Texas Pacific Land Trust (TPL)
Texas Pacific Land Trust Accruals: -2.630M
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TPL Accruals Rankings
| Overall | 53rd percentile | 2017 of 4310 |
| Sector | 52nd percentile | 410 of 862 in Financial |
| Industry | 19th percentile | 12 of 15 in Real Estate Development |
TPL Accruals Range, Past 5 Years
| Minimum | -3.000M | Mar 2011 |
| Maximum | 1.618M | Jun 2008 |
| Average | -0.5061M |
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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TPL News
Apr 12, 4:27AM Benzinga
about 605 days ago by imadaytrading
about 738 days ago by timothydh
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| TPL | 57.00 | -0.22 | -0.38% | 531.57M |
| TPI | 0.5149 | +0.03 | +7.27% | 15.14M |
| TPGI | 4.73 | -0.01 | -0.21% | 176.75M |
| TPCG | 30.85 | -0.74 | -2.34% | 494.38M |
| TPC | 11.05 | -0.19 | -1.69% | 531.99M |
| TOWR | 11.38 | -1.28 | -10.11% | 249.15M |
| TOWN | 12.22 | -0.20 | -1.61% | 357.70M |
| TOTS | 34.10 | +0.00 | +0.00% | |
| TOT | 42.17 | -0.90 | -2.09% | 101.81B |
| TORMD | 17.14 | -0.11 | -0.63% |
