Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.
Schmitt Industries's operating assets for the quarter that ended in May. 2022 was $21.79 Mil. Schmitt Industries's operating liabilities for the quarter that ended in May. 2022 was $3.85 Mil. Schmitt Industries's Total Assets for the quarter that ended in Feb. 2022 was $20.35 Mil. Therefore, Schmitt Industries's scaled net operating assets (SNOA) for the quarter that ended in May. 2022 was 0.88.
Schmitt Industries Scaled Net Operating Assets Related Terms
Schmitt Industries Scaled Net Operating Assets Historical Data
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The historical data trend for Schmitt Industries's Scaled Net Operating Assets 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 Scaled Net Operating Assets Chart
SMIT vs WHD, VAL, NOV: Scaled Net Operating Assets Comparison
For the Scientific & Technical Instruments subindustry, Schmitt Industries's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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 Scaled Net Operating Assets vs Hardware Industry
For the Hardware industry and Technology sector, Schmitt Industries's Scaled Net Operating Assets distribution charts can be found below:
* The bar in red indicates where Schmitt Industries's Scaled Net Operating Assets 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.
What does a Scaled Net Operating Assets of 0.88 mean?
Schmitt Industries (SMIT) has a Scaled Net Operating Assets of 0.88 as of May. 2022. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Scaled Net Operating Assets too high?
Schmitt Industries' current Scaled Net Operating Assets is 0.88. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Scaled Net Operating Assets compare to WHD and VAL?
Schmitt Industries' Scaled Net Operating Assets of 0.88 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Hardware company?
A good Scaled Net Operating Assets depends on the Hardware industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Schmitt Industries and its competitors. Schmitt Industries's current Scaled Net Operating Assets is 0.88. 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 Scaled Net Operating Assets of 0.88. The current Scaled Net Operating Assets is 0.88. 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 Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Scaled Net Operating Assets is 0.88 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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