Sims Metal Management (SMS)
Sims Metal Management Accruals
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SMS Accruals Range, Past 5 Years
| Minimum | -461.60M | Jun 2009 |
| Maximum | 91.57M | Jun 2010 |
| Average | -151.41M |
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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SMS News
May 29, 10:25AM Street Insider
Apr 20, 8:26AM Street Insider
about 80 days ago by DynamicDividend
Feb 08, 5:03PM Business Wire
Jan 24, 9:13PM Business Wire
Jan 18, 12:54AM JCN Newswire
Jan 17, 9:25AM Benzinga
Jan 17, 9:24AM Business Wire
Aug 26, 8:29AM Street Insider
Aug 22, 8:28AM Street Insider
Aug 08, 9:20AM Business Wire
about 530 days ago by Xiphos_Trading
about 605 days ago by dividata
about 616 days ago by Xiphos_Trading
about 634 days ago by Xiphos_Trading
about 773 days ago by steve_ascendere
about 791 days ago by steve_ascendere
about 820 days ago by paulwoll
about 1021 days ago by CompoundinTrade
about 1085 days ago by flaljee
about 1092 days ago by UrbaneGorilla
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SMS | 10.56 | -0.13 | -1.22% | 2.201B |
| SMRT | 6.95 | +0.02 | +0.29% | 300.07M |
| SMP | 13.30 | +0.15 | +1.14% | 300.21M |
| SMMF | 5.27 | +0.12 | +2.33% | 39.16M |
| SFL | 15.27 | +0.01 | +0.07% | 1.208B |
| SFI | 5.67 | +0.00 | +0.00% | 475.32M |
| SFE | 15.11 | +0.04 | +0.27% | 312.70M |
| SFD | 19.81 | +0.00 | +0.00% | 3.189B |
| SF | 31.41 | -0.12 | -0.38% | 1.694B |
| SEV | 7.35 | -0.36 | -4.63% | 25.50M |