SMIT (Schmitt Industries) Change In Inventory: $-0.19 Mil (TTM As of May. 2022)

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SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Change In Inventory?

Schmitt Industries SMIT 12 Change In Inventory is $-0.19 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's change in inventory for the quarter that ended in May. 2022 was $0.45 Mil. It means Schmitt Industries's inventory declined by $0.45 Mil from Feb. 2022 to May. 2022 .

Schmitt Industries's change in inventory for the fiscal year that ended in May. 2022 was $-0.19 Mil. It means Schmitt Industries's inventory increased by $0.19 Mil from May. 2021 to May. 2022 .

Schmitt Industries's Total Inventories for the quarter that ended in May. 2022 was $1.44 Mil.

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 quarter that 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.

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 quarter that ended in May. 2022 was 1.37.

Schmitt Industries  (OTCPK:SMIT) Change In Inventory Explanation

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 quarter that ended in is calculated as:

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

3. 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 quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=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 Change In Inventory Related Terms

Schmitt Industries Change In Inventory Historical Data

* Premium members only.

The historical data trend for Schmitt Industries's Change In 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.

Schmitt Industries Change In Inventory Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.49 -0.01 0.18 -0.15 -0.19

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Change In Inventory 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 0.16 -0.28 -0.00 -0.37 0.45
SMIT
12GF Score
Schmitt Industries Inc SMIT
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in May. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.19 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-0.19 Mil mean?
Schmitt Industries (SMIT) has a Change In Inventory of $-0.19 Mil as of May. 2022. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Schmitt Industries and its competitors.
Is Schmitt Industries' Change In Inventory too high?
Schmitt Industries' current Change In Inventory is $-0.19 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' Change In Inventory compare to WHD and VAL?
Schmitt Industries' Change In Inventory of $-0.19 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 Change In Inventory for a Hardware company?
A good Change In Inventory depends on the Hardware industry context. However, Change In Inventory 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 Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Schmitt Industries and its competitors. Schmitt Industries's current Change In Inventory is $-0.19 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 Change In Inventory of $-0.19 Mil. The current Change In Inventory is $-0.19 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 Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Change In Inventory is $-0.19 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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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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