Friedman Industries (FRD)
Friedman Industries Accruals: 0.8658M
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FRD Accruals Rankings
| Overall | 70th percentile | 1264 of 4304 |
| Sector | 73rd percentile | 129 of 495 in Basic Materials |
| Industry | 51st percentile | 15 of 31 in Steel & Iron |
FRD Accruals Range, Past 5 Years
| Minimum | -13.71M | Jun 2008 |
| Maximum | 11.64M | Mar 2011 |
| Average | -0.3175M |
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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FRD News
about 46 days ago by hamboneMJ
Mar 26, 6:23AM Street Insider
about 73 days ago by RecogniaEvents
about 76 days ago by RecogniaEvents
Sep 01, 5:27PM Street Insider
about 314 days ago by stocktilludrop
about 321 days ago by DynamicDividend
about 336 days ago by DynamicDividend
about 336 days ago by DynamicDividend
about 336 days ago by stocktilludrop
Jun 27, 6:08PM Business Wire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| FRD | 10.08 | +0.01 | +0.10% | 68.54M |
| FRC | 32.85 | -0.10 | -0.30% | 4.272B |
| FRBK | 1.91 | -0.05 | -2.55% | 49.60M |
| FRA | 14.27 | -0.08 | -0.56% | |
| FCO | 13.49 | -0.06 | -0.44% | |
| FCNCA | 166.83 | +1.83 | +1.11% | 1.715B |
| FCLF | 6.00 | +0.23 | +3.99% | 46.32M |
| FCL | 27.88 | +0.13 | +0.47% | |
| GFIG | 2.79 | +0.01 | +0.36% | 329.72M |
| GFI | 13.29 | +0.14 | +1.06% | 9.629B |
