Credo Petroleum Corporation (CRED)
Credo Petroleum Corporation Accruals: -2.709M
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CRED Accruals Rankings
| Overall | 52nd percentile | 2040 of 4305 |
| Sector | 61st percentile | 190 of 495 in Basic Materials |
| Industry | 78th percentile | 19 of 89 in Independent Oil & Gas |
CRED Accruals Range, Past 5 Years
| Minimum | -11.17M | Jan 2009 |
| Maximum | -0.053M | Jan 2008 |
| Average | -2.485M |
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.
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CRED News
Apr 26, 8:00AM GlobeNewswire
Apr 17, 8:00AM GlobeNewswire
Mar 26, 8:00AM GlobeNewswire
Feb 21, 8:00AM GlobeNewswire
Jan 18, 8:03AM Benzinga
about 131 days ago by Benzinga
Jan 18, 8:01AM Street Insider
Jan 10, 8:16AM Street Insider
Jan 10, 8:09AM Benzinga
Jan 04, 8:07AM Benzinga
about 271 days ago by TurnKeyOil
about 459 days ago by TheEquitiesRoom
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CRED | 10.90 | +0.00 | +0.00% | 109.44M |
| CRDC | 1.82 | +0.02 | +1.11% | 66.01M |
| CRDA | 3.31 | +0.04 | +1.22% | 178.04M |
| CRD.B | 3.56 | +0.04 | +1.14% | 179.92M |
| CRC | 1.24 | +0.09 | +7.82% | 7.961M |
| CRBQ | 40.28 | -0.33 | -0.80% | |
| CRBC | 16.22 | +0.14 | +0.87% | 649.61M |
| CRAY | 10.70 | +0.02 | +0.19% | 393.55M |
| CR | 38.50 | -0.30 | -0.77% | 2.236B |
| COST | 84.48 | +0.00 | +0.00% | 36.74B |
