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The historical rank and industry rank for Schmitt Industries's Days Inventory or its related term are showing as below:
SMIT's Days Inventory is not ranked *
in the Hardware industry.
Industry Median: 96.145 * Ranked among companies with meaningful Days Inventory only.
Schmitt Industries's Days Inventory
declined
from May. 2021 (203.16) to May. 2022 (168.42).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Schmitt Industries's Inventory Turnover for the
three
months 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
three
months ended in May. 2022 was 1.37.
Schmitt Industries (OTCPK:SMIT) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Schmitt Industries's Inventory Turnover for the
three
months ended in May. 2022 is calculated as
2. 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
three
months ended in May. 2022 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Schmitt Industries Days Inventory Related Terms
Schmitt Industries Days Inventory Historical Data
* Premium members only.
The historical data trend for Schmitt Industries's Days 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.
For the Scientific & Technical Instruments subindustry, Schmitt Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Schmitt Industries Days Inventory vs Hardware Industry
For the Hardware industry and Technology sector, Schmitt Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Days Inventory falls into.
* 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 (SMIT) has a Days Inventory of 168.42 as of May. 2022. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Days Inventory too high?
Schmitt Industries' current Days Inventory is 168.42. The Hardware industry median Days Inventory is 96.15. Schmitt Industries' value of 168.42 is 75.2% above this industry median. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Days Inventory compare to WHD and VAL?
Schmitt Industries' Days Inventory of 168.42 can be compared against companies in the Hardware industry. The industry median Days Inventory is 96.15. Schmitt Industries' value of 168.42 is 75.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Hardware company?
The median Days Inventory among Hardware companies is 96.15, based on 2,406 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Schmitt Industries's current Days Inventory of 168.42 is 75.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Schmitt Industries and its competitors. For the Hardware industry, the median Days Inventory is 96.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schmitt Industries's current Days Inventory is 168.42. 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 Days Inventory of 168.42. The current Days Inventory is 168.42 and 75.2% above the Hardware industry median of 96.15. 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 Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Days Inventory is 168.42 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 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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