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 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Revenue | $9.89M | $7.86M | $4.19M | $13.81M | $11.69M | $12.40M |
| Cost of Revenue | $4.82M | $4.59M | $2.24M | $8.84M | $7.82M | $7.51M |
| Gross Profit | $5.07M | $3.27M | $1.95M | $4.97M | $6.07M | $4.89M |
| R&D | $40.5K | $83.1K | $68.8K | $129.0K | $327.3K | $256.2K |
| SG&A | $15.64M | $12.05M | $4.06M | $5.95M | $5.58M | $5.62M |
| Total Operating Expenses | $15.68M | $13.16M | $4.13M | $6.08M | $5.91M | $5.87M |
| D&A | $437.2K | $549.2K | $161.1K | $188.3K | $205.2K | $219.1K |
| Operating Income | ($10.62M) | ($9.89M) | ($2.18M) | ($1.11M) | $155.4K | ($988.7K) |
| Interest Expense | $46.8K | $0 | - | - | - | - |
| Income Tax | $19.2K | ($403.7K) | $46.0K | $26.4K | $25.9K | $28.0K |
| Net Income | ($3.28M) | ($8.09M) | $3.88M | ($1.21M) | $210.6K | ($1.07M) |
| EPS - Basic | ($0.86) | ($2.15) | $0.98 | ($0.30) | $0.06 | ($0.36) |
| EPS - Diluted | ($0.86) | ($2.15) | $0.98 | ($0.30) | $0.06 | ($0.36) |
Balance Sheet
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.05M | $4.03M | $10.15M | $1.41M | $2.05M | $867.6K |
| Accounts Receivable | $751.6K | $1.15M | $574.9K | $2.00M | $2.05M | $2.34M |
| Inventory | $1.44M | $1.55M | $1.06M | $5.02M | $5.71M | $4.20M |
| Accounts Payable | $844.5K | $583.8K | $267.7K | $496.4K | $1.02M | $1.10M |
| Current Assets | $4.01M | $6.96M | $12.26M | $8.63M | $10.02M | $7.54M |
| Total Assets | $22.84M | $21.17M | $13.20M | $9.87M | $11.29M | $9.01M |
| Current Liabilities | $5.83M | $4.01M | $1.31M | $1.36M | $1.77M | $2.03M |
| Long-term Debt | $2.50M | $3.25M | - | $28.5K | - | - |
| Total Liabilities | $22.23M | $17.40M | $1.31M | - | - | - |
| Stockholders' Equity | $605.2K | $3.77M | $11.89M | $8.47M | $9.52M | $6.98M |
| Retained Earnings | ($11.74M) | ($8.45M) | ($364.1K) | ($4.24M) | ($3.03M) | ($3.24M) |
Cash Flow
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | ($8.05M) | ($6.94M) | $28.7K | ($716.6K) | ($819.8K) | ($148.3K) |
| Investing Cash Flow | $3.80M | ($3.04M) | $10.39M | ($6.5K) | $11.4K | ($98) |
| Financing Cash Flow | $1.26M | $3.44M | ($1.39M) | $52.1K | $0 | $0 |
| CapEx | $996.9K | $1.40M | $33.0K | $6.5K | $8.5K | $52.6K |
| Free Cash Flow | ($9.04M) | ($8.34M) | ($4.2K) | ($723.1K) | ($828.3K) | ($200.9K) |
Ratios
| Metric | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 51.2% | 41.6% | 46.6% | 36.0% | 51.9% | 39.4% |
| Operating margin | -107.3% | -125.7% | -52.0% | -8.0% | 1.3% | -8.0% |
| EBITDA margin | -102.9% | -118.7% | -48.2% | -6.7% | 3.1% | -6.2% |
| Net margin | -33.2% | -102.9% | 92.6% | -8.8% | 1.8% | -8.7% |
| Free cash flow margin | -91.4% | -106.1% | -0.1% | -5.2% | -7.1% | -1.6% |
| FCF / Net income | 2.75 | 1.03 | -0.00 | 0.60 | -3.93 | 0.19 |
| R&D / Revenue | 0.4% | 1.1% | 1.6% | 0.9% | 2.8% | 2.1% |
| SG&A / Revenue | 158.1% | 153.2% | 96.9% | 43.1% | 47.8% | 45.3% |
| Effective tax rate | - | - | 1.2% | - | 11.0% | - |
| Return on assets | -14.4% | -38.2% | 29.4% | -12.3% | 1.9% | -11.9% |
| Return on equity | -542.6% | -214.6% | 32.6% | -14.3% | 2.2% | -15.4% |
| Return on invested capital | -270.4% | -111.2% | - | -10.3% | - | - |
| Liquidity | ||||||
| Current ratio | 0.69 | 1.74 | 9.37 | 6.33 | 5.66 | 3.72 |
| Quick ratio | 0.44 | 1.35 | 8.56 | 2.65 | 2.43 | 1.64 |
| Cash ratio | 0.18 | 1.01 | 7.76 | 1.04 | 1.16 | 0.43 |
| Leverage | ||||||
| Debt / Equity | 4.13 | 0.86 | - | 0.00 | - | - |
| Debt / Assets | 0.11 | 0.15 | - | 0.00 | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -226.7x | - | - | - | - | - |
| Equity multiplier | 37.74 | 5.62 | 1.11 | 1.16 | 1.19 | 1.29 |
| Liabilities / Assets | 0.97 | 0.82 | 0.10 | - | - | - |
| Efficiency | ||||||
| Asset turnover | 0.43 | 0.37 | 0.32 | 1.40 | 1.04 | 1.38 |
| Inventory turnover | 3.34 | 2.96 | 2.11 | 1.76 | 1.37 | 1.79 |
| Days sales outstanding | 28d | 54d | 50d | 53d | 64d | 69d |
| Days inventory outstanding | 109d | 123d | 173d | 207d | 266d | 204d |
| Days payable outstanding | 64d | 46d | 44d | 21d | 48d | 54d |
| Cash conversion cycle | 73d | 131d | 179d | 240d | 283d | 220d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 25.8% | 87.7% | -69.7% | 18.2% | -5.7% | 6.1% |
| Revenue CAGR (3y) | -10.5% | -12.4% | -30.3% | 5.7% | -3.7% | 0.7% |
| Revenue CAGR (5y) | -4.4% | -7.6% | -20.3% | 2.6% | -1.3% | -3.0% |
| Gross profit growth (YoY) | 55.0% | 67.7% | -60.8% | -18.0% | 24.1% | 0.4% |
| Operating income growth (YoY) | -7.4% | -353.5% | -96.8% | - | - | 31.2% |
| Net income growth (YoY) | 59.4% | - | - | - | - | 29.2% |
| EPS growth (YoY) | 60.0% | - | - | - | - | 29.4% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -8.4% | -196664.7% | 99.4% | 12.7% | -312.2% | 75.6% |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -83.9% | -68.3% | 40.4% | -11.0% | 36.4% | -12.8% |
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%
Stability scores
Altman Z′
FY 2022 · bankruptcy risk
-1.49
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2022 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
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.