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Scotts Miracle Gro Co (NYSE:SMG)
Days Payable
56.19 (As of Sep. 2014)

Scotts Miracle Gro Co's payable for the three months ended in Sep. 2014 was $193 Mil. Scotts Miracle Gro Co's cost of goods sold for the three months ended in Sep. 2014 was $314 Mil. Hence, Scotts Miracle Gro Co's days payable for the three months ended in Sep. 2014 was 56.19.

Scotts Miracle Gro Co's days payable increased from Sep. 2013 (41.40) to Sep. 2014 (56.19). It may suggest that Scotts Miracle Gro Co delayed 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.

Scotts Miracle Gro Co's Days Payable for the fiscal year that ended in Sep. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=193.3/1809.9*365
=38.98

Scotts Miracle Gro Co's Days Payable for the quarter that ended in Sep. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=193.3/313.9*365 / 4
=56.19

* 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.

Scotts Miracle Gro Co Annual Data

Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14
DaysPayable 36.6942.0139.5837.1036.0628.3930.5829.8127.9938.98

Scotts Miracle Gro Co Quarterly Data

Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14
DaysPayable 32.3046.9296.8947.3830.2141.40130.4148.2936.7756.19
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