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Scotts Miracle Gro Co (NYSE:SMG)
Days Sales Outstanding
61.14 (As of Jun. 2014)

Scotts Miracle Gro Co's account receivable for the three months ended in Jun. 2014 was $750 Mil. Scotts Miracle Gro Co's revenue for the three months ended in Jun. 2014 was $1,116 Mil. Hence, Scotts Miracle Gro Co's days sales outstanding for the three months ended in Jun. 2014 was 61.14.

Scotts Miracle Gro Co's days sales outstanding increased from Jun. 2013 (54.60) to Jun. 2014 (61.14).


Definition

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Account receivable can be measured by Days Sales Outstanding.

Scotts Miracle Gro Co's Days Sales Outstanding for the fiscal year that ended in Sep. 2013 is calculated as

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=326.2/2816.5*365
=42.27

Scotts Miracle Gro Co's Days Sales Outstanding for the quarter that ended in Jun. 2014 is calculated as:

Days Sales Outstanding=Account Receivable/Revenue*Days in Period
=750.1/1116.4*91
=61.14

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Related Terms

Account Receivable, 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
DaysSalesOutstanding 50.6749.8151.4850.5649.7546.6347.4741.6444.4742.27

Scotts Miracle Gro Co Quarterly Data

Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14
DaysSalesOutstanding 87.8752.5982.6274.4687.2754.6062.3177.6191.6661.14
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