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) - Total Assets
Latest total assets as of August 2022: $22.84 Million USD
Based on the latest financial reports, Schmitt Industries Inc (SMIT) holds total assets worth $22.84 Million USD as of August 2022.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Schmitt Industries Inc - Total Assets Trend (1994–2022)
This chart illustrates how Schmitt Industries Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Schmitt Industries Inc - Asset Composition Analysis
Current Asset Composition (May 2022)
Schmitt Industries Inc's total assets of $22.84 Million consist of 17.5% current assets and 82.5% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 4.6% |
| Accounts Receivable | $751.55K | 3.3% |
| Inventory | $1.44 Million | 6.3% |
| Property, Plant & Equipment | $2.95 Million | 12.9% |
| Intangible Assets | $127.19K | 0.6% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (1994–2022)
This chart illustrates how Schmitt Industries Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Schmitt Industries Inc's current assets represent 17.5% of total assets in 2022, a decrease from 70.5% in 1994.
- Cash Position: Cash and equivalents constituted 4.6% of total assets in 2022, down from 43.2% in 1994.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 1994.
- Asset Diversification: The largest asset category is property, plant & equipment at 12.9% of total assets.
Schmitt Industries Inc Competitors by Total Assets
Key competitors of Schmitt Industries Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Beijing BDStar Navigation Co Ltd
SHE:002151
|
China | CN¥6.56 Billion |
|
Oriental Times Media Corp
SHE:002175
|
China | CN¥983.41 Million |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
China | CN¥2.50 Billion |
|
Nanjing Sciyon Automation Group Co Ltd
SHE:002380
|
China | CN¥3.87 Billion |
|
Jiangsu Changfa Refrigeration Co Ltd
SHE:002413
|
China | CN¥5.09 Billion |
|
Wuhan Guide Infrared Co Ltd
SHE:002414
|
China | CN¥10.53 Billion |
|
Shenzhen Jieshun Science and Technology Industry Co Ltd
SHE:002609
|
China | CN¥3.99 Billion |
|
Beijing SDL Technology Co Ltd
SHE:002658
|
China | CN¥3.08 Billion |
Schmitt Industries Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Schmitt Industries Inc generates 0.43x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Schmitt Industries Inc is currently not profitable relative to its asset base.
Schmitt Industries Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.69 | 1.41 | 3.79 |
| Quick Ratio | 0.44 | 0.98 | 1.41 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-1.82 Million | $ 1.74 Million | $ 5.62 Million |
Schmitt Industries Inc - Advanced Valuation Insights
This section examines the relationship between Schmitt Industries Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 0.11 |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | 7.9% |
| Total Assets | $22.84 Million |
| Market Capitalization | $65.83K USD |
Valuation Analysis
Below Book Valuation: The market values Schmitt Industries Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Schmitt Industries Inc's assets grew by 7.9% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Schmitt Industries Inc (1994–2022)
The table below shows the annual total assets of Schmitt Industries Inc from 1994 to 2022.
| Year | Total Assets | Change |
|---|---|---|
| 2022-05-31 | $22.84 Million | +7.87% |
| 2021-05-31 | $21.17 Million | +60.39% |
| 2020-05-31 | $13.20 Million | +33.82% |
| 2019-05-31 | $9.87 Million | -12.59% |
| 2018-05-31 | $11.29 Million | +25.31% |
| 2017-05-31 | $9.01 Million | -6.52% |
| 2016-05-31 | $9.63 Million | -13.23% |
| 2015-05-31 | $11.10 Million | +2.58% |
| 2014-05-31 | $10.82 Million | -6.88% |
| 2013-05-31 | $11.62 Million | -3.34% |
| 2012-05-31 | $12.03 Million | +3.77% |
| 2011-05-31 | $11.59 Million | +2.09% |
| 2010-05-31 | $11.35 Million | -10.08% |
| 2009-05-31 | $12.62 Million | -19.73% |
| 2008-05-31 | $15.73 Million | +26.11% |
| 2007-05-31 | $12.47 Million | +14.13% |
| 2006-05-31 | $10.93 Million | +20.40% |
| 2005-05-31 | $9.08 Million | +27.81% |
| 2004-05-31 | $7.10 Million | +13.21% |
| 2003-05-31 | $6.27 Million | -23.15% |
| 2002-05-31 | $8.16 Million | -20.69% |
| 2001-05-31 | $10.29 Million | -6.05% |
| 2000-05-31 | $10.95 Million | -3.07% |
| 1999-05-31 | $11.30 Million | +17.71% |
| 1998-05-31 | $9.60 Million | +12.94% |
| 1997-05-31 | $8.50 Million | +41.67% |
| 1996-05-31 | $6.00 Million | +30.43% |
| 1995-05-31 | $4.60 Million | +4.55% |
| 1994-05-31 | $4.40 Million | -- |