Still calculating financial ratios manually?
Stop wasting time — let the computer do it!
Smartsheet Inc. (SMAR) Financial Analysis and Rating
Comparison Analysis Based on SEC Data
| Company Name | Smartsheet Inc. |
| Industry (SIC) | 7372 - Prepackaged Software |
| Revenue in 2024 (TTM) | $1,230 million (ranked #159 out of 512 companies in the industry) |
| Assets as of 10/31/2024 | $1,423 million (ranked #202) |
| Analyzed report | 1/31/2023 (filed 3/22/2023) |
Year:
Financial Position and Performance
| Compared with 2022 industry ratios | Change during the year |
|---|---|
|
worse |
deteriorated |
| Compared with all listed companies |
|---|
|
worse |
Financial Ratios Benchmarking
| Financial Ratio | Comparison of company ratios for 2022 | ||
|---|---|---|---|
|
with industry ratios (73 - Business Services) |
with all listed companies | ||
| Solvency Ratios | |||
| Debt ratio |
0.56
0.62
|
0.56
0.61
|
|
| Debt-to-equity ratio |
1.29
0.80
|
1.29
1.02
|
|
| Liquidity Ratios | |||
| Current Ratio |
1.24
1.45
|
1.24
1.75
|
|
| Quick Ratio |
1.14
1.18
|
1.14
1.07
|
|
| Cash Ratio |
0.79
0.62
|
0.79
0.52
|
|
| Profitability Ratios | |||
| Profit margin |
-28.1%
-10.8%
|
-28.1%
2.1%
|
|
| ROE (Return on equity), after tax |
-43.5%
-19.6%
|
-43.5%
0.5%
|
|
| ROA (Return on assets) |
-20.4%
-5.9%
|
-20.4%
0.8%
|
|
| Activity Ratios | |||
| Asset turnover (days) |
503
647
|
503
792
|
|
| Receivables turnover (days) |
83
58
|
83
48
|
|
| Resulting score | -0,5 | -0,4 | |
Year:
Additional Ratios (not used in score calculation)
| Financial Ratio | Comparison of company ratios for 2022 | ||
|---|---|---|---|
|
with industry ratios (73 - Business Services) |
with all listed companies | ||
| Profitability Ratios | |||
| Gross margin |
78.4%
56.9%
|
78.4%
40.3%
|
|
| Price Ratios | |||
| Earnings per Share (basic) | $-1.66 | ||
| Earnings per Share (diluted) | $-1.66 | ||
Auditor's Conclusion
We have performed a comparative analysis of the balance sheet and income statement of Smartsheet Inc. (hereafter – the "Company") for the year 2022 as filed with the U.S. Securities and Exchange Commission (SEC). The primary business activity of the Company is "Prepackaged Software" (SIC code 7372). In our analysis, we compared the key financial ratios of the Company with the average (median) values of those ratios calculated for the Company's specific industry sector and for all companies. The averages were calculated using data from 2022 financial statements filed with the SEC through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). By comparing each of the eleven key metrics to the median, we have reached an overall conclusion about the quality of the Company's financial condition. All calculations and conclusions were performed using software and methodologies developed by ReadyRatios.
Based on our analysis of the Company's key financial ratios, we have determined the following. The financial condition of Smartsheet Inc. in 2023 is worse than the typical financial condition of companies in the "Prepackaged Software" industry.
A comparison of the Company's financial ratios with the average ratios for all industries leads to the same conclusion. The financial position of Smartsheet Inc. is worse than that of most listed companies that file financial statements with the U.S. Securities and Exchange Commission.