Scotts Miracle-Gro Company (SMG)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 850,500 | 657,300 | 872,900 | 1,469,000 | 1,347,000 |
| Revenue | US$ in thousands | 3,553,100 | 3,371,900 | 3,804,700 | 4,835,700 | 4,051,100 |
| Gross profit margin | 23.94% | 19.49% | 22.94% | 30.38% | 33.25% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $850,500K ÷ $3,553,100K
= 23.94%
The gross profit margin of Scotts Miracle-Gro Company has shown varying trends over the past five years. In the fiscal year ending September 30, 2024, the gross profit margin increased to 23.94% from 19.49% in the prior year. This improvement indicates that the company was able to generate more gross profit relative to its revenue, which could be attributed to effective cost management or pricing strategies.
However, compared to the fiscal year ending September 30, 2020, where the gross profit margin stood at 33.25%, the recent margin of 23.94% reflects a notable decline over the last four years. This downward trend may warrant further investigation into the factors influencing the company's cost structure, pricing dynamics, or changes in product mix.
The gross profit margin is a key indicator of a company's efficiency in managing production costs and pricing strategy. Analyzing this trend can provide insights into Scotts Miracle-Gro Company's operational performance and competitiveness within its industry.
Peer comparison
Sep 30, 2024