Schmitt Industries Inc
Schmitt Industries, Inc., together with its subsidiaries, designs, manufactures, and sells test and measurement products worldwide. It operates through two segments, Measurement and Ice Cream. The Measurement segment designs, manufactures, and sells test and measurement products through its Acuity and Xact product lines. The Ice Cream segment invests in creamery manufacturing and consumer retaili… Read more
Schmitt Industries Inc (SMIT) - Net Assets
Latest net assets as of August 2022: $605.21K USD
Based on the latest financial reports, Schmitt Industries Inc (SMIT) has net assets worth $605.21K USD as of August 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($22.84 Million) and total liabilities ($22.23 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $605.21K |
| % of Total Assets | 2.65% |
| Annual Growth Rate | -5.98% |
| 5-Year Change | -93.64% |
| 10-Year Change | -93.96% |
| Growth Volatility | 29.16 |
Schmitt Industries Inc - Net Assets Trend (1994–2022)
This chart illustrates how Schmitt Industries Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Schmitt Industries Inc (1994–2022)
The table below shows the annual net assets of Schmitt Industries Inc from 1994 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-05-31 | $605.21K | -83.95% |
| 2021-05-31 | $3.77 Million | -68.30% |
| 2020-05-31 | $11.89 Million | +40.10% |
| 2019-05-31 | $8.49 Million | -10.79% |
| 2018-05-31 | $9.52 Million | +36.38% |
| 2017-05-31 | $6.98 Million | -12.83% |
| 2016-05-31 | $8.00 Million | -15.65% |
| 2015-05-31 | $9.49 Million | -1.30% |
| 2014-05-31 | $9.61 Million | -4.01% |
| 2013-05-31 | $10.02 Million | -4.47% |
| 2012-05-31 | $10.48 Million | +3.21% |
| 2011-05-31 | $10.16 Million | +0.36% |
| 2010-05-31 | $10.12 Million | -13.63% |
| 2009-05-31 | $11.72 Million | -14.82% |
| 2008-05-31 | $13.76 Million | +21.05% |
| 2007-05-31 | $11.36 Million | +15.79% |
| 2006-05-31 | $9.81 Million | +23.01% |
| 2005-05-31 | $7.98 Million | +30.50% |
| 2004-05-31 | $6.11 Million | +7.92% |
| 2003-05-31 | $5.67 Million | -21.87% |
| 2002-05-31 | $7.25 Million | -18.80% |
| 2001-05-31 | $8.93 Million | -11.83% |
| 2000-05-31 | $10.13 Million | -4.45% |
| 1999-05-31 | $10.60 Million | +21.84% |
| 1998-05-31 | $8.70 Million | +17.57% |
| 1997-05-31 | $7.40 Million | +51.02% |
| 1996-05-31 | $4.90 Million | +40.00% |
| 1995-05-31 | $3.50 Million | +2.94% |
| 1994-05-31 | $3.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Schmitt Industries Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1163755200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (May 2022)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $12.34 Million | 2039.43% |
| Total Equity | $605.21K | 100.00% |
Schmitt Industries Inc Competitors by Market Cap
The table below lists competitors of Schmitt Industries Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Southstone Minerals Limited
PINK:FDGMF
|
$65.85K |
|
POWER ASSETS
MU:HEH
|
$65.88K |
|
Phoenix Plus Corp.
PINK:PXPC
|
$65.88K |
|
GO Residential Real Estate Investment Trust
TO:GO-U
|
$65.94K |
|
Zhongce Rubber Group Co Ltd
SHG:603049
|
$65.81K |
|
Nile City Investment
EGX:NCIN
|
$65.78K |
|
Aucyber Ltd
AU:CYB
|
$65.69K |
|
Altina Capital Corp
V:ALTN-P
|
$65.59K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Schmitt Industries Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 3,769,583 to 605,205, a change of -3,164,378 (-83.9%).
- Net loss of 3,283,776 reduced equity.
