Philip Morris International Accruals
Philip Morris International Accruals Chart
Philip Morris International Historical Accruals DataPro Data Export
There is no data for the selected date range.
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.
View Accruals for PM.
Start Your YCharts Pro Gold Membership.
Access over 100 stock metrics like Beta, EV/EBITDA, PE10, Free Cash Flow Yield, KZ Index and Cash Conversion Cycle.
YCharts Pro is only $49/month, and comes with a 14-day free trial.Get Started Now
Already a YCharts Pro Gold Member? Sign in here.
PM Accruals Benchmarks
|Altria Group||Go Pro|
|British American Tobacco||Go Pro|
PM Accruals Rankings
42 of 7600
5 of 269 in Consumer Defensive
1 of 8 in Tobacco
Fool May 25
Reuters - UK Focus May 24
Fool May 23
Fool May 23