Schmitt Industries (Schmitt Industries) Days Inventory : 168.42 (As of May. 2022)

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What is Schmitt Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Schmitt Industries's Average Total Inventories for the three months ended in May. 2022 was $1.82 Mil. Schmitt Industries's Cost of Goods Sold for the three months ended in May. 2022 was $0.99 Mil. Hence, Schmitt Industries's Days Inventory for the three months ended in May. 2022 was 168.42.

The historical rank and industry rank for Schmitt Industries's Days Inventory or its related term are showing as below:

SMIT's Days Inventory is not ranked ^*
in the Hardware industry.
Industry Median: 103.77
* Ranked among companies with meaningful Days Inventory only.

Schmitt Industries's Days Inventory declined from May. 2021 (203.16) to May. 2022 (168.42).

Inventory Turnover measures how fast the company turns over its inventory within a year. Schmitt Industries's Inventory Turnover for the three months ended in May. 2022 was 0.54.

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 three months ended in May. 2022 was 1.37.

Schmitt Industries Days Inventory Historical Data

The historical data trend for Schmitt Industries's Days 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.

* Premium members only.

Schmitt Industries Days Inventory Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Days Inventory

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231.33

428.63

187.47

119.26

101.96

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Days Inventory	Get a 7-Day Free Trial															203.16	95.47	124.15	178.15	168.42

Competitive Comparison of Schmitt Industries's Days Inventory

For the Scientific & Technical Instruments subindustry, Schmitt Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Schmitt Industries's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Schmitt Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Schmitt Industries's Days Inventory falls into.

Schmitt Industries Days Inventory Calculation

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 fiscal year that ended in May. 2022 is calculated as

	Days Inventory (A: May. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2021 )	+	Total Inventories (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (1.251	+	1.444)	/	2 )	/	4.824	*	365
=	1.3475					/	4.824	*	365
=	101.96

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

	Days Inventory (Q: May. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Feb. 2022 )	+	Total Inventories (Q: May. 2022 ))	/	count )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
=	( (2.192	+	1.444)	/	2 )	/	0.985	*	365 / 4
=	1.818					/	0.985	*	365 / 4
=	168.42

Schmitt Industries (OTCPK:SMIT) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.985	/	1.818
	=	0.54

2. 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 three months ended in May. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.818	/	1.323
	=	1.37

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Schmitt Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of Schmitt Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Schmitt Industries (Schmitt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (OTCPK:SMIT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

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.

Executives

Dustin Henderson	other: Shareholder	11125 N PARK BLVD, STE 106, SEMINOLE FL 33772
Kristi Michelle Smaha	director	C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210-1818
Alexandre Zyngier	director	5700 W. PLANO PARKWAY, SUITE 3600, PLANO TX 75093
Philip Bosco	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Lillian Tung	director	45 WEST 67TH STREET, 10D, NEW YORK NY 10023
Michael R. Zapata	officer: Chief Executive Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Andrews P Hines	director
Steven Strom	director	2765 NW NICOLAI STREET, PORTLAND OR 97210
Charles Davidson	director	C/O SCHMITT INDUSTRIES, INC., 2765 N.W. NICOLAI STREET, PORTLAND OR 97210
Jamie Michael Schmidt	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Walter Brown Pistor	10 percent owner	2415 KALAMA RIVER ROAD, KALAMA WA 98625
Regina Walker	officer: Chief Financial Officer	2765 NW NICOLAI STREET, PORTLAND OR 97210
Michael Ellsworth	director	SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210
David Hudson	director	SCHMITT INDUSTRIES, INC., 2765 NW NICOLAI, PORTLAND OR 97210
Maynard E Brown	director	1595 - 19TH STREET, WEST VANCOUVER A1 V7V 3X5