Union Drilling (UDRL)
Union Drilling Accruals: -12.67M
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UDRL Accruals Rankings
| Overall | 35th percentile | 2772 of 4310 |
| Sector | 47th percentile | 260 of 494 in Basic Materials |
| Industry | 69th percentile | 19 of 62 in Oil & Gas Drilling & Exploration |
UDRL Accruals Range, Past 5 Years
| Minimum | -28.83M | Mar 2009 |
| Maximum | -4.023M | Jun 2007 |
| Average | -13.25M |
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.
Learn More
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UDRL News
May 04, 9:40AM Street Insider
Apr 05, 4:05PM PR Newswire
about 86 days ago by Benzinga
Jan 13, 6:00AM PR Newswire
Jan 03, 6:00AM PR Newswire
Nov 01, 7:29AM Street Insider
about 303 days ago by Benzinga
about 318 days ago by Trade4Me
about 362 days ago by mykaljohncox
about 400 days ago by BobtheBuilder
about 413 days ago by elwalvador
about 414 days ago by szaman
about 417 days ago by fallondpicks
about 417 days ago by JoshuaHayes
about 418 days ago by WorstTraderEver
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| UDRL | 4.53 | -0.10 | -2.16% | 116.81M |
| UDR | 25.36 | -0.55 | -2.10% | 5.785B |
| UDOW | 42.97 | -3.08 | -6.69% | |
| UDN | 26.08 | +0.05 | +0.19% | |
| UCTT | 5.73 | -0.23 | -3.86% | 137.62M |
| UCO | 27.10 | -2.21 | -7.54% | |
| UCFC | 2.10 | +0.01 | +0.48% | 68.72M |
| TSCM | 1.63 | +0.06 | +3.82% | |
| TS | 30.50 | -0.68 | -2.18% | 18.40B |
| TRX | 4.09 | +0.17 | +4.34% | 392.08M |
