Affirmative Insurance (AFFM)
Affirmative Insurance Accruals: 8.44M
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AFFM Accruals Rankings
| Overall | 80th percentile | 824 of 4305 |
| Sector | 78th percentile | 183 of 863 in Financial |
| Industry | 56th percentile | 35 of 80 in Property & Casualty Insurance |
AFFM Accruals Range, Past 5 Years
| Minimum | -133.67M | Dec 2011 |
| Maximum | 27.09M | Jun 2011 |
| Average | -10.13M |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
Learn More
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AFFM News
Mar 30, 4:00PM GlobeNewswire
Nov 14, 6:45PM GlobeNewswire
Aug 15, 7:00PM GlobeNewswire
Jun 17, 2:37PM Business Wire
May 16, 5:00PM GlobeNewswire
Mar 31, 6:30PM GlobeNewswire
about 976 days ago by datajunkies
about 1237 days ago by TradeIdeas
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| AFFM | 0.4502 | -0.10 | -18.10% | 6.938M |
| AGO | 12.23 | -0.11 | -0.89% | 2.233B |
| AGNC | 32.22 | +0.09 | +0.28% | 9.666B |
| AGN | 90.53 | +0.04 | +0.04% | 27.59B |
| AGMA | 18.51 | +0.00 | +0.00% | |
| AGM | 24.44 | +0.11 | +0.45% | 253.20M |
| AGII | 28.82 | +0.77 | +2.75% | 753.64M |
| AGG | 110.92 | +0.17 | +0.15% | |
| AGEND | 5.20 | +0.06 | +1.17% | |
| AGEN | 5.20 | +0.06 | +1.17% | 116.95M |
