IONQ Other Operating Expenses vs Gross Profit Analysis

IONQ Stock

USD 8.15 0.25 2.98%

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 Other Operating Expenses and its Gross Profit 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.

Other Operating Expenses vs Gross Profit

Other Operating Expenses vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of IONQ Inc Other Operating Expenses account and Gross Profit. At this time, the significance of the direction appears to have totally related.

The correlation between IONQ's Other Operating Expenses and Gross Profit is 0.99. Overlapping area represents the amount of variation of Other Operating Expenses that can explain the historical movement of Gross Profit 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 Other Operating Expenses and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Operating Expenses of IONQ Inc are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Other Operating Expenses i.e., IONQ's Other Operating Expenses and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.99

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of IONQ Inc. It is also known as IONQ overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

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.

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 05/31/2024, 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 Expenses	39.7M	93.9M	171.7M	180.3M
Cost Of Revenue	1.0M	2.9M	8.1M	8.5M

Total Operating Expenses Cost Of Revenue

IONQ fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment
Total Assets		0.81	0.73	0.78	1.0	0.96	0.9	-0.45	-0.83	0.79	0.47	0.94	0.82	0.89	0.98	0.64	0.9	0.88	0.52	0.78	0.77	0.87	0.99	0.81	0.98	0.92
Short Long Term Debt Total	0.81		0.83	0.85	0.79	0.85	0.98	-0.12	-0.89	0.85	0.15	0.82	0.98	0.96	0.76	0.8	0.95	0.82	0.73	0.86	0.82	0.88	0.78	0.88	0.89	0.96
Other Current Liab	0.73	0.83		1.0	0.71	0.87	0.85	0.11	-0.98	1.0	-0.08	0.76	0.82	0.77	0.66	0.99	0.78	0.68	0.95	1.0	0.94	0.94	0.69	0.99	0.79	0.78
Total Current Liabilities	0.78	0.85	1.0		0.76	0.91	0.88	0.08	-0.99	1.0	-0.05	0.81	0.85	0.81	0.71	0.98	0.83	0.7	0.92	1.0	0.96	0.94	0.73	1.0	0.84	0.83
Total Stockholder Equity	1.0	0.79	0.71	0.76		0.96	0.88	-0.45	-0.82	0.77	0.47	0.94	0.81	0.89	0.98	0.62	0.89	0.87	0.49	0.77	0.77	0.86	0.99	0.79	0.98	0.91
Net Tangible Assets	0.96	0.85	0.87	0.91	0.96		0.91	-0.31	-0.94	0.91	0.33	0.92	0.84	0.88	0.94	0.8	0.9	0.87	0.71	0.91	0.88	0.96	0.95	0.92	0.96	0.9
Property Plant And Equipment Net	0.9	0.98	0.85	0.88	0.88	0.91		-0.13	-0.92	0.88	0.15	0.92	0.98	0.98	0.83	0.8	0.98	0.82	0.71	0.89	0.89	0.9	0.85	0.91	0.96	0.99
Net Debt	-0.45	-0.12	0.11	0.08	-0.45	-0.31	-0.13		0.02	0.05	-1.0	-0.15	-0.03	-0.17	-0.59	0.2	-0.16	-0.61	0.21	0.07	0.19	-0.24	-0.56	0.02	-0.33	-0.19
Retained Earnings	-0.83	-0.89	-0.98	-0.99	-0.82	-0.94	-0.92	0.02		-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
Accounts Payable	0.79	0.85	1.0	1.0	0.77	0.91	0.88	0.05	-1.0		-0.03	0.81	0.84	0.81	0.72	0.98	0.83	0.72	0.92	1.0	0.96	0.95	0.74	1.0	0.84	0.83
Cash	0.47	0.15	-0.08	-0.05	0.47	0.33	0.15	-1.0	-0.05	-0.03		0.17	0.05	0.2	0.61	-0.17	0.18	0.63	-0.19	-0.05	-0.16	0.27	0.58	0.0	0.35	0.21
Non Current Assets Total	0.94	0.82	0.76	0.81	0.94	0.92	0.92	-0.15	-0.84	0.81	0.17		0.88	0.93	0.86	0.68	0.93	0.71	0.53	0.81	0.88	0.8	0.88	0.83	0.96	0.94
Non Currrent Assets Other	0.82	0.98	0.82	0.85	0.81	0.84	0.98	-0.03	-0.88	0.84	0.05	0.88		0.98	0.74	0.78	0.98	0.74	0.68	0.85	0.87	0.84	0.76	0.87	0.89	0.98
Other Assets	0.89	0.96	0.77	0.81	0.89	0.88	0.98	-0.17	-0.85	0.81	0.2	0.93	0.98		0.83	0.71	1.0	0.8	0.59	0.82	0.84	0.84	0.85	0.84	0.95	1.0
Cash And Short Term Investments	0.98	0.76	0.66	0.71	0.98	0.94	0.83	-0.59	-0.78	0.72	0.61	0.86	0.74	0.83		0.57	0.83	0.93	0.47	0.71	0.67	0.85	1.0	0.74	0.95	0.85
Net Receivables	0.64	0.8	0.99	0.98	0.62	0.8	0.8	0.2	-0.96	0.98	-0.17	0.68	0.78	0.71	0.57		0.72	0.61	0.98	0.98	0.91	0.9	0.6	0.97	0.72	0.72
Common Stock Shares Outstanding	0.9	0.95	0.78	0.83	0.89	0.9	0.98	-0.16	-0.86	0.83	0.18	0.93	0.98	1.0	0.83	0.72		0.78	0.6	0.83	0.86	0.85	0.84	0.86	0.94	0.99
Non Current Liabilities Total	0.88	0.82	0.68	0.7	0.87	0.87	0.82	-0.61	-0.77	0.72	0.63	0.71	0.74	0.8	0.93	0.61	0.78		0.58	0.7	0.58	0.88	0.93	0.74	0.88	0.81
Inventory	0.52	0.73	0.95	0.92	0.49	0.71	0.71	0.21	-0.9	0.92	-0.19	0.53	0.68	0.59	0.47	0.98	0.6	0.58		0.92	0.82	0.85	0.49	0.9	0.6	0.6
Other Current Assets	0.78	0.86	1.0	1.0	0.77	0.91	0.89	0.07	-0.99	1.0	-0.05	0.81	0.85	0.82	0.71	0.98	0.83	0.7	0.92		0.96	0.95	0.73	1.0	0.84	0.83
Other Stockholder Equity	0.77	0.82	0.94	0.96	0.77	0.88	0.89	0.19	-0.95	0.96	-0.16	0.88	0.87	0.84	0.67	0.91	0.86	0.58	0.82	0.96		0.86	0.7	0.96	0.83	0.85
Total Liab	0.87	0.88	0.94	0.94	0.86	0.96	0.9	-0.24	-0.97	0.95	0.27	0.8	0.84	0.84	0.85	0.9	0.85	0.88	0.85	0.95	0.86		0.87	0.96	0.89	0.85
Total Current Assets	0.99	0.78	0.69	0.73	0.99	0.95	0.85	-0.56	-0.8	0.74	0.58	0.88	0.76	0.85	1.0	0.6	0.84	0.93	0.49	0.73	0.7	0.87		0.77	0.96	0.87
Intangible Assets	0.81	0.88	0.99	1.0	0.79	0.92	0.91	0.02	-1.0	1.0	0.0	0.83	0.87	0.84	0.74	0.97	0.86	0.74	0.9	1.0	0.96	0.96	0.77		0.86	0.86
Common Stock	0.98	0.89	0.79	0.84	0.98	0.96	0.96	-0.33	-0.89	0.84	0.35	0.96	0.89	0.95	0.95	0.72	0.94	0.88	0.6	0.84	0.83	0.89	0.96	0.86		0.96
Property Plant Equipment	0.92	0.96	0.78	0.83	0.91	0.9	0.99	-0.19	-0.87	0.83	0.21	0.94	0.98	1.0	0.85	0.72	0.99	0.81	0.6	0.83	0.85	0.85	0.87	0.86	0.96

