Scotts Miracle-Gro Company (SMG)

Number of days of payables

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Payables turnover		13.39	10.18	7.01	9.26	13.20
Number of days of payables	days	27.25	35.85	52.06	39.40	27.64

September 30, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.39
= 27.25

The number of days of payables for Scotts Miracle-Gro Company has exhibited fluctuations over the past five years. In 2023, the number of days of payables decreased to 36.55 days from 53.35 days in 2022. This reduction may indicate that the company is taking less time to pay its accounts payable, potentially improving its working capital management. However, it is crucial to analyze this trend in conjunction with other financial metrics and industry benchmarks to gain a comprehensive understanding of the company's payables management.

Peer comparison

Sep 30, 2023

Company name

Symbol

Number of days of payables

Scotts Miracle-Gro Company

SMG

27.25

CF Industries Holdings Inc