SMIT (Schmitt Industries) ROCE %: -83.81% (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries ROCE %?

Schmitt Industries SMIT 12 ROCE % is -83.81% as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Schmitt Industries's annualized ROCE % for the quarter that ended in May. 2022 was -83.81%.

Schmitt Industries  (OTCPK:SMIT) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Schmitt Industries ROCE % Related Terms

Schmitt Industries ROCE % Historical Data

* Premium members only.

The historical data trend for Schmitt Industries's ROCE % 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 ROCE % Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.88 -16.06 -18.21 -62.08 -21.32

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
ROCE % 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 -88.33 -38.88 57.73 -23.43 -83.81
SMIT
12GF Score
Schmitt Industries Inc SMIT
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Schmitt Industries ROCE % Calculation

Schmitt Industries's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2022 )  (A: May. 2021 )(A: May. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2022 )  (A: May. 2021 )(A: May. 2022 )
=-3.643/( ( (21.174 - 4.009) + (22.839 - 5.828) )/ 2 )
=-3.643/( (17.165+17.011)/ 2 )
=-3.643/17.088
=-21.32 %

Schmitt Industries's ROCE % of for the quarter that ended in May. 2022 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: May. 2022 )  (Q: Feb. 2022 )(Q: May. 2022 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: May. 2022 )  (Q: Feb. 2022 )(Q: May. 2022 )
=-14.032/( ( (20.353 - 3.877) + (22.839 - 5.828) )/ 2 )
=-14.032/( ( 16.476 + 17.011 )/ 2 )
=-14.032/16.7435
=-83.81 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of -83.81% mean?
Schmitt Industries (SMIT) has a ROCE % of -83.81% as of May. 2022.
Is Schmitt Industries' ROCE % too high?
Schmitt Industries' current ROCE % is -83.81%. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' ROCE % compare to WHD and VAL?
Schmitt Industries' ROCE % of -83.81% can be compared against companies in the Hardware industry. The industry median ROCE % is 5.83. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Hardware company?
The median ROCE % among Hardware companies is 5.83, based on 2,444 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Hardware industry, the median ROCE % is 5.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Schmitt Industries's current ROCE % is -83.81%. 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 ROCE % of -83.81%. The current ROCE % is -83.81%. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current ROCE % is -83.81% 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

Address 2765 North West Nicolai Street, Portland, OR, USA, 97210
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.
12GF Score

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