Genco Shipping & Trading (GNK)
Genco Shipping & Trading Accruals: -25.10M
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GNK Accruals Rankings
| Overall | 25th percentile | 3197 of 4304 |
| Sector | 31st percentile | 574 of 833 in Services |
| Industry | 34th percentile | 27 of 41 in Shipping |
GNK Accruals Range, Past 5 Years
| Minimum | -171.30M | Dec 2008 |
| Maximum | 18.28M | Mar 2008 |
| Average | -27.09M |
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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GNK News
about 3 days ago by harmongreg
May 22, 11:00AM Benzinga
about 9 days ago by DrewG151
May 18, 1:52PM Street Insider
about 11 days ago by TradeIdeasQuant
about 12 days ago by TradeBot
May 14, 8:20AM Marketwire
about 24 days ago by Good2go
about 28 days ago by CDMCapital
about 28 days ago by decklap
about 28 days ago by StratCap
about 28 days ago by TDawson57
Apr 30, 5:58PM Street Insider
Apr 30, 4:21PM Street Insider
Apr 30, 4:20PM PR Newswire
Apr 23, 4:15PM PR Newswire
Apr 06, 8:20AM Marketwire
Feb 21, 4:31PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| GNK | 3.23 | +0.01 | +0.31% | 141.07M |
| GNI | 65.28 | +2.39 | +3.80% | 94.34M |
| GNE | 7.07 | +0.06 | +0.86% | |
| GNCMA | 6.33 | -0.36 | -5.38% | 295.30M |
| GNC | 39.54 | -0.01 | -0.03% | |
| GNAT | 21.95 | +0.36 | +1.69% | |
| GMXR | 0.95 | +0.03 | +3.26% | 62.81M |
| GMT | 38.98 | +0.31 | +0.80% | 1.811B |
| GMO | 2.61 | +0.10 | +3.98% | 228.86M |
| GMMB | 54.48 | +0.00 | +0.00% |