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The Scotts Miracle Gro Co (NYSE:SMG)
Change In Inventory
$172 Mil (As of Jun. 2016)

The Scotts Miracle Gro Co's change in inventory for the quarter that ended in Jun. 2016 was $172 Mil. It means The Scotts Miracle Gro Co's inventory increased by $172 Mil from Mar. 2016 to Jun. 2016 .

The Scotts Miracle Gro Co's change in inventory for the fiscal year that ended in Sep. 2015 was $-18 Mil. It means The Scotts Miracle Gro Co's inventory declined by $18 Mil from Sep. 2014 to Sep. 2015 .

The Scotts Miracle Gro Co's inventory for the quarter that ended in Jun. 2016 was $470 Mil.

Days inventory indicates the number of days of goods in sales that a company has in the inventory. The Scotts Miracle Gro Co's days inventory for the quarter that ended in Jun. 2016 was 78.07.

Inventory can be measured by Days Sales of Inventory (DSI). The Scotts Miracle Gro Co's days sales of inventory (DSI) for the quarter that ended in Jun. 2016 was 50.00.

Inventory turnover measures how fast the company turns over its inventory within a year. The Scotts Miracle Gro Co's inventory turnover for the quarter that ended in Jun. 2016 was 1.17.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. The Scotts Miracle Gro Co's inventory to revenue ratio for the quarter that ended in Jun. 2016 was 0.55.


Definition

Change In Inventory is the difference between last period’s ending inventory and the current period’s ending inventory.


Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

The Scotts Miracle Gro Co's Days Inventory for the quarter that ended in Jun. 2016 is calculated as:

Days Inventory=Average Inventory/Cost of Goods Sold*Days in Period
=544.75/636.7*365 / 4
=78.07

2. Inventory can be measured by Days Sales of Inventory (DSI).

The Scotts Miracle Gro Co's Days Sales of Inventory for the quarter that ended in Jun. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=544.75/994.1*365 / 4
=50.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

The Scotts Miracle Gro Co's Inventory Turnover for the quarter that ended in Jun. 2016 is calculated as

4. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

The Scotts Miracle Gro Co's Inventory to Revenue for the quarter that ended in Jun. 2016 is calculated as

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Inventory, Days Inventory, Cost of Goods Sold, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

The Scotts Miracle Gro Co Annual Data

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
ChangeInInventory -6113-18-4751-38-2389-39-18

The Scotts Miracle Gro Co Quarterly Data

Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16
ChangeInInventory 5615925-301851954-354130172
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