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Scotts Miracle Gro Co (NYSE:SMG)
Days Payable
28.83 (As of Mar. 2014)

Scotts Miracle Gro Co's payable for the three months ended in Mar. 2014 was $343 Mil. Scotts Miracle Gro Co's revenue for the three months ended in Mar. 2014 was $1,081 Mil. Hence, Scotts Miracle Gro Co's days payable for the three months ended in Mar. 2014 was 28.83.

Scotts Miracle Gro Co's days payable declined from Mar. 2013 (29.57) to Mar. 2014 (28.83). 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. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=137.7/2816.5*365
=17.85

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

Days Payable=Payable/Revenue*Days in Period
=342.5/1081*91
=28.83

* 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

Sep04Sep05Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13
DaysPayable 22.5823.3727.1225.7425.4123.2717.8519.5619.6717.85

Scotts Miracle Gro Co Quarterly Data

Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14
DaysPayable 100.4826.9120.9434.5482.0229.5718.2928.29106.9428.83
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