SMIT (Schmitt Industries) Days Payable: 64.85 (As of May. 2022)

What is Schmitt Industries Days Payable?

Schmitt Industries SMIT 12 Days Payable is 64.85 as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's average Accounts Payable for the three months ended in May. 2022 was $0.70 Mil. Schmitt Industries's Cost of Goods Sold for the three months ended in May. 2022 was $0.99 Mil. Hence, Schmitt Industries's Days Payable for the three months ended in May. 2022 was 64.85.

The historical rank and industry rank for Schmitt Industries's Days Payable or its related term are showing as below:

SMIT's Days Payable is not ranked ^*
in the Hardware industry.
Industry Median: 69.93
* Ranked among companies with meaningful Days Payable only.

Schmitt Industries's Days Payable declined from May. 2021 (82.76) to May. 2022 (64.85). It may suggest that Schmitt Industries accelerated paying its suppliers.

Schmitt Industries Days Payable Related Terms

Schmitt Industries Days Payable Historical Data

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The historical data trend for Schmitt Industries's Days Payable 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 Days Payable Chart

Schmitt Industries Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Days Payable

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49.57

69.49

30.24

43.88

53.95

Schmitt Industries Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
Days Payable	Get a 7-Day Free Trial															82.76	36.84	43.62	54.71	64.85

SMIT vs WHD, VAL, NOV: Days Payable Comparison

For the Scientific & Technical Instruments subindustry, Schmitt Industries's Days Payable, along with its competitors' market caps and Days Payable 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 Payable vs Hardware Industry

For the Hardware industry and Technology sector, Schmitt Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Schmitt Industries's Days Payable falls into.

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Schmitt Industries Inc SMIT

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Schmitt Industries Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Schmitt Industries's Days Payable for the fiscal year that ended in May. 2022 is calculated as

	Days Payable (A: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2021 )	+	Accounts Payable (A: May. 2022 ))	/	count )	/	Cost of Goods Sold (A: May. 2022 )	*	Days in Period
=	( (0.582	+	0.844)	/	2 )	/	4.824	*	365
=	0.713					/	4.824	*	365
=	53.95

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

	Days Payable (Q: May. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Feb. 2022 )	+	Accounts Payable (Q: May. 2022 ))	/	count )	/	Cost of Goods Sold (Q: May. 2022 )	*	Days in Period
=	( (0.556	+	0.844)	/	2 )	/	0.985	*	365 / 4
=	0.7					/	0.985	*	365 / 4
=	64.85

Frequently Asked Questions Learn more about Days Payable →

What does a Days Payable of 64.85 mean?

Schmitt Industries (SMIT) has a Days Payable of 64.85 as of May. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Schmitt Industries and its competitors.

Is Schmitt Industries' Days Payable too high?

Schmitt Industries' current Days Payable is 64.85. The Hardware industry median Days Payable is 69.93. Schmitt Industries' value of 64.85 is 7.3% below 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 Payable compare to WHD and VAL?

Schmitt Industries' Days Payable of 64.85 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.93. Schmitt Industries' value of 64.85 is 7.3% below 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 Payable for a Hardware company?

The median Days Payable among Hardware companies is 69.93, based on 2,437 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Schmitt Industries's current Days Payable of 64.85 is 7.3% below 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 Payable mean?

A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Schmitt Industries and its competitors. For the Hardware industry, the median Days Payable is 69.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schmitt Industries's current Days Payable is 64.85. 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 Payable of 64.85. The current Days Payable is 64.85 and 7.3% below the Hardware industry median of 69.93. 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 Payable calculated?

Days Payable is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Days Payable is 64.85 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

Industry Technology Hardware

Comparable Companies WHD VAL NOV SDPI BOOM HAL MRC PFIE RNGR SOI TSE:6861 OSTO:HEXA B KEYS FTV GRMN TDY TRMB CGNX TSE:7701 MKSI

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. The company manufactures and sells products in two core product lines, Acuity Lasers and Xact Tank Monitoring.

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$0.03

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