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Should I be concerned about quality of earnings, based on trend analysis, of cash flow accruals: Walmart Inc., cash flow statement computation of aggregate accruals

Should I be concerned about quality of earnings, based on trend analysis, of cash flow accruals:

Walmart Inc., cash flow statement computation of aggregate accruals

USD $ in millions

Jan 31, 2018

Jan 31, 2017

Jan 31, 2016

Jan 31, 2015

Jan 31, 2014

Consolidated net income attributable to Walmart

9,862

13,643

14,694

16,363

16,022

Less: Net cash provided by operating activities

28,337

31,530

27,389

28,564

23,257

Less: Net cash used in investing activities

-9,060

-13,987

-10,675

-11,125

-12,298

Cash-flow-statement-based aggregate accruals

-9,415

-3,900

-2,020

-1,076

5,063

Ratio

Cash-flow-statement-based accruals ratio

-7.84%

-3.19%

-1.60%

-0.83%

3.88%

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