Progress Software Corporation (PRGS)
Progress Software Corporation Accruals: -31.04M
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PRGS Accruals Rankings
| Overall | 23rd percentile | 3317 of 4311 |
| Sector | 22nd percentile | 613 of 793 in Technology |
| Industry | 20th percentile | 65 of 82 in Application Software |
PRGS Accruals Range, Past 5 Years
| Minimum | -35.25M | Feb 2010 |
| Maximum | 3.513M | Nov 2011 |
| Average | -13.52M |
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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PRGS News
May 31, 9:35AM Business Wire
May 15, 8:00AM Business Wire
May 07, 9:19AM Street Insider
May 07, 8:46AM Street Insider
May 07, 8:46AM Benzinga
Apr 26, 8:45AM Street Insider
about 37 days ago by TradeIdeasQuant
Apr 23, 9:51AM Benzinga
Mar 29, 7:53AM Street Insider
about 65 days ago by earningscast
Mar 21, 8:00AM Business Wire
Mar 14, 8:00AM Business Wire
Mar 12, 4:35PM Business Wire
about 129 days ago by Benzinga
about 139 days ago by MarketBrief
about 149 days ago by 1973Hog
about 149 days ago by earningscast
about 149 days ago by Street_Insider
about 149 days ago by Benzinga
about 169 days ago by TheEquitiesRoom
about 169 days ago by TER_Intraday
about 213 days ago by MarketBrief
about 225 days ago by MarketBrief
about 232 days ago by MarketBrief
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| PRGS | 19.22 | -0.01 | -0.05% | 1.192B |
| PRGO | 103.89 | -0.74 | -0.71% | 9.762B |
| PRGN | 0.58 | +0.00 | +0.00% | 34.72M |
| PNR | 40.76 | -0.10 | -0.24% | 4.030B |
| PNQI | 37.80 | -0.18 | -0.47% | |
| PNNT | 9.75 | +0.11 | +1.14% | 528.85M |
| PNM | 18.65 | +0.13 | +0.70% | 1.475B |
| PNFP | 17.06 | +0.01 | +0.06% | 590.27M |
| PNF | 12.05 | -0.03 | -0.25% | |
| PNC | 61.42 | +0.07 | +0.11% | 32.37B |