Schmitt Industries Inc Asset Turnover Ratio (SMIT), as of fourth quarter 2022, current and historic results, rankings and more - CSIMarket
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• Sales per Employee
• Income per Employee
• Inventory Turnover
• Asset Turnover
• Receivables Turnover
Schmitt Industries Inc   (NASDAQ: SMIT)
    Sector • Technology    Industry • IT Infrastructure
   Industry • IT Infrastructure
   Sector • Technology
 

Schmitt Industries Inc Asset Turnover Ratio

Quarterly Results, Trends, Rankings, Statistics

Due to the increase in investments during the fourth quarter 2022, Schmitt Industries Inc 's asset turnover ratio sequentially decreased to 0.46 in the fourth quarter (May 31 2022), this is lower than usual.

Within sector 8 more businesses have achieved higher asset turnover ratio. While Asset turnover ratio total ranking has improved so far during the IV Quarter 2022, to 1148, from total ranking in the third quarter 2022 at 1219.

Asset Turnover Ratio Definition


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SMIT Asset 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 Asset Change 7.87 % -8.65 % -7.16 % -26.57 % 60.39 %
Y / Y Revenue Change -50.23 % 10.82 % 45.93 % 149.37 % 174.92 %
Asset Turnover Ratio (TTM) 0.46 0.53 0.51 0.46 0.33
SMIT's Total Ranking # 1148 # 1219 # 2062 # 2095 # 2095
Seq. Asset Change 11.45 % -12.32 % 16.7 % -5.41 % -5.61 %
Seq. Revenue Change -28.44 % -37.58 % -21.21 % 41.39 % 59.35 %



Asset Turnover Ratio Company Ranking
Within: No.
IT Infrastructure Industry # 9
Technology Sector # 134
Overall Market # 1148

Asset Turnover Ratio Statistics
High Average Low
10.36 6.33 4.17
(Aug 31 2021)   (Aug 31 2020)




SMIT Company Profile • Back to SMIT Efficiency Comparisons • Compare SMIT Asset Turnover Ratio to its Competitors



Companies with similar Asset Turnover Ratio for the quarter ending May 31 2022, within Technology Sector Asset Turnover Ratio Revenues for 12 Months ending May 31 2022 Assets at quarter ending May 31 2022
Ultra Clean Holdings Inc   1.18 $ 2,341.600  Millions$ 1,976.600  Millions
Moving Image Technologies Inc   1.18 $ 18.351  Millions$ 15.506  Millions
Where Food Comes From Inc   1.17 $ 23.838  Millions$ 20.391  Millions
Lantronix Inc   1.16 $ 129.655  Millions$ 111.527  Millions
Identiv Inc   1.14 $ 110.532  Millions$ 96.703  Millions
Pctel Inc   1.13 $ 95.937  Millions$ 84.544  Millions
Nixxy Inc   1.13 $ 28.620  Millions$ 25.222  Millions
Apple Inc   1.12 $ 387,542.000  Millions$ 347,243.750  Millions
Park ohio Holdings Corp  1.11 $ 1,575.400  Millions$ 1,414.600  Millions
Universal Electronics Inc   1.11 $ 574.200  Millions$ 516.285  Millions
Destiny Media Technologies Inc   1.11 $ 4.064  Millions$ 3.657  Millions
Cognizant Technology Solutions Corporation  1.10 $ 19,253.000  Millions$ 17,444.000  Millions
Neophotonics Corp  1.10 $ 348.627  Millions$ 316.164  Millions
Playstudios Inc   1.10 $ 365.687  Millions$ 331.652  Millions
Metalert Inc   1.10 $ 0.432  Millions$ 0.394  Millions
Mobilesmith Inc.  1.09 $ 1.382  Millions$ 1.267  Millions
Materion Corporation  1.09 $ 1,679.599  Millions$ 1,540.041  Millions
Diebold Nixdorf Incorporated  1.09 $ 3,699.300  Millions$ 3,398.175  Millions
Extreme Networks Inc   1.08 $ 1,112.321  Millions$ 1,028.063  Millions
Napco Security Technologies inc  1.08 $ 143.593  Millions$ 133.353  Millions
Dell Technologies Inc   1.07 $ 108,927.000  Millions$ 101,398.250  Millions
Ftc Solar Inc   1.07 $ 234.984  Millions$ 218.839  Millions
Leidos Holdings Inc   1.07 $ 14,065.000  Millions$ 13,114.750  Millions
Adtran Holdings Inc   1.07 $ 618.795  Millions$ 579.050  Millions
Iteris inc   1.07 $ 133.154  Millions$ 124.774  Millions
Amkor Technology Inc   1.07 $ 6,507.328  Millions$ 6,106.363  Millions
Corecard Corporation  1.06 $ 65.471  Millions$ 61.605  Millions
Astronova Inc   1.05 $ 121.826  Millions$ 115.513  Millions
Franklin Covey Co   1.05 $ 252.980  Millions$ 240.292  Millions
Kulicke And Soffa Industries Inc   1.05 $ 1,702.633  Millions$ 1,623.362  Millions



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