Schmitt Industries Inc 's ability to collect accounts receivable sequentially worsen to 9.76, indicating more challenging environment then in the third quarter 2022, but still, it is a far cry from any concerns. Schmitt Industries Inc 's Accounts Receivable average collection period in the May 31 2022 quarter, has increased to 37 days, from 36 days, in the Feb 28 2022 quarter.

If we take a look into Technology sector 133 other companies have achieved higher receivables turnover ratio. While receivables turnover ratio total ranking has improved thus far to 1148, from overall ranking in the third quarter 2022 at 1219.

What is Receivable Turnover Ratio?
What is Schmitt Industries Inc Selling?

What is Receivable Turnover Ratio?

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SMIT Receivables 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 Receivable Change	-34.91 %	-2.1 %	74.14 %	52.32 %	100.83 %
Y / Y Revenue Change	-50.23 %	10.82 %	45.93 %	149.37 %	174.92 %
Receivable Turnover Ratio (TTM)	9.76	10.08	9.87	10.41	8.86
SMIT's Total Ranking	# 1148	# 1219	# 2062	# 2095	# 2095
Accounts Receivable average collection period days	37	36	37	35	41
Seq. Receivable Change	-19.78 %	-32.37 %	41.14 %	-15 %	20.67 %
Seq. Revenue Change	-28.44 %	-37.58 %	-21.21 %	41.39 %	59.35 %

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

Receivable 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 Receivables Turnover Ratio to its Competitors

Financial Statements
Schmitt Industries Inc 's Accounts Receivable	$ 1 Millions	Visit SMIT's Balance sheet
Schmitt Industries Inc 's Sales TTM	$ 10 Millions	Visit SMIT's Income Statement
Sources of SMIT's Revenues		Visit SMIT's Sales by Geography

Other Accounts Receivable Turnover Ratios
IT Infrastructure Industry Accounts Receivable Turnover Trends and Statistics
Technology Sector Accounts Receivable Turnover Statistics
Accounts Receivables Turnover Trends for overall market
SMIT's Receivable Turnover Ratio versus IT Infrastructure Industry, Technology Sector and total Market
Highest Ranking Accounts Receivables Turnover
Lowest Ranking Accounts Receivables Turnover

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Companies with similar Receivables Turnover Ratio for the quarter ending May 31 2022, within Technology Sector	Receivable Turnover Ratio	Revenues for 12 Months ending May 31 2022	Receivable at quarter ending May 31 2022
Ooma Inc	31.41	$ 202.651 Millions	$ 6.452 Millions
Liberty Tripadvisor Holdings inc	31.16	$ 1,223.000 Millions	$ 39.250 Millions
Scworx Corp	30.75	$ 129.743 Millions	$ 4.220 Millions
Intapp Inc	30.61	$ 272.071 Millions	$ 8.889 Millions
Dzs Inc	30.34	$ 348.809 Millions	$ 11.496 Millions
Tripadvisor Inc	30.20	$ 1,223.000 Millions	$ 40.500 Millions
Skillz Inc	30.17	$ 377.694 Millions	$ 12.521 Millions
Leafly Holdings Inc	29.56	$ 46.454 Millions	$ 1.571 Millions
Elys Game Technology Corp	29.39	$ 42.283 Millions	$ 1.439 Millions
Digerati Technologies Inc	29.18	$ 24.154 Millions	$ 0.828 Millions
Appfolio Inc	29.01	$ 414.155 Millions	$ 14.277 Millions
Bill Holdings Inc	28.87	$ 641.959 Millions	$ 22.235 Millions
Amesite Inc	28.05	$ 0.697 Millions	$ 0.025 Millions
Tuatara Capital Acquisition Corp	28.04	$ 25.212 Millions	$ 0.899 Millions
King Resources, Inc.	27.90	$ 0.545 Millions	$ 0.020 Millions
Switch Inc	27.38	$ 652.283 Millions	$ 23.821 Millions
Allegro Microsystems Inc	27.22	$ 798.285 Millions	$ 29.322 Millions
Spi Energy Co Ltd	26.15	$ 439.622 Millions	$ 16.814 Millions
Cyxtera Technologies Inc	26.09	$ 722.000 Millions	$ 27.675 Millions
Block Inc	25.37	$ 16,288.405 Millions	$ 642.125 Millions
Soundhound Ai Inc	24.31	$ 6.168 Millions	$ 0.254 Millions
Mix Telematics Limited	24.30	$ 142.270 Millions	$ 5.856 Millions
Datavault Ai Inc	23.30	$ 5.319 Millions	$ 0.228 Millions
Quarta rad Inc	23.04	$ 1.166 Millions	$ 0.051 Millions
Data443 Risk Mitigation Inc	22.56	$ 3.373 Millions	$ 0.149 Millions
Riskon International Inc	22.22	$ 24.139 Millions	$ 1.087 Millions
Paycor Hcm Inc	22.15	$ 429.387 Millions	$ 19.384 Millions
Vpr Brands Lp	21.30	$ 5.237 Millions	$ 0.246 Millions
Toast Inc	20.85	$ 1,210.000 Millions	$ 58.035 Millions
Oracle Corporation	20.79	$ 101,270.000 Millions	$ 4,871.250 Millions

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

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