SMIT (Schmitt Industries) Total Assets: $22.84 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Total Assets?

Schmitt Industries SMIT 12 Total Assets is $22.84 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Schmitt Industries's Total Assets for the quarter that ended in May. 2022 was $22.84 Mil.

Total Assets is connected with ROA %. Schmitt Industries's annualized ROA % for the quarter that ended in May. 2022 was -57.33%. Total Assets is also linked to Revenue through Asset Turnover. Schmitt Industries's Asset Turnover for the quarter that ended in May. 2022 was 0.06.

Schmitt Industries  (OTCPK:SMIT) Total Assets Explanation

Total Assets is connected with ROA %.

Schmitt Industries's annualized ROA % for the quarter that ended in May. 2022 is

ROA %=Net Income (Q: May. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: May. 2022 ))/ count )
=-12.38/( (20.353+22.839)/ 2 )
=-12.38/21.596
=-57.33 %

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

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Schmitt Industries's Asset Turnover for the quarter that ended in May. 2022 is

Asset Turnover
=Revenue (Q: May. 2022 )/( (Total Assets (Q: Feb. 2022 )+Total Assets (Q: May. 2022 ))/ count )
=1.323/( (20.353+22.839)/ 2 )
=1.323/21.596
=0.06

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Schmitt Industries Total Assets Related Terms

Schmitt Industries Total Assets Historical Data

* Premium members only.

The historical data trend for Schmitt Industries's Total 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 Total Assets Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Total Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.29 9.87 13.20 21.17 22.84

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Total Assets 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 21.17 19.96 23.29 20.35 22.84
SMIT
12GF Score
Schmitt Industries Inc SMIT
Total Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Schmitt Industries's Total Assets for the fiscal year that ended in May. 2022 is calculated as

Total Assets=Total Equity (A: May. 2022 )+Total Liabilities (A: May. 2022 )
=0.605+22.234
=22.84

Schmitt Industries's Total Assets for the quarter that ended in May. 2022 is calculated as

Total Assets=Total Equity (Q: May. 2022 )+Total Liabilities (Q: May. 2022 )
=0.605+22.234
=22.84

* 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 Total Assets →
What does a Total Assets of $22.84 Mil mean?
Schmitt Industries (SMIT) has a Total Assets of $22.84 Mil as of May. 2022. The total amount of assets as recorded on a company's balance sheet. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Total Assets too high?
Schmitt Industries' current Total Assets is $22.84 Mil. Overall, Schmitt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Schmitt Industries' Total Assets compare to WHD and VAL?
Schmitt Industries' Total Assets of $22.84 Mil 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 Total Assets for a Hardware company?
A good Total Assets depends on the Hardware industry context. However, Total 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 Total Assets mean?
A high Total Assets can signal that a stock is expensive relative to its fundamentals. The total amount of assets as recorded on a company's balance sheet. View historical data on Schmitt Industries and its competitors. Schmitt Industries's current Total Assets is $22.84 Mil. 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 Total Assets of $22.84 Mil. The current Total Assets is $22.84 Mil. 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 Total Assets calculated?
Total Assets is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Total Assets is $22.84 Mil 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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Total Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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