Export to Excel Export to OpenOffice.org Print version

Siemens AG (SI) | Aggregate Accruals

See also

ˇ Show More

Earnings can be decomposed into cash and accrual components. The accrual component (aggregate accruals) has been found to have less persistence than the cash component, and therefore (1) earnings with higher accrual component are less persistent than earnings with smaller accrual component, all else equal; and (2) the cash component of earnings should receive a higher weighting evaluating company performance.


Balance-Sheet-Based Accruals Ratio

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

Siemens AG, balance sheet computation of aggregate accruals

USD $ in millions, translated from EUR €

Export to Excel Export to OpenOffice.org
    Sep 30, 2011 Sep 30, 2010 Sep 30, 2009 Sep 30, 2008 Sep 30, 2007 Sep 30, 2006
  Operating Assets
chart Total assets
chart Less: Cash and cash equivalents
chart Less: Available-for-sale financial assets
chart Operating assets
  Operating Liabilities
chart Total liabilities
chart Less: Short-term debt and current maturities of long-term debt
chart Less: Long-term debt
chart Operating liabilities
   
chart Net operating assets1
chart Balance-sheet-based aggregate accruals2  
  Balance-Sheet-Based Accruals Ratio, Comparison to Industry
chart Siemens AG3 % % % % %  
  Industry, Industrials % % % % %  

2011 Calculations

1 Net operating assets = Operating assets – Operating liabilities
= – =

2 Balance-sheet-based aggregate accruals = Net operating assets 2011 – Net operating assets 2010
= – =

3 Balance-sheet-based accruals ratio = 100 × Balance-sheet-based aggregate accruals ÷ Avg. net operating assets
= 100 × ÷ [( + ) ÷ 2] = %

Ratio Description The company
Balance-sheet-based accruals ratio Ratio is found by dividing balance-sheet-based aggregate accruals by average net operating assets. Using the balance-sheet-based accruals ratio, Siemens AG improved earnings quality from 2010 to 2011.

Top

Cash-Flow-Statement-Based Accruals Ratio

You have visited 10 password protected pages for free. Others contain data covered by .

Sign Up Now to get full access to whole website and cut out all advertisements.

Siemens AG, cash flow statement computation of aggregate accruals

USD $ in millions, translated from EUR €

Export to Excel Export to OpenOffice.org
    Sep 30, 2011 Sep 30, 2010 Sep 30, 2009 Sep 30, 2008 Sep 30, 2007 Sep 30, 2006
chart Net income attributable to shareholders of Siemens AG
chart Less: Net cash provided by (used in) operating activities
chart Less: Net cash provided by (used in) investing activities
chart Cash-flow-statement-based aggregate accruals
  Cash-Flow-Statement-Based Accruals Ratio, Comparison to Industry
chart Siemens AG1 % % % % %  
  Industry, Industrials % % % % %  

2011 Calculations

1 Cash-flow-statement-based accruals ratio = 100 × Cash-flow-statement-based aggregate accruals ÷ Avg. net operating assets
= 100 × ÷ [( + ) ÷ 2] = %

Ratio Description The company
Cash-flow-statement-based accruals ratio Ratio is found by dividing cash-flow-statement-based aggregate accruals by average net operating assets. Using the cash-flow-statement-based accruals ratio, Siemens AG improved earnings quality from 2010 to 2011.

Top

May 24, 2012

Existing users sign in

Forgot your password?

Basic Materials

Consumer Goods

Consumer Services

Health Care

Industrials

Oil & Gas

Technology

Telecommunications