Schmitt Industries Inc (SMIT) Inventory Turnover Ratio, from fourth quarter 2022 to fourth quarter 2021, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Schmitt Industries Inc   (NASDAQ: SMIT)
    Sector • Technology    Industry • IT Infrastructure
   Industry • IT Infrastructure
   Sector • Technology
 

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 235 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?



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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 % 267.13 %
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.
IT Infrastructure Industry # 39
Technology Sector # 236
Overall Market # 1480

Inventory Turnover Ratio Statistics
High Average Low
3.04 1.68 1.03
(Feb 28 2022)   (Feb 28 2013)



SMIT Company Profile >> Back to SMIT Efficiency Comparisons >> Compare SMIT Inventory Turnover Ratio to its Competitors

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
IT Infrastructure Industry Inventory Turnover Trends and Statistics
Technology Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
SMIT's Inventory Turnover Ratio versus IT Infrastructure 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
Maxar Technologies Inc   9.16 $ 362.000  Millions$ 40  Millions
Creative Realities Inc   8.96 $ 19.034  Millions$ 2  Millions
Netscout Systems Inc   8.73 $ 217.490  Millions$ 25  Millions
Darkpulse Inc   8.60 $ 13.000  Millions$ 2  Millions
Trimble Inc   8.58 $ 3,128.700  Millions$ 365  Millions
Dna X 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
Bnb Plus Corp   7.75 $ 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   7.25 $ 2.332  Millions$ 0  Millions
Juniper Networks Inc   7.09 $ 2,140.400  Millions$ 302  Millions
Csp inc  6.97 $ 30.725  Millions$ 4  Millions
Quarta rad Inc   6.96 $ 0.777  Millions$ 0  Millions
Broadcom Inc   6.88 $ 10,873.000  Millions$ 1,581  Millions
Scworx Corp   6.78 $ 62.423  Millions$ 9  Millions
Onespan Inc   6.76 $ 71.754  Millions$ 11  Millions
Dirtt Environmental Solutions Ltd  6.71 $ 139.584  Millions$ 21  Millions
Synaptics Incorporated  6.55 $ 796.600  Millions$ 122  Millions
Aktis Oncology Inc   6.54 $ 19.416  Millions$ 3  Millions
Par Technology Corporation  6.48 $ 246.285  Millions$ 38  Millions
Cts Corporation  6.40 $ 347.070  Millions$ 54  Millions
Mayville Engineering Company inc   6.34 $ 443.123  Millions$ 70  Millions
Hp inc   6.30 $ 51,974.000  Millions$ 8,249  Millions
Airspan Networks Holdings Inc   6.21 $ 105.113  Millions$ 17  Millions
Vpr Brands Lp  6.08 $ 3.571  Millions$ 1  Millions
Seagate Technology Holdings Plc  6.03 $ 8,192.000  Millions$ 1,359  Millions

Date modified: 2026-09-08T15:10:43+00:00




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