Scotts Miracle-Gro Company (SMG)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,553,100 | 3,371,900 | 3,804,700 | 4,835,700 | 4,051,100 |
| Total assets | US$ in thousands | 2,871,900 | 3,413,700 | 4,296,800 | 4,800,000 | 3,380,500 |
| Total asset turnover | 1.24 | 0.99 | 0.89 | 1.01 | 1.20 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,553,100K ÷ $2,871,900K
= 1.24
The total asset turnover for Scotts Miracle-Gro Company has fluctuated over the past five years. In 2024, the total asset turnover ratio was 1.24, indicating that the company generated $1.24 in revenue for every dollar of assets during the year. This represents an improvement from the previous year's ratio of 0.99. The increasing trend in total asset turnover from 2022 to 2024 suggests that the company is becoming more efficient in generating revenue from its assets. However, compared to 2020, where the ratio was 1.20, there has been a slight decline in asset utilization efficiency. Overall, the company's ability to generate revenue from its assets has shown variability over the years, but the recent increase in the ratio indicates improved asset utilization.
Peer comparison
Sep 30, 2024