Taoping's (NASDAQ:TAOP) Shareholders Should Assess Earnings With Caution [Yahoo! Finance]
Taoping Inc. - Ordinary Shares (TAOP)
Company Research
Source: Yahoo! Finance
View our latest analysis for Taoping Examining Cashflow Against Taoping's Earnings Many investors haven't heard of the accrual ratio from cashflow , but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking.
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TAOP
Sec Filings
- 9/5/24 - Form 424B3
- 9/5/24 - Form 6-K
- TAOP's page on the SEC website