Schnitzer Steel Industries (SCHN)
Schnitzer Steel Industries Accruals: -117.90M
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SCHN Accruals Rankings
| Overall | 9th percentile | 3881 of 4311 |
| Sector | 18th percentile | 403 of 492 in Basic Materials |
| Industry | 19th percentile | 24 of 30 in Steel & Iron |
SCHN Accruals Range, Past 5 Years
| Minimum | -117.90M | Feb 2012 |
| Maximum | 117.58M | May 2008 |
| Average | -18.25M |
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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SCHN News
May 21, 11:47AM Benzinga
about 14 days ago by TradeIdeasQuant
May 18, 1:52PM Street Insider
May 18, 12:33PM Fox Business
May 18, 12:09PM Benzinga
May 18, 10:31AM Street Insider
about 14 days ago by TradeBot
May 18, 9:47AM Street Insider
May 18, 9:01AM Benzinga
May 17, 4:11PM Street Insider
about 22 days ago by Val_U_Investor
May 01, 7:32AM Street Insider
about 39 days ago by MomentumPartnersLLC
about 46 days ago by azendrian
about 50 days ago by TradeIdeasQuant
about 57 days ago by TradeBot
about 57 days ago by earningscast
about 57 days ago by DynamicDividend
about 76 days ago by RecogniaEvents
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SCHN | 26.08 | -1.28 | -4.68% | 745.83M |
| SCHL | 26.95 | -0.33 | -1.21% | 847.04M |
| SCHG | 31.75 | -0.15 | -0.48% | |
| SCHA | 34.13 | -0.09 | -0.27% | |
| SCG | 46.95 | +0.37 | +0.79% | 6.074B |
| SCCO | 28.45 | -0.25 | -0.87% | 24.40B |
| SCC | 50.66 | +0.11 | +0.23% | |
| SCBT | 33.89 | +0.26 | +0.77% | 472.84M |
| SBX | 8.48 | +0.03 | +0.35% | 188.77M |
| SBUX | 54.89 | +0.16 | +0.29% | 41.23B |
