SMIT (Schmitt Industries) Accounts Payable: $0.84 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Accounts Payable?

Schmitt Industries SMIT 12 Accounts Payable is $0.84 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's Accounts Payable for the quarter that ended in May. 2022 was $0.84 Mil.

Schmitt Industries's quarterly Accounts Payable declined from Nov. 2021 ($0.68 Mil) to Feb. 2022 ($0.56 Mil) but then increased from Feb. 2022 ($0.56 Mil) to May. 2022 ($0.84 Mil).

Schmitt Industries's annual Accounts Payable increased from May. 2020 ($0.27 Mil) to May. 2021 ($0.58 Mil) and increased from May. 2021 ($0.58 Mil) to May. 2022 ($0.84 Mil).

Schmitt Industries Accounts Payable Related Terms

Schmitt Industries Accounts Payable Historical Data

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The historical data trend for Schmitt Industries's Accounts 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.

Schmitt Industries Accounts Payable Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Accounts Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.02 0.10 0.27 0.58 0.84

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Accounts Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.58 0.60 0.68 0.56 0.84
SMIT
12GF Score
Schmitt Industries Inc SMIT
Accounts Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Accounts Payable Calculation

Accounts Payable represents any money that a company owes its suppliers for goods and services purchased on credit and is expected to pay within the next year or operating cycle.

Frequently Asked Questions Learn more about Accounts Payable →
What does a Accounts Payable of $0.84 Mil mean?
Schmitt Industries (SMIT) has a Accounts Payable of $0.84 Mil as of May. 2022. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Accounts Payable too high?
Schmitt Industries' current Accounts Payable is $0.84 Mil. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Accounts Payable compare to WHD and VAL?
Schmitt Industries' Accounts Payable of $0.84 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accounts Payable for a Hardware company?
A good Accounts Payable depends on the Hardware industry context. However, Accounts Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accounts Payable mean?
A high Accounts Payable can signal that a stock is expensive relative to its fundamentals. Accounts Payable is any money that a company owes for goods and services purchased on credit and is expected to pay within the next year. View historical data on Schmitt Industries and its competitors. Schmitt Industries's current Accounts Payable is $0.84 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Schmitt Industries stock overvalued right now?
Schmitt Industries (SMIT) has a current Accounts Payable of $0.84 Mil. The current Accounts Payable is $0.84 Mil. Schmitt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accounts Payable calculated?
Accounts Payable is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Accounts Payable is $0.84 Mil as of May. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Schmitt Industries Business Description

Address 2765 North West Nicolai Street, Portland, OR, USA, 97210
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. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.
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