Schmitt Industries (STU:SI1A) Change In Inventory : €-0.13 Mil (TTM As of May. 2022)

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What is Schmitt Industries Change In Inventory?

Schmitt Industries's change in inventory for the quarter that ended in May. 2022 was €0.43 Mil. It means Schmitt Industries's inventory declined by €0.43 Mil from Feb. 2022 to May. 2022 .

Schmitt Industries's change in inventory for the fiscal year that ended in May. 2022 was €-0.18 Mil. It means Schmitt Industries's inventory increased by €0.18 Mil from May. 2021 to May. 2022 .

Schmitt Industries's Total Inventories for the quarter that ended in May. 2022 was €1.37 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Schmitt Industries's Days Inventory for the quarter that ended in May. 2022 was 161.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Schmitt Industries's Inventory Turnover for the quarter that ended in May. 2022 was 0.57.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Schmitt Industries's Inventory-to-Revenue for the quarter that ended in May. 2022 was 1.32.

Schmitt Industries Change In Inventory Historical Data

The historical data trend for Schmitt Industries's Change In Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Schmitt Industries Change In Inventory Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Change In Inventory

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-1.26

-0.01

0.17

-0.13

-0.18

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Change In Inventory	Get a 7-Day Free Trial															0.13	-0.24	-	-0.32	0.43

Schmitt Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.13 Mil.

Schmitt Industries (STU:SI1A) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Schmitt Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1.6485	/	0.932	*	365 / 4
	=	161.40

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Schmitt Industries's Inventory Turnover for the quarter that ended in May. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.932	/	1.6485
	=	0.57

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Schmitt Industries's Inventory to Revenue for the quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.6485	/	1.252
	=	1.32

Schmitt Industries Change In Inventory Related Terms

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Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Change In Inventory

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Address

2765 North West Nicolai Street, Portland, OR, USA, 97210

Website

https://www.schmittindustries.com

Schmitt Industries Inc is engaged in propane tank monitoring solutions, precision measurement solutions, and ice cream production and distribution. The Company operates as two reportable segments: the Measurement Segment and the Ice Cream Segment. Xact product line includes satellite-focused remote tank monitoring products and related monitoring services for markets in the IoT environment. The Company also manufactures, wholesales, and retails ice cream and related products.

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