SMIT (Schmitt Industries) Inventories, Work In Process: $0.06 Mil (As of May. 2022)


SMIT Schmitt Industries Inc SMIT
12 GF Score
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What is Schmitt Industries Inventories, Work In Process?

Schmitt Industries SMIT 12 Inventories, Work In Process is $0.06 Mil as of May. 2022. GuruFocus rates SMIT with a GF Score™ of 12/100.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. Schmitt Industries's work in process for the quarter that ended in May. 2022 was $0.06 Mil.

Schmitt Industries Inventories, Work In Process Historical Data

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The historical data trend for Schmitt Industries's Inventories, Work In Process 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 Inventories, Work In Process Chart

Schmitt Industries Annual Data
Trend May13 May14 May15 May16 May17 May18 May19 May20 May21 May22
Inventories, Work In Process
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.01 0.38 0.53 0.04 0.06

Schmitt Industries Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
Inventories, Work In Process 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 0.04 0.03 0.03 0.05 0.06
SMIT
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Schmitt Industries Inc SMIT
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
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Schmitt Industries Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of $0.06 Mil mean?
Schmitt Industries (SMIT) has a Inventories, Work In Process of $0.06 Mil as of May. 2022. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Schmitt Industries and its competitors.
Is Schmitt Industries' Inventories, Work In Process too high?
Schmitt Industries' current Inventories, Work In Process is $0.06 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' Inventories, Work In Process compare to WHD and VAL?
Schmitt Industries' Inventories, Work In Process of $0.06 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 Inventories, Work In Process for a Hardware company?
A good Inventories, Work In Process depends on the Hardware industry context. However, Inventories, Work In Process 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 Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on Schmitt Industries and its competitors. Schmitt Industries's current Inventories, Work In Process is $0.06 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 Inventories, Work In Process of $0.06 Mil. The current Inventories, Work In Process is $0.06 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 Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For Schmitt Industries (SMIT), the current Inventories, Work In Process is $0.06 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.
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Inventories, Work In Process is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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