Schmitt Industries (STU:SI1A) Receivables Turnover : 1.63 (As of May. 2022)

Schmitt Industries Receivables Turnover Chart

Schmitt Industries Annual Data
	Trend	May13	May14	May15	May16	May17	May18	May19	May20	May21	May22
Receivables Turnover		Get a 7-Day Free Trial					6.10	3.68	7.04	8.18	14.28

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Receivables Turnover	Get a 7-Day Free Trial															0.47	4.46	2.54	1.60	1.63

Competitive Comparison of Schmitt Industries's Receivables Turnover

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

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

* The bar in red indicates where Schmitt Industries's Receivables Turnover falls into.

Schmitt Industries Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

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

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

* 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  (STU:SI1A) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Schmitt Industries Receivables Turnover Related Terms

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Schmitt Industries (STU:SI1A) Business Description