Scotts Miracle-Gro Company (SMG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.36 | 13.06 | 9.34 | 9.83 | 11.61 | 10.18 | 15.24 | 8.01 | 9.75 | 7.01 | 9.36 | 7.76 | 7.82 | 9.26 | 10.60 | 9.26 | 9.30 | 13.21 | 12.80 | 9.16 | |
| Number of days of payables | days | 35.22 | 27.94 | 39.08 | 37.13 | 31.45 | 35.85 | 23.95 | 45.55 | 37.44 | 52.06 | 38.99 | 47.03 | 46.69 | 39.40 | 34.44 | 39.41 | 39.25 | 27.64 | 28.51 | 39.85 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.36
= 35.22
The number of days of payables for Scotts Miracle-Gro Company has fluctuated over the last few quarters. It indicates the average number of days it takes for the company to pay its suppliers.
In the latest quarter, as of December 31, 2023, Scotts Miracle-Gro Company took approximately 35.22 days to pay its payables, which is an increase from the previous quarter's figure of 27.94 days. This suggests that the company took slightly longer to settle its outstanding obligations to suppliers.
Looking at the trend over the past few quarters, there has been some variability in the number of days of payables. It is important to note that a higher number of days of payables could imply that the company is taking longer to pay its suppliers, which could potentially strain relationships with vendors. Conversely, a lower number of days of payables may indicate efficient management of working capital but could also raise concerns about liquidity issues or potential delays in payments.
Therefore, it is essential for stakeholders to closely monitor the trend in the number of days of payables to assess the company's payment practices and overall financial health.
Peer comparison
Dec 31, 2023