780.851.00.760.910.880.08-0.991.0-0.050.810.850.810.710.980.830.70.921.00.960.940.731.00.840.83
1.00.790.710.760.960.88-0.45-0.820.770.470.940.810.890.980.620.890.870.490.770.770.860.990.790.980.91
0.960.850.870.910.960.91-0.31-0.940.910.330.920.840.880.940.80.90.870.710.910.880.960.950.920.960.9
0.90.980.850.880.880.91-0.13-0.920.880.150.920.980.980.830.80.980.820.710.890.890.90.850.910.960.99
-0.45-0.120.110.08-0.45-0.31-0.130.020.05-1.0-0.15-0.03-0.17-0.590.2-0.16-0.610.210.070.19-0.24-0.560.02-0.33-0.19
-0.83-0.89-0.98-0.99-0.82-0.94-0.920.02-1.0-0.05-0.84-0.88-0.85-0.78-0.96-0.86-0.77-0.9-0.99-0.95-0.97-0.8-1.0-0.89-0.87
0.790.851.01.00.770.910.880.05-1.0-0.030.810.840.810.720.980.830.720.921.00.960.950.741.00.840.83
0.470.15-0.08-0.050.470.330.15-1.0-0.05-0.030.170.050.20.61-0.170.180.63-0.19-0.05-0.160.270.580.00.350.21
0.940.820.760.810.940.920.92-0.15-0.840.810.170.880.930.860.680.930.710.530.810.880.80.880.830.960.94
0.820.980.820.850.810.840.98-0.03-0.880.840.050.880.980.740.780.980.740.680.850.870.840.760.870.890.98
0.890.960.770.810.890.880.98-0.17-0.850.810.20.930.980.830.711.00.80.590.820.840.840.850.840.951.0
0.980.760.660.710.980.940.83-0.59-0.780.720.610.860.740.830.570.830.930.470.710.670.851.00.740.950.85
0.640.80.990.980.620.80.80.2-0.960.98-0.170.680.780.710.570.720.610.980.980.910.90.60.970.720.72
0.90.950.780.830.890.90.98-0.16-0.860.830.180.930.981.00.830.720.780.60.830.860.850.840.860.940.99
0.880.820.680.70.870.870.82-0.61-0.770.720.630.710.740.80.930.610.780.580.70.580.880.930.740.880.81
0.520.730.950.920.490.710.710.21-0.90.92-0.190.530.680.590.470.980.60.580.920.820.850.490.90.60.6
0.780.861.01.00.770.910.890.07-0.991.0-0.050.810.850.820.710.980.830.70.920.960.950.731.00.840.83
0.770.820.940.960.770.880.890.19-0.950.96-0.160.880.870.840.670.910.860.580.820.960.860.70.960.830.85
0.870.880.940.940.860.960.9-0.24-0.970.950.270.80.840.840.850.90.850.880.850.950.860.870.960.890.85
0.990.780.690.730.990.950.85-0.56-0.80.740.580.880.760.851.00.60.840.930.490.730.70.870.770.960.87
0.810.880.991.00.790.920.910.02-1.01.00.00.830.870.840.740.970.860.740.91.00.960.960.770.860.86
0.980.890.790.840.980.960.96-0.33-0.890.840.350.960.890.950.950.720.940.880.60.840.830.890.960.860.96
0.920.960.780.830.910.90.99-0.19-0.870.830.210.940.981.00.850.720.990.810.60.830.850.850.870.860.96
Click cells to compare fundamentals

IONQ Account Relationship Matchups

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.

Try AI Portfolio Architect

Additional Tools for IONQ Stock Analysis

When running IONQ's price analysis, check to measure IONQ'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 IONQ is operating at the current time. Most of IONQ's value examination focuses on studying past and present price action to predict the probability of IONQ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move IONQ's price. Additionally, you may evaluate how the addition of IONQ to your portfolios can decrease your overall portfolio volatility.