Schmitt Industries (STU:SI1A) Change In Receivables : €-0.02 Mil (TTM As of May. 2022)

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What is Schmitt Industries Change In Receivables?

Schmitt Industries's change in receivables for the quarter that ended in May. 2022 was €-0.21 Mil. It means Schmitt Industries's Accounts Receivable increased by €0.21 Mil from Feb. 2022 to May. 2022 .

Schmitt Industries's change in receivables for the fiscal year that ended in May. 2022 was €-0.01 Mil. It means Schmitt Industries's Accounts Receivable increased by €0.01 Mil from May. 2021 to May. 2022 .

Schmitt Industries's Accounts Receivable for the quarter that ended in May. 2022 was €0.71 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. Schmitt Industries's Days Sales Outstanding for the three months ended in May. 2022 was 51.82.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Schmitt Industries's liquidation value for the three months ended in May. 2022 was €-18.82 Mil.

Schmitt Industries Change In Receivables Historical Data

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

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Schmitt Industries Change In Receivables Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Change In Receivables

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0.27

-0.13

0.05

-0.66

-0.01

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 Receivables	Get a 7-Day Free Trial															-0.34	0.15	-0.34	0.38	-0.21

Schmitt Industries Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 €-0.02 Mil.

Schmitt Industries (STU:SI1A) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.711	/	1.252	*	91
=	51.82

2. In Ben Graham's calculation of liquidation value, Schmitt Industries's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	0.994	-	21.033	+	0.75 * 0.711	+	0.5 * 1.366
=	-18.82

Schmitt Industries Change In Receivables Related Terms

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Schmitt Industries (STU:SI1A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Schmitt Industries Inc (STU:SI1A) » Definitions » Change In Receivables

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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.

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