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

The Scotts Miracle Gro Co's payable for the three months ended in Mar. 2016 was $294 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 payable for the three months ended in Mar. 2016 was 37.05.

SMG' s Days Payable Range Over the Past 10 Years
Min: 25.96   Max: 42.01
Current: 53.02

25.96
42.01

During the past 13 years, The Scotts Miracle Gro Co's highest Days Payable was 42.01. The lowest was 25.96. And the median was 35.40.

SMG's Days Payable is ranked lower than
60% of the 176 Companies
in the Global Agricultural Inputs industry.

( Industry Median: 62.19 vs. SMG: 53.02 )

The Scotts Miracle Gro Co's days payable declined from Mar. 2015 (41.53) to Mar. 2016 (37.05). It may suggest that The Scotts Miracle Gro Co accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

The Scotts Miracle Gro Co's Days Payable for the fiscal year that ended in Sep. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=197.9/1951.6*365
=37.01

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=293.8/723.6*365 / 4
=37.05

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


Related Terms

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
DaysPayable 42.0139.5837.1033.7925.9629.8729.8127.4038.9837.01

The Scotts Miracle Gro Co Quarterly Data

Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16
DaysPayable 135.2648.2936.7756.19107.4141.5337.6354.71104.9137.05
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