Schmitt Industries Accounts Payable

Schmitt Industries posts a accounts payable of $840K as of May 2022. That compares with $580K in the prior-year period — up 44.7% year over year. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Schmitt Industries's accounts payable was $580K. The latest reading is $840K — a 44.7% year-over-year increase (period ending May 2022). Use the history and growth charts on this page for a longer lookback.

Accounts Payable is one piece of Schmitt Industries's financial statement story. At $840K, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for SMIT's accounts payable usually means three checks: (1) trend versus prior periods, (2) level versus peers, and (3) consistency with growth and profitability. This page covers the first two; Schmitt Industries's other metric pages and overview cover the third.

Judging Schmitt Industries against Industrials peers is usually better than using a market-wide rule of thumb. Business models inside Industrials are more comparable, which makes gaps in accounts payable easier to interpret. Start with $840K here, then scan peer and history charts to see if the gap is persistent.