SMGI (SMG Industries) Current Accrued Expense: $6.76 Mil (As of Sep. 2023)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SMGI SMG Industries Inc SMGI
12 GF Score
Price $0.00
View Full Analysis

What is SMG Industries Current Accrued Expense?

SMG Industries SMGI 12 Current Accrued Expense is $6.76 Mil as of Sep. 2023. GuruFocus rates SMGI with a GF Score™ of 12/100.

SMG Industries's Current Accrued Expense for the quarter that ended in Sep. 2023 was $6.76 Mil.

SMG Industries's quarterly Current Accrued Expense declined from Mar. 2023 ($3.21 Mil) to Jun. 2023 ($2.77 Mil) but then increased from Jun. 2023 ($2.77 Mil) to Sep. 2023 ($6.76 Mil).

SMG Industries's annual Current Accrued Expense increased from Dec. 2020 ($2.34 Mil) to Dec. 2021 ($3.60 Mil) but then declined from Dec. 2021 ($3.60 Mil) to Dec. 2022 ($2.57 Mil).

SMG Industries Current Accrued Expense Historical Data

* Premium members only.

The historical data trend for SMG Industries's Current Accrued Expense 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.

SMG Industries Current Accrued Expense Chart

SMG Industries Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Current Accrued Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.10 0.22 2.34 3.60 2.57

SMG Industries Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Current Accrued Expense 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 2.60 2.57 3.21 2.77 6.76
SMGI
12GF Score
SMG Industries Inc SMGI
Current Accrued Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SMG Industries Current Accrued Expense Calculation

Current Accrued Expense is the expense incurred during the accounting period, but not required to be paid until a later date. It includes compensation, interest, pensions and all other miscellaneous accruals reported by the company.

What does a Current Accrued Expense of $6.76 Mil mean?
SMG Industries (SMGI) has a Current Accrued Expense of $6.76 Mil as of Sep. 2023. Current Accrued Expense records the total amount of accrued expenses. View historical data on SMG Industries and its competitors.
Is SMG Industries' Current Accrued Expense too high?
SMG Industries' current Current Accrued Expense is $6.76 Mil. Overall, SMG Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does SMG Industries' Current Accrued Expense compare to SND and PFIE?
SMG Industries' Current Accrued Expense of $6.76 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Current Accrued Expense for an Oil & Gas company?
A good Current Accrued Expense depends on the Oil & Gas industry context. However, Current Accrued Expense 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 Current Accrued Expense mean?
A high Current Accrued Expense can signal that a stock is expensive relative to its fundamentals. Current Accrued Expense records the total amount of accrued expenses. View historical data on SMG Industries and its competitors. SMG Industries's current Current Accrued Expense is $6.76 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMG Industries stock overvalued right now?
SMG Industries (SMGI) has a current Current Accrued Expense of $6.76 Mil. The current Current Accrued Expense is $6.76 Mil. SMG Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Current Accrued Expense calculated?
Current Accrued Expense is calculated from a company's financial statements. For SMG Industries (SMGI), the current Current Accrued Expense is $6.76 Mil as of Sep. 2023. 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.

SMG Industries Business Description

Industry EnergyOil & Gas
Address State Highway 249, Suite 450, Houston, TX, USA, 77070
SMG Industries Inc is an oilfield service company that is a growth-oriented midstream, logistics, and oilfield services company that operates throughout the domestic Southwest United States. It offers an expanding suite of products and services across the oilfield market segments of drilling, completion, and production.
12GF Score

Get the complete analysis for SMGI

Current Accrued Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.00
Price