SMIT · Schmitt Industries Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q2 '20 | Q3 '20 | Q1 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96M | $1.85M | $3.76M | $2.03M | $1.67M | $1.51M | $1.03M | $1.09M | $3.34M | $3.50M |
| Cost of Revenue | $1.36M | $912.1K | $1.35M | $1.07M | $837.3K | $899.8K | $643.3K | $491.3K | $1.78M | $2.14M |
| Gross Profit | $1.61M | $936.8K | $2.41M | $962.1K | $831.2K | $607.6K | $389.8K | $603.6K | $1.56M | $1.36M |
| R&D | $5.6K | $10.8K | $9.3K | $17.9K | $21.7K | $17.5K | $5.4K | $23.9K | $12.2K | $47.9K |
| SG&A | $4.16M | $3.31M | $4.13M | $3.09M | $3.31M | $2.09M | $993.2K | $1.01M | $1.28M | $1.54M |
| Total Operating Expenses | $4.17M | $3.32M | $4.14M | $3.11M | $3.34M | $2.23M | $998.6K | $1.04M | $1.29M | $1.59M |
| D&A | - | - | $149.5K | - | - | $245.5K | - | - | $48.0K | - |
| Operating Income | ($2.56M) | ($2.39M) | ($1.73M) | ($2.15M) | ($2.50M) | ($1.62M) | ($608.9K) | ($431.7K) | $269.2K | ($224.3K) |
| Interest Expense | $1.3K | $5.4K | $11.3K | - | - | - | - | - | - | - |
| Income Tax | $2.8K | ($1.6K) | ($404.7K) | - | - | - | ($4.4K) | ($4.2K) | $16.0K | $6.4K |
| Net Income | $2.19M | ($893.2K) | ($1.05M) | ($2.37M) | ($2.42M) | $150.7K | $4.52M | ($131.2K) | $169.8K | ($255.3K) |
| EPS - Basic | - | - | - | ($0.63) | ($0.64) | $0.04 | $1.11 | ($0.03) | $0.04 | ($0.06) |
| EPS - Diluted | - | - | - | ($0.63) | ($0.64) | $0.04 | $1.11 | ($0.03) | $0.04 | ($0.06) |
Balance Sheet
| Line item | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q2 '20 | Q3 '20 | Q1 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.05M | $2.00M | $2.73M | $4.03M | $3.60M | $8.91M | $10.15M | $10.54M | $1.59M | $1.41M |
| Accounts Receivable | $751.6K | $936.8K | $981.4K | $1.15M | $956.9K | $644.3K | $574.9K | $645.7K | $2.00M | $2.00M |
| Inventory | $1.44M | $2.19M | $1.82M | $1.55M | $2.00M | $1.86M | $1.06M | $1.06M | $5.02M | $5.02M |
| Accounts Payable | $844.5K | $556.0K | $604.2K | $583.8K | $744.2K | $699.8K | $267.7K | $277.8K | $505.5K | $496.4K |
| Current Assets | $4.01M | $5.18M | $6.00M | $6.96M | $7.26M | $12.15M | $12.26M | $12.76M | $8.83M | $8.63M |
| Total Assets | $22.84M | $20.35M | $19.96M | $21.17M | $22.43M | $27.28M | $13.20M | $13.73M | $10.11M | $9.87M |
| Current Liabilities | $5.83M | $3.88M | $4.27M | $4.01M | $3.44M | $2.56M | $1.31M | $1.17M | $1.24M | $1.36M |
| Long-term Debt | $2.50M | $1.53M | $2.80M | $3.25M | $1.48M | $1.80M | - | - | $23.1K | $28.5K |
| Total Liabilities | $22.23M | $16.24M | $17.21M | $17.40M | $15.31M | $15.28M | $1.31M | $1.17M | $1.39M | - |
| Stockholders' Equity | $605.2K | $4.11M | $2.75M | $3.77M | $7.12M | $11.99M | $11.89M | $12.56M | $8.78M | $8.47M |
| Retained Earnings | ($11.74M) | ($8.20M) | ($9.50M) | ($8.45M) | ($5.00M) | ($213.4K) | ($364.1K) | $312.0K | ($4.07M) | ($4.24M) |
Cash Flow
| Line item | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q2 '20 | Q3 '20 | Q1 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($1.45M) | - | - | ($836.5K) | - | - | $91.6K | - |
| Investing Cash Flow | - | - | ($124.6K) | - | - | ($1.80M) | - | - | $12.0K | - |
| Financing Cash Flow | - | - | $264.5K | - | - | $1.54M | - | - | $0 | - |
| CapEx | - | - | $124.6K | - | - | $133.3K | - | - | $0 | - |
| Free Cash Flow | - | - | ($1.57M) | - | - | ($969.8K) | - | - | $91.6K | - |
Ratios
| Metric | Q2 '22 | Q3 '22 | Q1 '22 | Q2 '21 | Q3 '21 | Q1 '21 | Q2 '20 | Q3 '20 | Q1 '20 | Q2 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 54.2% | 50.7% | 64.1% | 47.4% | 49.8% | 40.3% | 37.7% | 55.1% | 46.7% | 38.9% |
