Mitcham Industries (MIND)
Mitcham Industries Accruals: 2.567M
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MIND Accruals Rankings
| Overall | 74th percentile | 1079 of 4311 |
| Sector | 79th percentile | 170 of 832 in Services |
| Industry | 91st percentile | 2 of 24 in Rental & Leasing Services |
MIND Accruals Range, Past 5 Years
| Minimum | -9.971M | Jul 2007 |
| Maximum | 3.318M | Apr 2008 |
| Average | -4.045M |
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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MIND News
about 12 hours ago by MarketBrief
May 23, 4:15PM PR Newswire
about 17 days ago by stocktherapy
about 21 days ago by stocktherapy
about 30 days ago by harmongreg
about 43 days ago by RecogniaEvents
about 56 days ago by purecharger
Apr 05, 8:20AM Marketwire
about 57 days ago by TradeBot
about 57 days ago by 1nvestor
Dec 19, 7:10AM PR Newswire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| MIND | 18.75 | -0.91 | -4.63% | 244.18M |
| MIN | 6.43 | +0.02 | +0.31% | |
| MIM | 32.50 | -0.46 | -1.40% | 1.546B |
| MEN | 11.78 | +0.02 | +0.17% | |
| MEMS | 2.25 | -0.04 | -1.75% | 54.94M |
| MELI | 73.80 | -0.33 | -0.45% | 3.272B |
| MELA | 2.55 | -0.06 | -2.30% | 79.14M |
| MEI | 7.45 | -0.13 | -1.72% | 280.61M |
| MEG | 3.49 | -0.17 | -4.64% | 85.42M |
| MEDW | 14.33 | -0.21 | -1.44% | 119.08M |
