First Acceptance Corporation (FAC)
First Acceptance Corporation Accruals: -6.033M
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FAC Accruals Rankings
| Overall | 44th percentile | 2382 of 4304 |
| Sector | 42nd percentile | 491 of 861 in Financial |
| Industry | 37th percentile | 50 of 80 in Property & Casualty Insurance |
FAC Accruals Range, Past 5 Years
| Minimum | -15.24M | Dec 2007 |
| Maximum | 18.72M | Jun 2007 |
| Average | 0.1488M |
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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FAC News
May 07, 4:07PM Thomson Reuters ONE
Feb 29, 4:06PM Thomson Reuters ONE
Nov 07, 4:05PM Thomson Reuters ONE
Aug 31, 5:05PM Thomson Reuters ONE
about 1196 days ago by bluewaterpro
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FAC | 1.43 | +0.00 | +0.00% | 58.52M |
| F | 10.84 | +0.24 | +2.31% | 40.29B |
| EZY | 42.07 | +0.14 | +0.33% | |
| EZPW | 24.67 | +0.59 | +2.45% | 1.142B |
| EZM | 55.99 | +0.50 | +0.90% | |
| EZCH | 37.45 | +0.38 | +1.03% | 1.003B |
| EZA | 63.20 | +1.21 | +1.95% | |
| EXXI | 31.80 | +1.19 | +3.89% | 2.342B |
| EXTR | 3.72 | +0.14 | +3.91% | 335.66M |
| EWK | 11.08 | +0.03 | +0.27% |
