Teekay Tankers (TNK)
Teekay Tankers Accruals: -3.50M
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TNK Accruals Rankings
| Overall | 50th percentile | 2146 of 4310 |
| Sector | 60th percentile | 329 of 837 in Services |
| Industry | 78th percentile | 9 of 41 in Shipping |
TNK Accruals Range, Past 5 Years
| Minimum | -103.17M | Dec 2008 |
| Maximum | 8.22M | Jun 2008 |
| Average | -13.61M |
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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TNK News
about 3 days ago by kami_ss
about 10 days ago by TeekayCorp
about 15 days ago by TeekayTankers
about 15 days ago by TeekayTankers
about 15 days ago by TeekayTankers
May 17, 9:02AM Benzinga
about 16 days ago by RecogniaEvents
about 16 days ago by TeekayTankers
about 16 days ago by TeekayTankers
about 21 days ago by TeekayCorp
about 22 days ago by CharlesSizemore
about 23 days ago by tokyobonbon
May 07, 4:10PM Marketwire
about 38 days ago by TeekayCorp
about 44 days ago by RecogniaEvents
about 44 days ago by nobr3ga
about 45 days ago by TeekayTankers
about 46 days ago by TeekayTankers
Apr 16, 4:45PM Street Insider
Apr 16, 4:41PM Marketwire
about 50 days ago by contrarian1
about 52 days ago by darrellheaps
Feb 13, 9:27AM Marketwire
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TNK | 3.98 | -0.09 | -2.21% | 262.03M |
| TNH | 200.25 | +0.21 | +0.10% | 3.701B |
| TNGO | 18.00 | -1.31 | -6.78% | 660.98M |
| TNGN | 0.28 | -0.01 | -1.75% | 6.829M |
| TNE | 10.99 | +0.00 | +0.00% | 4.205B |
| TNDM | 13.57 | +0.13 | +0.97% | 426.71M |
| TNC | 40.96 | -1.24 | -2.94% | 797.58M |
| TNB | 71.99 | +0.00 | +0.00% | 3.758B |
| STD | 5.335 | +0.01 | +0.28% | 47.40B |
| STC | 13.47 | -0.36 | -2.60% | 267.33M |