Transocean (RIG)
Transocean Accruals: -498.00M
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RIG Accruals Rankings
| Overall | 3rd percentile | 4156 of 4311 |
| Sector | 5th percentile | 467 of 492 in Basic Materials |
| Industry | 6th percentile | 57 of 61 in Oil & Gas Drilling & Exploration |
RIG Accruals Range, Past 5 Years
| Minimum | -6.682B | Dec 2011 |
| Maximum | 131.00M | Dec 2007 |
| Average | -709.45M |
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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RIG News
about a day ago by mytfine
about a day ago by TradeIdeasQuant
about a day ago by Pokytime
about 7 days ago by Vegastrader
about 7 days ago by Pokytime
May 22, 12:45PM Street Insider
May 18, 11:48AM Thomson Reuters ONE
about 15 days ago by mytfine
May 04, 3:23PM Street Insider
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| RIG | 40.83 | -0.53 | -1.28% | 14.49B |
| RICK | 7.88 | -0.01 | -0.13% | 76.30M |
| RIC | 5.86 | -0.16 | -2.66% | 199.92M |
| RHT | 51.35 | -0.18 | -0.35% | 9.953B |
| RES | 10.39 | -0.25 | -2.35% | 2.335B |
| RENT | 16.28 | +0.07 | +0.43% | 178.31M |
| RENN | 4.74 | +0.19 | +4.18% | 1.168B |
| REN | 8.75 | +0.11 | +1.27% | 526.52M |
| REMX | 13.49 | -0.06 | -0.47% | |
| REM | 14.02 | +0.01 | +0.07% |
