Scotts Miracle-Gro Company (SMG)
Fixed asset turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,466,200 | 3,384,300 | 3,253,700 | 3,255,600 | 3,371,900 | 3,496,100 | 3,579,600 | 3,746,500 | 3,804,800 | 4,053,200 | 4,485,900 | 4,645,300 | 4,835,600 | 5,020,100 | 4,904,700 | 4,455,300 | 4,068,600 | 3,676,000 | 3,348,000 | 3,148,900 |
| Property, plant and equipment | US$ in thousands | 609,500 | 599,000 | 608,200 | 610,400 | 610,300 | 590,300 | 588,900 | 592,800 | 606,000 | 625,200 | 621,000 | 615,800 | 622,200 | 582,600 | 565,300 | 560,900 | 560,000 | 533,200 | 535,400 | 545,400 |
| Fixed asset turnover | 5.69 | 5.65 | 5.35 | 5.33 | 5.52 | 5.92 | 6.08 | 6.32 | 6.28 | 6.48 | 7.22 | 7.54 | 7.77 | 8.62 | 8.68 | 7.94 | 7.27 | 6.89 | 6.25 | 5.77 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,466,200K ÷ $609,500K
= 5.69
The fixed asset turnover ratio for Scotts Miracle-Gro Company has exhibited fluctuation over the past several quarters, ranging from a low of 5.33 to a high of 8.68. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio indicates better efficiency in generating sales from fixed assets.
Overall, Scotts Miracle-Gro Company has shown generally strong performance in terms of fixed asset turnover, with ratios consistently above 5. This indicates that the company is effectively utilizing its fixed assets to generate sales. The peak ratio of 8.68 in March 2021 suggests a particularly efficient use of fixed assets during that period.
It is important for investors and stakeholders to monitor the fixed asset turnover ratio to assess the company's efficiency in generating revenue from its fixed assets over time. Fluctuations in the ratio can offer insights into changes in operational efficiency and asset utilization within the company.
Peer comparison
Sep 30, 2024