SMID (Smith-Midland) Inventory Turnover: 2.44 (As of Mar. 2026)

What is Smith-Midland Inventory Turnover?

Smith-Midland SMID -1.32% 90 Inventory Turnover is 2.44 as of Mar. 2026. GuruFocus rates SMID with a GF Score™ of 90/100 and a GF Value™ of $42.76 (Modestly Undervalued). The stock has 1 warning sign investors should review.

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Smith-Midland's Cost of Goods Sold for the three months ended in Mar. 2026 was $17.27 Mil. Smith-Midland's Average Total Inventories for the quarter that ended in Mar. 2026 was $7.07 Mil. Smith-Midland's Inventory Turnover for the quarter that ended in Mar. 2026 was 2.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Smith-Midland's Days Inventory for the three months ended in Mar. 2026 was 37.37.

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. Smith-Midland's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.33.

Smith-Midland (NAS:SMID) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Smith-Midland's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	7.0725	/	17.269	*	365 / 4
	=	37.37

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.

Smith-Midland's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	7.0725	/	21.572
	=	0.33

* 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

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Smith-Midland Inventory Turnover Related Terms

Smith-Midland Inventory Turnover Historical Data

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The historical data trend for Smith-Midland's Inventory Turnover can be seen below:

Smith-Midland Inventory Turnover Chart

Smith-Midland Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Inventory Turnover

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14.38

12.21

10.91

9.89

9.91

Smith-Midland Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															2.22	2.51	2.08	2.37	2.44

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Smith-Midland Corp SMID

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Smith-Midland Inventory Turnover Calculation

Smith-Midland's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

	Inventory Turnover (A: Dec. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2025 )	/ (	(Total Inventories (A: Dec. 2024 )	+	Total Inventories (A: Dec. 2025 ))	/	count )
=	67.408	/ (	(6.677	+	6.928)	/	2 )
=	67.408	/	6.8025
=	9.91

Smith-Midland's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Dec. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	17.269	/ (	(6.928	+	7.217)	/	2 )
=	17.269	/	7.0725
=	2.44

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 2.44 mean?

Smith-Midland (SMID) has a Inventory Turnover of 2.44 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Smith-Midland and its competitors.

Is Smith-Midland's Inventory Turnover too high?

Smith-Midland's current Inventory Turnover is 2.44. Overall, Smith-Midland has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Smith-Midland's Inventory Turnover compare to PHCI and RETO?

Smith-Midland's Inventory Turnover of 2.44 can be compared against companies in the Building Materials industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Building Materials company?

A good Inventory Turnover depends on the Building Materials industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Smith-Midland and its competitors. Smith-Midland's current Inventory Turnover is 2.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Smith-Midland stock overvalued right now?

Based on GuruFocus' analysis, Smith-Midland (SMID) is currently considered Modestly Undervalued. The stock's GF Value™ is $42.76, compared to a current price of $30.19 — trading 29.4% below its estimated fair value. The current Inventory Turnover is 2.44. Smith-Midland's overall GF Score™ is 90/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Smith-Midland (SMID), the current Inventory Turnover is 2.44 as of Mar. 2026. 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.

Is Smith-Midland (SMID) Overvalued in 2026?

Based on GuruFocus' analysis, Smith-Midland stock appears to be undervalued. The current stock price of $30.19 is trading 29.4% below its estimated GF Value™ of $42.76. GuruFocus considers Smith-Midland to be Modestly Undervalued.

Key valuation signals for SMID:

Inventory Turnover: 2.44
GF Value™: $42.76 vs. price of $30.19 (29.4% below fair value)
GF Score™: 90/100 with 1 warning sign

No single metric tells the full story. See the SMID stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Smith-Midland Business Description

Industry Basic Materials Building Materials

Comparable Companies PHCI RETO BASA CAPS CRH XSWX:HOLN SHSE:600176 VMC XTER:HEI MLM BOM:532538 XSWX:AMRZ NSE:GRASIM MEX:CEMEXCPO JHX SHSE:600585 NSA:DCP BOM:500425 BOM:500387 MIL:BZU

Address 5119 Catlett Road, P.O. Box 300, Midland, VA, USA, 22728

Website https://www.smithmidland.com

Smith-Midland Corp through its subsidiaries invents, develops, manufactures, markets, sells, and installs precast concrete products for primary use in the construction, highway, utilities, and farming industries. The firm's customers are general contractors and federal, state, and local transportation authorities. Its products include Slenderwall, JJhooks, Softsound, Sierra Wall and Easi set. A substantial portion of the company's business is derived from local, state, and federal building projects. The company generates revenues predominantly from the sale, leasing, licensing, shipping, and installation of precast concrete products for the construction, utility, and farming industries.

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$30.19

Price

$42.76

GF Value

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