Ray Corporation

As of August 31, 2024, Ray Corporation carries a market capitalization of 6.26B, placing it among publicly traded companies globally. Its enterprise value stands at 4.11B, reflecting the total theoretical takeover cost after accounting for cash holdings and debt obligations.

Ray Corporation's next confirmed earnings release is scheduled for January 8, 2027.

As of August 31, 2024, Ray Corporation has 13.68M shares outstanding.

As of August 31, 2024, Ray Corporation trades at a trailing price-to-earnings ratio of 7.01. The price-to-sales ratio is 0.57, and the price-to-book ratio stands at 0.99.

As of August 31, 2024, Ray Corporation trades at an EV/EBITDA multiple of 3.57 - the valuation measure that neutralizes differences in capital structure, tax rates, and depreciation policy, making it the standard yardstick for comparing companies across an industry. The EV/Sales ratio of 0.36 reflects the premium investors pay for the company's revenue stream, a useful check when earnings are depressed or negative. Its EV/EBIT multiple of 3.57 values the business against core operating earnings after depreciation, a stricter test than EV/EBITDA for capital-intensive businesses. These enterprise value multiples are built on an enterprise value of 4.11B versus a market cap of 6.26B, with the gap driven by net debt and cash on the balance sheet.

As of August 31, 2024, Ray Corporation maintains a current ratio of 2.71, meaning it holds 2.7x the short-term assets needed to cover near-term liabilities. The debt-to-equity ratio is 13.41, indicating elevated leverage, while an interest coverage ratio of 218.95 demonstrates strong ability to service its debt obligations.

Over the twelve months ended August 31, 2024, Ray Corporation posted a return on equity (ROE) of 15.06, showing how much profit the company earns on every dollar of shareholder capital. Return on invested capital (ROIC) comes in at 11.18 - the clearest signal of whether the business earns more on its capital than that capital costs, and the core measure of a durable competitive advantage. Return on assets (ROA) stands at 10.85, measuring how efficiently the asset base is converted into earnings. Return on capital employed (ROCE) is 13.10, useful for judging operating efficiency across full business cycles. The company generates approximately 27.87M in revenue per employee across its workforce of 405.00, a quick read on workforce productivity versus industry peers. Inventory turnover of 21.34 indicates how many times Ray Corporation sells and replaces its inventory over a year, a key working capital efficiency ratio.

Over the twelve months ended August 31, 2024, Ray Corporation recorded 385.17M in income tax expense. That works out to an effective tax rate of 29.53, which can sit above or below the statutory corporate tax rate depending on foreign earnings mix, tax credits, and one-off items. Taxes are levied on pretax income of 1.30B, leaving 919.22M in net income after tax - the gap is what shifts in the tax rate do to reported earnings and EPS.

As of the close on October 23, 2026, Ray Corporation's stock has declined approximately 10.82% over the past 52 weeks. The 50-day moving average sits at 575.98, while the 200-day moving average is 575.78.

Over the twelve months ended August 31, 2024, Ray Corporation generated 11.29B in revenue and converted that into 919.22M in net income, yielding earnings per share of 65.38. EBITDA reached 1.15B, while operating income came in at 1.15B.

As of August 31, 2024, Ray Corporation holds 3.01B in cash and equivalents against 847.64M in total debt, resulting in a net debt position of -2.41B. Total book value stands at 6.32B, with working capital of 3.17B providing operational flexibility.

Over the twelve months ended August 31, 2024, Ray Corporation posted a gross margin of 34.05, reflecting its pricing power and cost economics. The operating margin of 10.19 and net profit margin of 8.14 provide insight into operational efficiency.

Ray Corporation's most recent stock split took place on August 26, 2005 with a 1:2 split ratio.

As of August 31, 2024, Ray Corporation has an Altman Z-Score of 4.95, well above the 3.0 threshold that indicates strong financial health and minimal bankruptcy risk.