Scotts Miracle-Gro Company (SMG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 13.04 | 11.00 | 7.94 | 10.63 | 13.39 | 9.59 | 10.05 | 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 | |
| Number of days of payables | days | 27.99 | 33.19 | 45.99 | 34.32 | 27.25 | 38.07 | 36.33 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.04
= 27.99
The number of days of payables for Scotts Miracle-Gro Company has fluctuated over the past few quarters. Based on the data provided, the company's number of days of payables ranged from 23.95 days to 52.06 days over the last two years.
The trend indicates variability in how quickly the company is paying its suppliers. A lower number of days of payables suggests that the company is paying its bills more quickly, while a higher number indicates a longer period before settling its liabilities.
It is important to monitor changes in the number of days of payables as it can reflect the company's cash management practices, relationship with suppliers, and liquidity position. Overall, a thorough analysis of the company's payables management is essential to understanding its financial health and operational efficiency.
Peer comparison
Sep 30, 2024