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Schmitt Industries Inc   (SMIT)
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Schmitt Industries Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Schmitt Industries Inc 's inventory turnover ratio, the ratio that measures Schmitt Industries Inc 's ability to manage its supply chain, sequentially decreased to 2.64 in the fourth quarter 2022, but it does not raise any concerns as Schmitt Industries Inc continue to execute well, and the inventory turnover ratio remains above the average. Schmitt Industries Inc 's average inventory processing period in the May 31 2022 quarter, has increased to 138 days, from 120 days, in the Feb 28 2022 quarter.

Within Technology sector 228 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1408 in the third quarter 2022, to 1480.

SMIT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Schmitt Industries Inc Market Share?

What is Inventory Turnover Ratio?


SMIT Inventory Turnover Ratio (May 31 2022)
IV. Quarter
(Feb 28 2022)
III. Quarter
(Nov 30 2021)
II. Quarter
(Aug 31 2021)
I. Quarter
(May 31 2021)
IV. Quarter
Y / Y Inventory Growth -7.07 % 9.63 % 4.49 % -1.48 % 46.63 %
Y / Y Cost of Sales Growth -44.94 % 22.93 % 25.64 % 63.27 % 164.29 %
Inventory Turnover Ratio (TTM) 2.64 3.04 3.01 2.89 2.56
SMIT's Total Ranking # 1480 # 1408 # 1373 # 1390 # 1502
Average inventory processing period 138 120 121 126 142
Seq. Inventory Growth -34.31 % 20.06 % 0.06 % 17.77 % -22.51 %
Seq. Cost of Sales Growth -4.3 % -23.27 % -8.7 % -17.87 % 113.66 %



Inventory Turnover Ratio Company Ranking
Within: No.
Electronic Instruments & Controls Industry # 39
Technology Sector # 229
Overall Market # 1480

Inventory Turnover Ratio Statistics
High Average Low
3.04 1.79 1.36
(Feb 28 2022)   (March 31, 2015)




Financial Statements
Schmitt Industries Inc 's Inventories $ 1 Millions Visit SMIT's Balance sheet
Schmitt Industries Inc 's Cost of Revenues TTM $ 5 Millions Visit SMIT's Income Statement
What are SMIT's Sales? Visit SMIT's Sales by Segment

Other Inventory Turnover Ratios
Schmitt Industries Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Electronic Instruments & Controls Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
SMIT's Inventory Turnover Ratio versus Electronic Instruments & Controls Industry, Technology Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for SMIT's Competitors
Inventory Turnover Ratio for SMIT's Suppliers
Inventory Turnover Ratio for SMIT's Customers

You may also want to know
SMIT's Sales Growth Rates SMIT's Pe Price to earnings ratio SMIT's Receivables Turnover Ratio SMIT's Stock Quote
SMIT's Net Income Growth Rates SMIT's Ps Price to Sales ratio SMIT's Sales per Employee SMIT's Asset Turnover Ratio
SMIT's Net Margin SMIT's Pb Price to Book ratio SMIT's Financial Strength Ratios SMIT's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending May 31 2022, within Technology Sector Inventory Turnover Ratio Cost of revenues at quarter ending May 31 2022 Inventories at quarter ending May 31 2022
Creative Realities Inc   8.96 $ 19.034  Millions$ 2  Millions
Cisco Systems Inc   8.89 $ 19,309.000  Millions$ 2,173  Millions
Calamp Corp   8.86 $ 165.805  Millions$ 19  Millions
Netscout Systems Inc   8.85 $ 217.490  Millions$ 25  Millions
Darkpulse Inc   8.60 $ 13.000  Millions$ 2  Millions
Trimble Inc   8.58 $ 3,128.700  Millions$ 365  Millions
Sonim Technologies Inc   8.29 $ 49.917  Millions$ 6  Millions
Netlist Inc  8.09 $ 154.564  Millions$ 19  Millions
Fg Group Holdings Inc   7.97 $ 25.816  Millions$ 3  Millions
Itron Inc   7.93 $ 1,362.220  Millions$ 172  Millions
Applied Dna Sciences inc   7.86 $ 10.320  Millions$ 1  Millions
Ribbon Communications inc   7.67 $ 431.678  Millions$ 56  Millions
Magnachip Semiconductor Corporation  7.66 $ 289.672  Millions$ 38  Millions
Avid Technology Inc   7.31 $ 144.653  Millions$ 20  Millions
Meta Materials Inc   7.21 $ 2.317  Millions$ 0  Millions
Akoustis Technologies Inc   7.12 $ 19.941  Millions$ 3  Millions
Juniper Networks Inc   7.09 $ 2,140.400  Millions$ 302  Millions
Quarta rad Inc   6.96 $ 0.777  Millions$ 0  Millions
Csp inc  6.89 $ 30.725  Millions$ 4  Millions
Broadcom Inc   6.88 $ 10,873.000  Millions$ 1,581  Millions
Metalert Inc   6.87 $ 0.645  Millions$ 0  Millions
Onespan Inc   6.76 $ 71.754  Millions$ 11  Millions
Dirtt Environmental Solutions Ltd  6.71 $ 139.584  Millions$ 21  Millions
Par Technology Corporation  6.48 $ 246.285  Millions$ 38  Millions
Cts Corporation  6.40 $ 347.070  Millions$ 54  Millions
Hp inc   6.16 $ 52,510.000  Millions$ 8,521  Millions
Rumbleon Inc   6.12 $ 1,301.182  Millions$ 212  Millions
Seagate Technology Holdings Plc  5.94 $ 8,192.000  Millions$ 1,380  Millions
Synaptics Incorporated  5.93 $ 796.600  Millions$ 134  Millions
Odysight ai Inc   5.85 $ 1.624  Millions$ 0  Millions

Date modified: 2022-10-15T12:38:51+00:00



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