Covance (CVD)
Covance Accruals: -9.742M
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CVD Accruals Rankings
| Overall | 39th percentile | 2621 of 4305 |
| Sector | 20th percentile | 397 of 499 in Healthcare |
| Industry | 30th percentile | 16 of 23 in Medical Laboratories & Research |
CVD Accruals Range, Past 5 Years
| Minimum | -138.72M | Sep 2010 |
| Maximum | 33.56M | Mar 2011 |
| Average | -34.07M |
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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CVD News
about 26 days ago by earningscast
May 03, 7:00AM PR Newswire
Apr 05, 3:19PM PR Newswire
about 63 days ago by MarketBrief
about 103 days ago by earningscast
about 107 days ago by upsidetrader
about 123 days ago by TradeIdeasQuant
about 208 days ago by Benzinga
about 213 days ago by 1nvestor
about 264 days ago by RSDtrading
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| CVD | 46.55 | +0.45 | +0.98% | 2.649B |
| CVCY | 7.50 | +0.45 | +6.38% | 71.92M |
| CVCO | 43.46 | -0.90 | -2.03% | 299.44M |
| CVC | 11.66 | +0.00 | +0.00% | 3.198B |
| CTRN | 14.11 | -0.19 | -1.33% | 210.94M |
| CTP | 6.01 | +0.00 | +0.00% | 42.73M |
| CTO | 26.99 | -0.28 | -1.03% | 157.35M |
| CTL | 38.94 | +0.24 | +0.62% | 24.13B |
| CTIC | 0.91 | -0.01 | -1.09% | 206.22M |
| CRS | 46.44 | -1.12 | -2.35% | 2.373B |
