Scotts Miracle-Gro Company (SMG)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 24.54% | 24.32% | 20.74% | 19.16% | 19.49% | 18.41% | 18.83% | 22.69% | 22.94% | 26.40% | 29.60% | 30.07% | 30.38% | 31.05% | 32.44% | 33.30% | 33.11% | 33.20% | 33.37% | 33.00% |
| Operating profit margin | 6.02% | 0.26% | -3.50% | -5.53% | -5.17% | 0.51% | -17.38% | -11.75% | -11.40% | -6.10% | 13.76% | 14.07% | 14.95% | 15.33% | 15.34% | 15.30% | 14.38% | 14.19% | 14.80% | 13.72% |
| Pretax margin | -0.68% | -8.04% | -12.39% | -14.53% | -13.44% | -4.69% | -22.15% | -15.68% | -14.67% | -8.60% | 11.75% | 12.38% | 13.90% | 14.74% | 14.39% | 14.34% | 12.56% | 11.69% | 12.74% | 19.47% |
| Net profit margin | -1.01% | -7.66% | -10.69% | -12.16% | -11.27% | -3.76% | -17.30% | -12.07% | -11.50% | -6.55% | 9.02% | 9.43% | 10.60% | 11.24% | 11.03% | 10.85% | 9.52% | 8.86% | 9.70% | 14.89% |
Over the analyzed period, Scotts Miracle-Gro Company's profitability ratios fluctuated, reflecting changing financial performance.
1. Gross Profit Margin: The gross profit margin has varied between 18.41% to 33.37%, with a recent decrease from 24.54% to 20.74%. This indicates the company's efficiency in generating profits from its revenue has been fluctuating.
2. Operating Profit Margin: The operating profit margin has demonstrated higher volatility, ranging from -17.38% to 15.34%. Notably, there was a significant improvement in the operating profit margin from negative figures to positive figures in recent quarters.
3. Pretax Margin: The pretax margin experienced fluctuations from -22.15% to 19.47%. The company showed a substantial recovery in pretax profitability from negative margins to positive margins in the most recent quarters.
4. Net Profit Margin: The net profit margin also displayed fluctuations, varying between -17.30% to 14.89%. There was a positive trend in net profit margin improvement from negative figures to positive figures in the recent quarters.
Overall, Scotts Miracle-Gro Company's profitability ratios have shown varying trends, with some recent improvements in operating, pretax, and net profit margins indicating enhanced financial performance and efficiency. However, continued monitoring and analysis are essential to assess the sustainability of these trends.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.27% | 0.25% | -2.91% | -4.84% | -5.11% | 0.40% | -12.47% | -9.71% | -10.10% | -4.95% | 9.95% | 12.47% | 15.06% | 16.66% | 15.24% | 17.04% | 17.31% | 13.46% | 11.98% | 12.50% |
| Return on assets (ROA) | -1.22% | -7.43% | -8.86% | -10.65% | -11.13% | -2.95% | -12.41% | -9.97% | -10.18% | -5.31% | 6.52% | 8.36% | 10.68% | 12.21% | 10.97% | 12.08% | 11.46% | 8.40% | 7.85% | 13.57% |
| Return on total capital | 11.71% | 0.38% | -4.54% | -6.96% | -7.62% | 0.18% | -18.86% | -13.57% | -14.79% | -6.83% | 14.40% | 16.91% | 23.11% | 25.01% | 23.84% | 26.93% | 27.45% | 20.47% | 17.80% | 27.36% |
| Return on equity (ROE) | — | — | — | — | — | -97.63% | -450.33% | -759.83% | -296.14% | -63.45% | 41.49% | 52.67% | 50.57% | 50.27% | 57.51% | 71.86% | 55.58% | 32.62% | 41.10% | 75.07% |
The profitability ratios of Scotts Miracle-Gro Company have varied significantly over the past few quarters.
- Operating return on assets (Operating ROA) has shown fluctuation, ranging from a low of -12.47% in March 2023 to a high of 17.31% in December 2020. The most recent figure, at 7.27% in September 2024, indicates a moderate level of operating efficiency in generating profits from its assets.
- Return on assets (ROA) has also exhibited volatility, with values ranging from a low of -12.41% in March 2023 to a high of 13.57% in December 2019. The latest figure of -1.22% in September 2024 suggests a negative return on assets, indicating a need for improvement in asset utilization to enhance overall profitability.
- Return on total capital has shown similar variability, with values ranging from -18.86% in March 2023 to a high of 27.36% in December 2021. The most recent figure, at 11.71% in September 2024, indicates a moderate return on the company's total capital, implying that it is generating profits efficiently using both debt and equity.
- Return on equity (ROE) also demonstrates significant fluctuation, with the most recent figure of 75.07% in March 2021 showcasing a strong return to shareholders, albeit after experiencing negative values in previous periods. This indicates that the company is improving its ability to generate profits relative to the equity invested by shareholders.
Overall, while there have been fluctuations in the profitability ratios of Scotts Miracle-Gro Company, the company shows potential for improvement in efficiency in utilizing assets, generating returns on total capital, and providing returns to shareholders. Continued monitoring and strategic efforts may be needed to sustain and enhance profitability in the future.