Scotts Miracle-Gro Company (SMG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -395,800 | -380,000 | -131,600 | -619,200 | -452,100 | -437,400 | -265,300 | 404,500 | 438,000 | 512,400 | 564,200 | 541,100 | 483,300 | 387,500 | 325,700 | 324,600 | 468,900 | 460,700 | 371,600 | 252,800 |
| Total assets | US$ in thousands | 3,716,100 | 3,413,700 | 4,454,400 | 4,988,100 | 4,534,000 | 4,296,800 | 4,993,700 | 6,207,500 | 5,242,200 | 4,800,000 | 4,621,100 | 4,934,100 | 4,000,700 | 3,380,500 | 3,876,800 | 4,135,700 | 3,456,000 | 3,028,700 | 3,467,400 | 3,956,500 |
| ROA | -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% | 15.21% | 10.72% | 6.39% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-395,800K ÷ $3,716,100K
= -10.65%
Scotts Miracle-Gro Company's return on assets (ROA) has shown significant fluctuations over the past several quarters. The ROA has been negative for most of the recent quarters, indicating that the company's assets are not being efficiently utilized to generate profits. The ROA was particularly low in the first quarter of 2020, reaching -12.41%.
However, the ROA started to improve in the following quarters, with positive figures in some periods. The highest ROA was recorded in the first quarter of 2022 at 15.21%, suggesting that the company was able to generate more profit relative to its assets during that period.
In general, the ROA trend shows a mixed performance, with peaks and troughs across the quarters. This variability in ROA can be attributed to changes in the company's profitability and asset management efficiency over time. Further analysis of the company's financial performance and operational strategies would be necessary to understand the underlying reasons for these fluctuations and to assess the overall health of the business in utilizing its assets to generate returns.
Peer comparison
Dec 31, 2023