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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 Average Total Inventories for the quarter that ended in May. 2022 was $1.82 Mil. Schmitt Industries's Revenue for the three months ended in May. 2022 was $1.32 Mil. Schmitt Industries's Inventory-to-Revenue for the quarter that ended in May. 2022 was 1.37.
Schmitt Industries's Inventory-to-Revenue for the quarter that ended in May. 2022 increased from Feb. 2022 (1.09) to Feb. 2022 (1.37)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueDays Inventory indicates the number of days of goods in sales that a company has in the inventory. Schmitt Industries's Days Inventory for the three months ended in May. 2022 was 168.42.
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 0.54.
The historical data trend for Schmitt Industries's Inventory-to-Revenue 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.
Schmitt Industries Annual Data | |||||||||||||||||||||
Trend | May13 | May14 | May15 | May16 | May17 | May18 | May19 | May20 | May21 | May22 | |||||||||||
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.36 | 0.74 | 0.27 | 0.21 | 0.14 |
Schmitt Industries Quarterly Data | ||||||||||||||||||||
Aug17 | Nov17 | Feb18 | May18 | Aug18 | Nov18 | Feb19 | May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | |
Inventory-to-Revenue | Get a 7-Day Free Trial | 4.12 | 0.41 | 0.62 | 1.09 | 1.37 |
For the Scientific & Technical Instruments subindustry, Schmitt Industries's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
For the Hardware industry and Technology sector, Schmitt Industries's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Inventory-to-Revenue falls into.
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 fiscal year that ended in May. 2022 is calculated as
Inventory-to-Revenue (A: May. 2022 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (A: May. 2021 ) | + | Total Inventories (A: May. 2022 )) | / | count ) | / | Revenue (A: May. 2022 ) |
= | ( (1.251 | + | 1.444) | / | 2 ) | / | 9.893 |
= | 1.3475 | / | 9.893 | ||||
= | 0.14 |
Schmitt Industries's Inventory-to-Revenue for the quarter that ended in May. 2022 is calculated as
Inventory-to-Revenue (Q: May. 2022 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (Q: Feb. 2022 ) | + | Total Inventories (Q: May. 2022 )) | / | count ) | / | Revenue (Q: May. 2022 ) |
= | ( (2.192 | + | 1.444) | / | 2 ) | / | 1.323 |
= | 1.818 | / | 1.323 | ||||
= | 1.37 |
* 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.
Schmitt Industries (OTCPK:SMIT) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueLikewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenueMore Related Terms:
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 three months ended in May. 2022 is calculated as:
Days Inventory | = | Average Total Inventories (Q: May. 2022 ) | / | Cost of Goods Sold (Q: May. 2022 ) | * | Days in Period |
= | 1.818 | / | 0.985 | * | 365 / 4 | |
= | 168.42 |
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 (Q: May. 2022 ) | / | Average Total Inventories (Q: May. 2022 ) |
= | 0.985 | / | 1.818 | |
= | 0.54 |
* 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.
Thank you for viewing the detailed overview of Schmitt Industries's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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