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

The Scotts Miracle Gro Co's payable for the three months ended in Sep. 2016 was $166 Mil. The Scotts Miracle Gro Co's cost of goods sold for the three months ended in Sep. 2016 was $303 Mil. Hence, The Scotts Miracle Gro Co's days payable for the three months ended in Sep. 2016 was 50.03.

SMG' s Days Payable Range Over the Past 10 Years
Min: 27.99   Max: 41.79
Current: 32.45

27.99
41.79

During the past 13 years, The Scotts Miracle Gro Co's highest Days Payable was 41.79. The lowest was 27.99. And the median was 34.48.

SMG's Days Payable is ranked lower than
74% of the 178 Companies
in the Global Agricultural Inputs industry.

( Industry Median: 60.77 vs. SMG: 32.45 )

The Scotts Miracle Gro Co's days payable declined from Sep. 2015 (61.91) to Sep. 2016 (50.03). 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. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=165.9/1840.7*365
=32.90

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=165.9/302.6*365 / 4
=50.03

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

The Scotts Miracle Gro Co Annual Data

Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15Sep16
DaysPayable 39.5837.1036.0628.3930.5830.6527.9941.7938.7332.90

The Scotts Miracle Gro Co Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
DaysPayable 36.7791.77107.4141.5338.8161.91104.9137.0535.7650.03
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