| Operating margin | -86.5% | -129.1% | -46.0% | -105.8% | -150.1% | -107.6% | -58.9% | -39.4% | 8.1% | -6.4% |
| EBITDA margin | - | - | -42.1% | - | - | -91.3% | - | - | 9.5% | - |
| Net margin | 73.9% | -48.3% | -27.8% | -116.6% | -145.0% | 10.0% | 437.3% | -12.0% | 5.1% | -7.3% |
| Free cash flow margin | - | - | -41.8% | - | - | -64.3% | - | - | 2.7% | - |
| FCF / Net income | - | - | 1.50 | - | - | -6.44 | - | - | 0.54 | - |
| R&D / Revenue | 0.2% | 0.6% | 0.2% | 0.9% | 1.3% | 1.2% | 0.5% | 2.2% | 0.4% | 1.4% |
| SG&A / Revenue | 140.5% | 179.2% | 109.9% | 152.3% | 198.6% | 138.4% | 96.1% | 92.4% | 38.3% | 43.9% |
| Effective tax rate | 0.1% | - | - | - | - | - | -0.1% | - | 8.6% | - |
| Return on assets | 9.6% | -4.4% | -5.2% | -11.2% | -10.8% | 0.6% | 34.2% | -1.0% | 1.7% | -2.6% |
| Return on equity | 361.5% | -21.7% | -38.0% | -62.8% | -34.0% | 1.3% | 38.0% | -1.0% | 1.9% | -3.0% |
| Return on invested capital | -82.5% | -33.4% | -24.6% | - | - | - | - | - | 2.8% | -2.1% |
| Liquidity | ||||||||||
| Current ratio | 0.69 | 1.34 | 1.41 | 1.74 | 2.11 | 4.75 | 9.37 | 10.88 | 7.09 | 6.33 |
| Quick ratio | 0.44 | 0.77 | 0.98 | 1.35 | 1.53 | 4.03 | 8.56 | 9.98 | 3.06 | 2.65 |
| Cash ratio | 0.18 | 0.52 | 0.64 | 1.01 | 1.05 | 3.48 | 7.76 | 9.00 | 1.28 | 1.04 |
| Leverage | ||||||||||
| Debt / Equity | 4.13 | 0.37 | 1.02 | 0.86 | 0.21 | 0.15 | - | - | 0.00 | 0.00 |
| Debt / Assets | 0.11 | 0.08 | 0.14 | 0.15 | 0.07 | 0.07 | - | - | 0.00 | 0.00 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | 0.07 | - |
| Interest coverage | -1994.1x | -441.9x | -153.5x | - | - | - | - | - | - | - |
| Equity multiplier | 37.74 | 4.95 | 7.25 | 5.62 | 3.15 | 2.27 | 1.11 | 1.09 | 1.15 | 1.16 |
| Liabilities / Assets | 0.97 | 0.80 | 0.86 | 0.82 | 0.68 | 0.56 | 0.10 | 0.09 | 0.14 | - |
| Efficiency | ||||||||||
| Asset turnover | 0.13 | 0.09 | 0.19 | 0.10 | 0.07 | 0.06 | 0.08 | 0.08 | 0.33 | 0.36 |
| Inventory turnover | 0.94 | 0.42 | 0.74 | 0.69 | 0.42 | 0.48 | 0.61 | 0.46 | 0.35 | 0.43 |
| Days sales outstanding | 93d | 185d | 95d | 208d | 209d | 156d | 203d | 215d | 219d | 208d |
| Days inventory outstanding | 388d | 877d | 493d | 531d | 874d | 753d | 601d | 785d | 1028d | 856d |
| Days payable outstanding | 227d | 222d | 163d | 200d | 324d | 284d | 152d | 206d | 104d | 85d |
| Cash conversion cycle | 254d | 840d | 425d | 539d | 759d | 625d | 652d | 794d | 1144d | 979d |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 45.9% | 10.8% | 149.4% | 96.5% | 52.4% | -54.9% | -70.5% | -66.2% | 8.4% | -7.1% |
| Revenue CAGR (3y) | -5.4% | -17.0% | 6.8% | -18.7% | -19.8% | -21.2% | -27.0% | -30.0% | 4.9% | 4.5% |
| Revenue CAGR (5y) | 2.2% | -10.4% | 5.4% | -8.0% | -8.0% | -13.5% | -20.0% | -18.3% | 1.8% | 2.2% |
| Gross profit growth (YoY) | 66.8% | 12.7% | 296.5% | 146.9% | 37.7% | -61.1% | -71.4% | -40.4% | 16.5% | -21.0% |
| Operating income growth (YoY) | -19.3% | 4.7% | -6.7% | -252.7% | -480.1% | - | -171.4% | 16.2% | - | - |
| Net income growth (YoY) | - | 63.1% | - | - | -1744.8% | -11.3% | - | 72.4% | - | - |
| EPS growth (YoY) | - | - | - | - | -2033.3% | 0.0% | - | 75.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | 14.9% | - |
| FCF growth (YoY) | - | - | -62.0% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -83.9% | -42.2% | -77.1% | -68.3% | -43.3% | 36.7% | 40.4% | 44.8% | -6.5% | -11.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-05-31.
Business segments
$7.86M totalIce Cream$4.04M · 51.4%
Measurement$3.82M · 48.6%
Peer comparison
Same SIC group: Industrial Instruments For Measurement, Display, and Control
Comparing SCHMITT INDUSTRIES INC against the 5 most active filers in the same SIC group.