Scotts Miracle-Gro Company (SMG)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.04 | 13.39 | 10.18 | 7.01 | 9.26 | |
| Number of days of payables | days | 27.99 | 27.25 | 35.85 | 52.06 | 39.40 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.04
= 27.99
Scotts Miracle-Gro Company's number of days of payables has shown varying trends over the past five years. In particular:
1. In 2024, the number of days of payables was 27.99 days, indicating that, on average, the company takes approximately 27.99 days to pay its creditors. This is a slight increase from the previous year.
2. In 2023, the number of days of payables was 27.25 days, showing a relatively stable payment period compared to the year before.
3. In 2022, the number of days of payables increased to 35.85 days, suggesting a longer time taken by the company to pay its suppliers or creditors compared to the prior year.
4. In 2021, the number of days of payables was 52.06 days, indicating a significant spike in the payment period, which may raise concerns about the company's liquidity management.
5. In 2020, the number of days of payables was 39.40 days, which was lower than the following year but still higher than the 2019 figure.
Overall, the trend in Scotts Miracle-Gro Company's number of days of payables indicates some fluctuations in the payment period over the years. It is important to assess the reasons behind these changes and their impact on the company's working capital management and relationships with suppliers.
Peer comparison
Sep 30, 2024