SMIT (Schmitt Industries) Tax Rate %: -0.09% (As of May. 2022)

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SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Tax Rate %?

Schmitt Industries SMIT 12 Tax Rate % is -0.09% as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Schmitt Industries's Tax Expense for the three months ended in May. 2022 was $0.00 Mil. Schmitt Industries's Pre-Tax Income for the three months ended in May. 2022 was $-3.52 Mil. Therefore, Schmitt Industries's Tax Rate % for the quarter that ended in May. 2022 was -0.09%.

Schmitt Industries Tax Rate % Related Terms

Schmitt Industries Tax Rate % Historical Data

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The historical data trend for Schmitt Industries's Tax Rate % 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 Tax Rate % Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.97 -0.62 0.81 4.47 -0.51

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Tax Rate % 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 -0.03 -0.56 -0.08 -0.77 -0.09
SMIT
12GF Score
Schmitt Industries Inc SMIT
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Schmitt Industries's Tax Rate % for the fiscal year that ended in May. 2022 is calculated as

Tax Rate %=Tax Expense (A: May. 2022 )/Pre-Tax Income (A: May. 2022 )
=0.019/-3.69
=-0.51 %

Schmitt Industries's Tax Rate % for the quarter that ended in May. 2022 is calculated as

Tax Rate %=Tax Expense (Q: May. 2022 )/Pre-Tax Income (Q: May. 2022 )
=0.003/-3.517
=-0.09 %

* 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 Tax Rate % →
What does a Tax Rate % of -0.09% mean?
Schmitt Industries (SMIT) has a Tax Rate % of -0.09% as of May. 2022.
Is Schmitt Industries' Tax Rate % too high?
Schmitt Industries' current Tax Rate % is -0.09%. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Tax Rate % compare to WHD and VAL?
Schmitt Industries' Tax Rate % of -0.09% 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 Tax Rate % for a Hardware company?
A good Tax Rate % depends on the Hardware industry context. However, Tax Rate % 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 Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Schmitt Industries's current Tax Rate % is -0.09%. 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 Tax Rate % of -0.09%. The current Tax Rate % is -0.09%. 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 Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Tax Rate % is -0.09% 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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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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