MI Developments (MIM)
MI Developments Accruals
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MIM Accruals Range, Past 5 Years
| Minimum | -102.69M | Dec 2009 |
| Maximum | 73.03M | Jun 2011 |
| Average | -19.75M |
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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MIM News
about 2 days ago by azendrian
Nov 28, 6:33AM Street Insider
about 218 days ago by DynamicDividend
Oct 25, 5:55PM Street Insider
Oct 25, 5:48PM PR Newswire
about 283 days ago by big3mkt
about 526 days ago by echasan
about 526 days ago by Legacy_Trades
about 526 days ago by Street_Insider
about 527 days ago by echasan
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MIM | 32.50 | -0.46 | -1.40% | 1.524B |
| MILL | 4.02 | -0.04 | -0.99% | 164.46M |
| MIL | 6.92 | +0.00 | +0.00% | 432.92M |
| MIG | 8.85 | -0.17 | -1.88% | 450.64M |
| MIDD | 101.89 | -2.09 | -2.01% | 1.901B |
| MIC | 33.49 | -0.10 | -0.30% | 1.552B |
| MHY | 6.12 | -0.10 | -1.61% | |
| MHR | 4.00 | -0.21 | -4.99% | 522.28M |
| MHP | 43.82 | -0.62 | -1.40% | 12.20B |
| MHLD | 8.16 | +0.19 | +2.38% | 589.32M |