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

When determining whether IONQ Inc is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if IONQ Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Ionq Inc Stock. Highlighted below are key reports to facilitate an investment decision about Ionq Inc Stock:

How To Invest In IONQ

Details

Is IONQ Stock a good investment?

Details

What is IONQ's Net Worth?

Details

Largest Technology Hardware, Storage & Peripherals Companies

View

Largest Technology Hardware & Equipment Companies

View

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.

You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary 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.

	FinTech Suite Use AI to screen and filter profitable investment opportunities
	Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
	Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum
	Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market.
	AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities
	ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments

Is IONQ's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of IONQ. If investors know IONQ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about IONQ listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Earnings Share

(0.83)

Revenue Per Share

0.124

Quarterly Revenue Growth

0.769

Return On Assets

(0.20)

Return On Equity

(0.33)

The market value of IONQ Inc is measured differently than its book value, which is the value of IONQ that is recorded on the company's balance sheet. Investors also form their own opinion of IONQ's value that differs from its market value or its book value, called intrinsic value, which is IONQ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because IONQ's market value can be influenced by many factors that don't directly affect IONQ's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between IONQ's value and its price as these two are different measures arrived at by different means. Investors typically determine if IONQ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, IONQ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

IONQ Other Operating Expenses vs Gross Profit Analysis

Other Operating Expenses vs Gross Profit

Other Operating Expenses vs Gross Profit Correlation Analysis

Correlation Coefficient

Other Operating Expenses

Gross Profit

IONQ fundamental ratios Correlations

IONQ Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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

Complementary Tools for IONQ Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Total Current Liabilities	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Other Current Liab
Other Current Assets	+ 1.0	Other Current Liab
Accounts Payable	+ 1.0	Total Current Liabilities
Other Current Assets	+ 1.0	Total Current Liabilities

Intangible Assets	- 1.0	Retained Earnings
Accounts Payable	- 1.0	Retained Earnings
Cash	- 1.0	Net Debt
Other Current Assets	- 0.99	Retained Earnings
Retained Earnings	- 0.99	Total Current Liabilities
Retained Earnings	- 0.98	Other Current Liab