Danaos Corporation (DAC)
Danaos Corporation Accruals: -56.48M
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DAC Accruals Rankings
| Overall | 16th percentile | 3602 of 4305 |
| Sector | 19th percentile | 669 of 832 in Services |
| Industry | 19th percentile | 32 of 40 in Shipping |
DAC Accruals Range, Past 5 Years
| Minimum | -95.54M | Mar 2010 |
| Maximum | 20.97M | Mar 2011 |
| Average | -18.86M |
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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DAC News
May 09, 4:05PM Marketwire
May 07, 4:05PM Marketwire
Apr 27, 11:00AM Marketwire
about 45 days ago by RecogniaEvents
Mar 28, 8:50AM Marketwire
Mar 12, 4:05PM Marketwire
about 82 days ago by iamspinner
about 97 days ago by Benzinga
Feb 21, 4:05PM Marketwire
Jan 19, 9:59AM Marketwire
Nov 07, 4:05PM Marketwire
Sep 01, 4:05PM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| DAC | 4.06 | +0.06 | +1.50% | 442.58M |
| D | 52.55 | +0.05 | +0.10% | 29.99B |
| CZZ | 11.90 | +0.13 | +1.10% | 2.075B |
| CZWI | 6.15 | +0.10 | +1.65% | 31.43M |
| CZR | 12.50 | -0.22 | -1.73% | |
| CZNC | 17.41 | -0.12 | -0.68% | 212.40M |
| CZFC | 8.00 | +0.00 | +0.00% | 15.76M |
| CZA | 31.37 | +0.07 | +0.24% | |
| CYTX | 2.18 | +0.04 | +1.87% | 126.29M |
| CYTR | 3.45 | +0.20 | +6.15% | 73.17M |