Scotts Miracle-Gro Company (SMG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -34,900 | -259,300 | -347,700 | -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 |
| Total assets | US$ in thousands | 2,871,900 | 3,489,300 | 3,924,200 | 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 |
| 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-34,900K ÷ $2,871,900K
= -1.22%
The return on assets (ROA) of Scotts Miracle-Gro Company has shown fluctuations over the past few years, ranging from negative figures to double-digit percentages. The ROA was negative in recent quarters, indicating that the company's profitability in relation to its total assets was not favorable.
Specifically, ROA was -1.22% as of September 30, 2024, continuing a trend of decline from the -7.43% reported on June 30, 2024. The most significant drop occurred in the March 31, 2024 quarter, where ROA decreased to -8.86%.
In contrast, there were periods of positive ROA, with the highest reported at 13.57% on March 31, 2020, following a series of consecutive increases in the preceding quarters. Additionally, the company achieved double-digit ROA figures in 2022 and early 2023, with the highest being 12.21% on March 31, 2021.
Overall, Scotts Miracle-Gro Company's ROA performance has been volatile, suggesting fluctuations in its ability to generate earnings from its assets. Further analysis and exploration of the company's financial and operational strategies may be warranted to address the observed variations in ROA.
Peer comparison
Sep 30, 2024