Scotts Miracle-Gro Company (SMG)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 11.49 | 11.24 | 4.94 | — | 12.03 | 12.73 | 6.01 | 4.53 | 14.95 | 10.00 | 4.74 | 3.99 | 12.85 | 8.57 | 3.79 | 3.37 | 16.34 | 13.74 | 7.61 | 4.06 | |
| DSO | days | 31.77 | 32.46 | 73.91 | — | 30.34 | 28.68 | 60.76 | 80.56 | 24.42 | 36.49 | 76.92 | 91.56 | 28.40 | 42.59 | 96.32 | 108.44 | 22.34 | 26.57 | 47.96 | 89.94 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 11.49
= 31.77
To analyze Scotts Miracle-Gro Company's Days of Sales Outstanding (DSO) over the specified period, we observe fluctuations in the DSO metric, which reflects the average number of days it takes for the company to collect revenue from its sales.
In the latest reported period, on December 31, 2023, the DSO stood at 31.77 days, indicating an efficient collection process. Compared to the prior quarter in September 2023, the DSO increased slightly to 32.46 days, which may suggest a minor slowdown in collecting receivables.
In the quarter ending June 30, 2023, there was a significant spike in DSO to 73.91 days, which could signal challenges in collecting revenues promptly during that period. Unfortunately, data for March 31, 2023, is missing, so further analysis for that specific date is not available.
Looking back over the past year, there have been fluctuations in DSO, with some quarters showing an improvement in collections efficiency (e.g., 22.34 days in December 2019 and 24.42 days in December 2021) and others indicating potential issues (e.g., 108.44 days in March 2020 and 96.32 days in June 2020).
Overall, it is essential for Scotts Miracle-Gro Company to monitor its DSO closely to ensure effective management of accounts receivable and timely collection of sales revenues, which are crucial for the company's cash flow and overall financial health.
Peer comparison
Dec 31, 2023