MGM Resorts International (MGM)
MGM Resorts International Accruals: -508.95M
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MGM Accruals Rankings
| Overall | 3rd percentile | 4159 of 4311 |
| Sector | 3rd percentile | 801 of 832 in Services |
| Industry | 0th percentile | 22 of 22 in Resorts & Casinos |
MGM Accruals Range, Past 5 Years
| Minimum | -1.400B | Dec 2008 |
| Maximum | 3.169B | Jun 2011 |
| Average | -141.03M |
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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MGM News
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May 29, 8:58AM Street Insider
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about 13 days ago by MercenaryMike
May 17, 10:28AM Street Insider
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Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MGM | 10.92 | -0.25 | -2.24% | 5.460B |
| MGLN | 41.83 | -0.55 | -1.30% | 1.152B |
| MGK | 51.97 | -0.65 | -1.23% | |
| MGIC | 5.78 | +0.06 | +1.05% | 217.02M |
| MGI | 13.90 | -0.30 | -2.11% | 821.33M |
| MEAD | 3.54 | +0.00 | +0.00% | 4.354M |
| MEA | 2.57 | -0.12 | -4.46% | 127.88M |
| MDY | 169.01 | -3.44 | -1.99% | |
| MDW | 1.21 | -0.01 | -0.82% | 139.07M |
| MDVN | 85.01 | -1.60 | -1.85% | 3.119B |