- Other factors increased equity by 119,398.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-3.28 Million | -542.59% |
| Other Changes | $119.40K | +19.73% |
| Total Change | $- | -83.95% |
Book Value vs Market Value Analysis
This analysis compares Schmitt Industries Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.12x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.01x to 0.12x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-05-31 | $2.04 | $0.02 | x |
| 1995-05-31 | $2.10 | $0.02 | x |
| 1996-05-31 | $1.96 | $0.02 | x |
| 1997-05-31 | $3.00 | $0.02 | x |
| 1998-05-31 | $3.50 | $0.02 | x |
| 1999-05-31 | $3.18 | $0.02 | x |
| 2000-05-31 | $3.79 | $0.02 | x |
| 2001-05-31 | $3.39 | $0.02 | x |
| 2002-05-31 | $2.91 | $0.02 | x |
| 2003-05-31 | $2.30 | $0.02 | x |
| 2004-05-31 | $2.42 | $0.02 | x |
| 2005-05-31 | $2.95 | $0.02 | x |
| 2006-05-31 | $3.57 | $0.02 | x |
| 2007-05-31 | $4.11 | $0.02 | x |
| 2008-05-31 | $4.85 | $0.02 | x |
| 2009-05-31 | $4.08 | $0.02 | x |
| 2010-05-31 | $3.51 | $0.02 | x |
| 2011-05-31 | $3.51 | $0.02 | x |
| 2012-05-31 | $3.56 | $0.02 | x |
| 2013-05-31 | $3.33 | $0.02 | x |
| 2014-05-31 | $3.21 | $0.02 | x |
| 2015-05-31 | $3.17 | $0.02 | x |
| 2016-05-31 | $2.67 | $0.02 | x |
| 2017-05-31 | $2.33 | $0.02 | x |
| 2018-05-31 | $2.75 | $0.02 | x |
| 2019-05-31 | $2.10 | $0.02 | x |
| 2020-05-31 | $3.02 | $0.02 | x |
| 2021-05-31 | $1.00 | $0.02 | x |
| 2022-05-31 | $0.16 | $0.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Schmitt Industries Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -542.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -33.19%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 37.74x
- Recent ROE (-542.59%) is below the historical average (-27.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 8.82% | 12.00% | 0.57x | 1.29x | $-40.00K |
| 1995 | 5.71% | 4.55% | 0.96x | 1.31x | $-150.00K |
| 1996 | 24.49% | 16.90% | 1.18x | 1.22x | $710.00K |
| 1997 | 22.97% | 16.19% | 1.24x | 1.15x | $960.00K |
| 1998 | 14.94% | 12.26% | 1.10x | 1.10x | $430.00K |
| 1999 | -2.83% | -3.75% | 0.71x | 1.07x | $-1.36 Million |
| 2000 | 5.54% | 6.34% | 0.81x | 1.08x | $-451.35K |
| 2001 | -26.51% | -31.23% | 0.74x | 1.15x | $-3.26 Million |
| 2002 | -22.05% | -23.25% | 0.84x | 1.13x | $-2.32 Million |
| 2003 | -26.25% | -20.04% | 1.18x | 1.11x | $-2.05 Million |
| 2004 | 8.45% | 6.52% | 1.12x | 1.16x | $-94.80K |
| 2005 | 20.16% | 15.27% | 1.16x | 1.14x | $810.26K |
| 2006 | 13.76% | 11.74% | 1.05x | 1.11x | $368.69K |
| 2007 | 11.31% | 10.81% | 0.95x | 1.10x | $148.37K |
| 2008 | 8.02% | 9.66% | 0.73x | 1.14x | $-272.54K |
| 2009 | -18.38% | -22.67% | 0.75x | 1.08x | $-3.33 Million |
| 2010 | -16.91% | -25.14% | 0.60x | 1.12x | $-2.72 Million |
| 2011 | -2.02% | -1.79% | 0.99x | 1.14x | $-1.22 Million |
| 2012 | 0.74% | 0.54% | 1.20x | 1.15x | $-970.95K |
| 2013 | -5.39% | -4.34% | 1.07x | 1.16x | $-1.54 Million |
| 2014 | -5.61% | -4.45% | 1.12x | 1.13x | $-1.50 Million |
| 2015 | -0.99% | -0.72% | 1.18x | 1.17x | $-1.04 Million |
| 2016 | -18.93% | -12.97% | 1.21x | 1.20x | $-2.32 Million |
| 2017 | -15.38% | -8.66% | 1.38x | 1.29x | $-1.77 Million |
| 2018 | 2.21% | 1.52% | 1.23x | 1.19x | $-740.93K |
| 2019 | -13.04% | -8.02% | 1.40x | 1.16x | $-1.96 Million |
| 2020 | -15.49% | -43.97% | 0.32x | 1.11x | $-3.03 Million |
| 2021 | -214.60% | -144.45% | 0.26x | 5.62x | $-8.47 Million |
| 2022 | -542.59% | -33.19% | 0.43x | 37.74x | $-3.34 Million |
Industry Comparison
This section compares Schmitt Industries Inc's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $11,768,865,158
- Average return on equity (ROE) among peers: -20.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Schmitt Industries Inc (SMIT) | $605.21K | 8.82% | 36.74x | $65.83K |
| Autoscope Technologies Corp (AATC) | $4.38 Million | -1.14% | 0.21x | $31.60 Million |
| Acorn Energy, Inc. Common Stock (ACFN) | $51.95 Million | -32.17% | 0.30x | $23.47 Million |
| Applied Energetics (AERG) | $21.23 Million | 0.00% | 0.11x | $135.01 Million |
| Ainos Inc (AIMD) | $-3.37 Million | 0.00% | 0.00x | $3.44 Million |
| Anritsu Corporation (AITUF) | $117.52 Billion | 7.89% | 0.30x | $957.96 Million |
| Arbe Robotics Ltd (ARBE) | $40.82 Million | -110.67% | 0.83x | $68.16 Million |
| Haber Inc (ASPT) | $-261.09K | 0.00% | 0.00x | $0.95 |
| Attune RTD Inc (AURT) | $-383.55K | 0.00% | 0.00x | $0.93 |
| AERWINS Technologies Inc. (AWIN) | $15.29 Million | -82.06% | 0.80x | $92.43 |
| Badger Meter Inc (BMI) | $44.01 Million | 15.77% | 1.24x | $4.38 Billion |