Piedmont Natural Gas (PNY)
Piedmont Natural Gas Accruals: 51.58M
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PNY Accruals Rankings
| Overall | 91st percentile | 361 of 4311 |
| Sector | 96th percentile | 4 of 112 in Utilities |
| Industry | 96th percentile | 1 of 27 in Gas Utilities |
PNY Accruals Range, Past 5 Years
| Minimum | -262.82M | Apr 2010 |
| Maximum | 171.72M | Oct 2008 |
| Average | -26.97M |
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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PNY News
about 12 hours ago by tooezy4me
May 29, 10:36AM PR Newswire
about 15 days ago by RecogniaEvents
about 84 days ago by DynamicDividend
Mar 08, 11:07AM Street Insider
about 85 days ago by earningscast
about 87 days ago by ScholzCapital
about 92 days ago by StockTwits
about 92 days ago by DynamicDividend
Feb 27, 8:53AM PR Newswire
about 135 days ago by MarketBrief
about 149 days ago by earningscast
about 266 days ago by Benzinga
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PNY | 30.30 | +0.63 | +2.12% | 2.146B |
| PNX | 1.61 | -0.02 | -1.23% | 189.59M |
| PNW | 49.35 | +0.50 | +1.02% | 5.337B |
| PLX | 6.42 | +0.07 | +1.10% | 576.71M |
| PLUS | 31.43 | -0.27 | -0.85% | 255.50M |
| PLUG | 1.17 | +0.02 | +1.62% | 43.49M |
| PLT | 30.08 | -0.46 | -1.51% | 1.313B |
| PLPC | 54.81 | -1.51 | -2.68% | 292.14M |
| PLOW | 12.78 | -0.12 | -0.93% | 285.48M |
| PLNR | 1.85 | +0.05 | +2.78% | 36.67M |