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The Scotts Miracle Gro Co (NYSE:SMG)
Days Inventory
86.94 (As of Mar. 2016)

The Scotts Miracle Gro Co's average inventory for the three months ended in Mar. 2016 was $689 Mil. The Scotts Miracle Gro Co's cost of goods sold for the three months ended in Mar. 2016 was $724 Mil. Hence, The Scotts Miracle Gro Co's days inventory for the three months ended in Mar. 2016 was 86.94.

SMG' s Days Inventory Range Over the Past 10 Years
Min: 71.59   Max: 79.66
Current: 100.57

71.59
79.66

During the past 13 years, The Scotts Miracle Gro Co's highest Days Inventory was 79.66. The lowest was 71.59. And the median was 74.24.

SMG's Days Inventory is ranked lower than
58% of the 202 Companies
in the Global Agricultural Inputs industry.

( Industry Median: 89.77 vs. SMG: 100.57 )

The Scotts Miracle Gro Co's days inventory declined from Mar. 2015 (89.34) to Mar. 2016 (86.94).

Inventory can be measured by Days Sales of Inventory (DSI). The Scotts Miracle Gro Co's days sales of inventory (DSI) for the three months ended in Mar. 2016 was 50.52.

Inventory turnover measures how fast the company turns over its inventory within a year. The Scotts Miracle Gro Co's inventory turnover for the three months ended in Mar. 2016 was 1.05.

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 three months ended in Mar. 2016 was 0.55.


Definition

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 fiscal year that ended in Sep. 2015 is calculated as

Days Inventory (A: Sep. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Sep. 2014 ) + Inventory (A: Sep. 2015 )) / 2 ) / COGS (A: Sep. 2015 )*Days in Period
=( (385.1 + 407.6) / 2 ) / 1951.6*365
=396.35 / 1951.6*365
=74.13

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

Days Inventory (Q: Mar. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Dec. 2015 ) + Inventory (Q: Mar. 2016 )) / 2 ) / COGS (Q: Mar. 2016 )*Days in Period
=( (759.2 + 619.6) / 2 ) / 723.6*365 / 4
=689.4 / 723.6*365 / 4
=86.94

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


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

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

The Scotts Miracle Gro Co's Days Sales of Inventory for the three months ended in Mar. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=689.4/1245.2*365 / 4
=50.52

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

The Scotts Miracle Gro Co's Inventory Turnover for the three months ended in Mar. 2016 is calculated as

3. 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 three months ended in Mar. 2016 is calculated as

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


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, 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
DaysInventory 76.9479.6673.4477.7874.3573.6878.4873.6171.5974.13

The Scotts Miracle Gro Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysInventory 272.7081.2061.48112.34260.6989.3459.59113.81262.1186.94
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