Morgans Hotel Group (MHGC)
Morgans Hotel Group Accruals: -6.39M
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MHGC Accruals Rankings
| Overall | 43rd percentile | 2424 of 4311 |
| Sector | 54th percentile | 377 of 832 in Services |
| Industry | 86th percentile | 2 of 15 in Lodging |
MHGC Accruals Range, Past 5 Years
| Minimum | -46.46M | Dec 2009 |
| Maximum | -4.581M | Mar 2009 |
| Average | -20.36M |
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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MHGC News
about 30 days ago by earningscast
Apr 11, 4:30PM PR Newswire
about 75 days ago by RecogniaEvents
about 93 days ago by earningscast
Feb 28, 4:34PM Street Insider
Feb 27, 8:00AM Street Insider
Feb 08, 4:30PM PR Newswire
Dec 02, 5:45AM FlyOnTheWall
Dec 01, 4:36PM Benzinga
Dec 01, 4:34PM FlyOnTheWall
about 182 days ago by MarketBrief
about 183 days ago by MarketBrief
about 185 days ago by MarketBrief
about 190 days ago by MarketBrief
Nov 17, 4:31PM Benzinga
about 316 days ago by SharePlanner
about 429 days ago by jaythetrader
about 434 days ago by jaythetrader
about 507 days ago by rigeltrader
about 557 days ago by markmandy54
about 574 days ago by blackmarkt
about 583 days ago by flare9x
about 583 days ago by blackmarkt
about 583 days ago by blackmarkt
about 584 days ago by gtotoy
about 584 days ago by 1nvestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MHGC | 4.45 | -0.06 | -1.33% | 137.02M |
| MHF | 8.22 | -0.04 | -0.48% | |
| MGYR | 4.00 | -0.15 | -3.61% | 23.16M |
| MGV | 39.11 | -0.55 | -1.39% | |
| MGT | 4.80 | -0.05 | -1.03% | 10.13M |
| MGRC | 24.95 | -0.40 | -1.58% | 614.27M |
| MGPI | 3.37 | -0.13 | -3.71% | 60.36M |
| MGN | 1.408 | +0.01 | +0.57% | 40.47M |
| MGM | 10.92 | -0.25 | -2.24% | 5.338B |
| MGLN | 41.83 | -0.55 | -1.30% | 1.137B |