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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Schmitt Industries's Revenue for the
three
months ended in May. 2022 was $1.32 Mil. Schmitt Industries's average Accounts Receivable for the
three
months ended in May. 2022 was $0.84 Mil.
Hence, Schmitt Industries's Receivables Turnover for the
three
months ended in May. 2022 was 1.57.
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Schmitt Industries Receivables Turnover Related Terms
Schmitt Industries Receivables Turnover Historical Data
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The historical data trend for Schmitt Industries's Receivables Turnover 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.
SMIT vs WHD, VAL, NOV: Receivables Turnover Comparison
For the Scientific & Technical Instruments subindustry, Schmitt Industries's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Schmitt Industries's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Receivables Turnover 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 Receivables Turnover of 1.57 as of May. 2022. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Receivables Turnover too high?
Schmitt Industries' current Receivables Turnover is 1.57. The Hardware industry median Receivables Turnover is 5.04. Schmitt Industries' value of 1.57 is 68.8% 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' Receivables Turnover compare to WHD and VAL?
Schmitt Industries' Receivables Turnover of 1.57 can be compared against companies in the Hardware industry. The industry median Receivables Turnover is 5.04. Schmitt Industries' value of 1.57 is 68.8% 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 Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 5.04, based on 2,462 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Schmitt Industries's current Receivables Turnover of 1.57 is 68.8% 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 Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Schmitt Industries and its competitors. For the Hardware industry, the median Receivables Turnover is 5.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schmitt Industries's current Receivables Turnover is 1.57. 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 Receivables Turnover of 1.57. The current Receivables Turnover is 1.57 and 68.8% below the Hardware industry median of 5.04. 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 Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Receivables Turnover is 1.57 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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