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Scotts Miracle Gro Co (NYSE:SMG)
Days Payable
107.41 (As of Dec. 2014)

Scotts Miracle Gro Co's payable for the three months ended in Dec. 2014 was $220 Mil. Scotts Miracle Gro Co's cost of goods sold for the three months ended in Dec. 2014 was $187 Mil. Hence, Scotts Miracle Gro Co's days payable for the three months ended in Dec. 2014 was 107.41.

Scotts Miracle Gro Co's days payable declined from Dec. 2013 (135.26) to Dec. 2014 (107.41). It may suggest that 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.

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 Dec. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=220/186.9*365 / 4
=107.41

* 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

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
DaysPayable 46.9296.8947.3830.2141.40135.2648.2936.7756.19107.41
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