Schmitt Industries (STU:SI1A) Days Payable : 63.05 (As of May. 2022)

View and export this data going back to 2021. Start your Free Trial

What is Schmitt Industries Days Payable?

Schmitt Industries's average Accounts Payable for the three months ended in May. 2022 was €0.64 Mil. Schmitt Industries's Cost of Goods Sold for the three months ended in May. 2022 was €0.93 Mil. Hence, Schmitt Industries's Days Payable for the three months ended in May. 2022 was 63.05.

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

STU:SI1A's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 67.93
* Ranked among companies with meaningful Days Payable only.

Schmitt Industries's Days Payable declined from May. 2021 (82.91) to May. 2022 (63.05). It may suggest that Schmitt Industries accelerated paying its suppliers.

Schmitt Industries Days Payable Historical Data

The historical data trend for Schmitt Industries's Days Payable 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 Payable Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Days Payable

Get a 7-Day Free Trial

51.35

66.05

30.05

45.47

51.06

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 Payable	Get a 7-Day Free Trial															82.91	36.27	42.98	54.53	63.05

Competitive Comparison of Schmitt Industries's Days Payable

For the Scientific & Technical Instruments subindustry, Schmitt Industries's Days Payable, along with its competitors' market caps and Days Payable 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 Payable Distribution in the Hardware Industry

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

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

Schmitt Industries Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Schmitt Industries's Days Payable for the fiscal year that ended in May. 2022 is calculated as

	Days Payable (A: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2021 )	+	Accounts Payable (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (0.479	+	0.798)	/	2 )	/	4.564	*	365
=	0.6385					/	4.564	*	365
=	51.06

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

	Days Payable (Q: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2022 )	+	Accounts Payable (Q: May. 2022 ))	/	count )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
=	( (0.49	+	0.798)	/	2 )	/	0.932	*	365 / 4
=	0.644					/	0.932	*	365 / 4
=	63.05

Schmitt Industries Days Payable Related Terms

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

Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Days Payable

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.

Schmitt Industries (STU:SI1A) Headlines

No Headlines