Legg Mason (LM)
Legg Mason Accruals: -87.02M
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LM Accruals Rankings
| Overall | 12th percentile | 3780 of 4311 |
| Sector | 9th percentile | 777 of 861 in Financial |
| Industry | 7th percentile | 51 of 55 in Asset Management |
LM Accruals Range, Past 5 Years
| Minimum | -1.929B | Dec 2008 |
| Maximum | 135.85M | Jun 2011 |
| Average | -243.71M |
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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LM News
about 5 days ago by OptionsCommander
May 17, 4:34PM Fox Business
May 17, 9:19AM Benzinga
about 14 days ago by TradeIdeasQuant
about 14 days ago by lamonicabuzz
May 16, 12:35PM Fox Business
about 14 days ago by TradeBot
about 16 days ago by EddyElfenbein
about 20 days ago by marketfolly
about 28 days ago by bradloncar
about 29 days ago by DynamicDividend
about 39 days ago by BenCBanks
about 45 days ago by abnormalreturns
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| LM | 26.14 | +0.62 | +2.43% | 3.653B |
| LLY | 41.30 | +0.19 | +0.46% | 47.92B |
| LKQX | 36.28 | +0.75 | +2.11% | 5.345B |
| LKFN | 25.61 | +0.24 | +0.95% | 417.44M |
| LIZ | 13.00 | +0.00 | +0.00% | 1.313B |
| LIWA | 5.32 | +0.00 | +0.00% | 160.03M |
| LIVE | 6.17 | +0.04 | +0.65% | 14.50M |
| LIOX | 3.07 | +0.05 | +1.66% | 193.29M |
| LINTB | 17.32 | +0.00 | +0.00% | 10.22B |
| LINTA | 17.36 | +0.12 | +0.70% | 9.477B |