Innotrac Corporation (INOC)
Innotrac Corporation Accruals: 0.833M
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INOC Accruals Rankings
| Overall | 70th percentile | 1269 of 4311 |
| Sector | 76th percentile | 199 of 832 in Services |
| Industry | 71st percentile | 26 of 92 in Business Services |
INOC Accruals Range, Past 5 Years
| Minimum | -27.46M | Dec 2009 |
| Maximum | 0.966M | Dec 2008 |
| Average | -2.356M |
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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INOC News
May 17, 10:30AM PR Newswire
Apr 05, 11:26AM PR Newswire
Dec 01, 11:00AM PR Newswire
Nov 30, 5:00PM PR Newswire
Nov 08, 12:14PM PR Newswire
about 597 days ago by Detroitblues
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| INOC | 1.32 | +0.00 | +0.00% | 17.17M |
| INO | 0.44 | -0.01 | -2.22% | 59.39M |
| ININ | 25.91 | -0.25 | -0.96% | 500.44M |
| ING | 5.80 | -0.25 | -4.13% | 22.88B |
| IMN | 5.63 | -0.05 | -0.88% | 217.71M |
| IMMU | 3.365 | -0.04 | -1.32% | 257.56M |
| IMMR | 5.62 | +0.23 | +4.27% | 150.27M |
| IMKTA | 15.27 | -0.35 | -2.24% | 379.10M |
| IMI | 6.74 | +0.01 | +0.15% | |
| IMH | 2.02 | -0.01 | -0.49% | 15.80M |
