SMIT (Schmitt Industries) Construction In Progress: $0.56 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
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What is Schmitt Industries Construction In Progress?

Schmitt Industries SMIT 12 Construction In Progress is $0.56 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's quarterly construction in progress increased from Nov. 2021 ($0.66 Mil) to Feb. 2022 ($0.83 Mil) but then declined from Feb. 2022 ($0.83 Mil) to May. 2022 ($0.56 Mil).

Schmitt Industries's annual construction in progress increased from May. 2020 ($0.00 Mil) to May. 2021 ($0.32 Mil) and increased from May. 2021 ($0.32 Mil) to May. 2022 ($0.56 Mil).

Schmitt Industries Construction In Progress Historical Data

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The historical data trend for Schmitt Industries's Construction In Progress 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 Construction In Progress Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.32 0.56

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Construction In Progress 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 0.32 0.51 0.66 0.83 0.56
SMIT
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Schmitt Industries Inc SMIT
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $0.56 Mil mean?
Schmitt Industries (SMIT) has a Construction In Progress of $0.56 Mil as of May. 2022. Construction in Progress records the amount of construction work that is not complete. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Construction In Progress too high?
Schmitt Industries' current Construction In Progress is $0.56 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' Construction In Progress compare to WHD and VAL?
Schmitt Industries' Construction In Progress of $0.56 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 Construction In Progress for a Hardware company?
A good Construction In Progress depends on the Hardware industry context. However, Construction In Progress 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 Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Schmitt Industries and its competitors. Schmitt Industries's current Construction In Progress is $0.56 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 Construction In Progress of $0.56 Mil. The current Construction In Progress is $0.56 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 Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Construction In Progress is $0.56 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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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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