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Scotts Miracle Gro Co (NYSE:SMG)
Days Payable
54.71 (As of Sep. 2015)

Scotts Miracle Gro Co's payable for the three months ended in Sep. 2015 was $198 Mil. Scotts Miracle Gro Co's cost of goods sold for the three months ended in Sep. 2015 was $330 Mil. Hence, Scotts Miracle Gro Co's days payable for the three months ended in Sep. 2015 was 54.71.

SMG' s Days Payable Range Over the Past 10 Years
Min: 27.99   Max: 42.01
Current: 43.31

27.99
42.01

During the past 13 years, Scotts Miracle Gro Co's highest Days Payable was 42.01. The lowest was 27.99. And the median was 35.40.

SMG's Days Payable is ranked lower than
69% of the 160 Companies
in the Global Agricultural Inputs industry.

( Industry Median: 58.96 vs. SMG: 43.31 )

Scotts Miracle Gro Co's days payable declined from Sep. 2014 (56.19) to Sep. 2015 (54.71). 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. 2015 is calculated as

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

Scotts Miracle Gro Co's Days Payable for the quarter that ended in Sep. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=197.9/330.1*365 / 4
=54.71

* 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

Sep06Sep07Sep08Sep09Sep10Sep11Sep12Sep13Sep14Sep15
DaysPayable 42.0139.5837.1033.7928.0430.5830.6527.9938.9837.01

Scotts Miracle Gro Co Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysPayable 41.40135.2648.2936.7756.19107.4140.9737.6354.71104.91
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