The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Inventory-to-Revenue

: 2.50 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. The Scotts Miracle Gro Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,025 Mil. The Scotts Miracle Gro Co's Revenue for the three months ended in Dec. 2023 was $410 Mil. The Scotts Miracle Gro Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.50.

The Scotts Miracle Gro Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Sep. 2023 (2.36) to Sep. 2023 (2.50)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Scotts Miracle Gro Co's Days Inventory for the three months ended in Dec. 2023 was 268.60.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Scotts Miracle Gro Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.34.

The Scotts Miracle Gro Co Inventory-to-Revenue Historical Data

The historical data trend for The Scotts Miracle Gro Co's Inventory-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

The Scotts Miracle Gro Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory-to-Revenue

Get a 7-Day Free Trial

0.16

0.14

0.18

0.32

0.31

The Scotts Miracle Gro Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															2.72	0.87	0.90	2.36	2.50

Competitive Comparison

For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Scotts Miracle Gro Co Inventory-to-Revenue Distribution

For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where The Scotts Miracle Gro Co's Inventory-to-Revenue falls into.

The Scotts Miracle Gro Co Inventory-to-Revenue Calculation

The Scotts Miracle Gro Co's Inventory-to-Revenue for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory-to-Revenue (A: Sep. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )
=	( (1343.5	+	880.3)	/	2 )	/	3551.3
=	1111.9					/	3551.3
=	0.31

The Scotts Miracle Gro Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (880.3	+	1169.6)	/	2 )	/	410.4
=	1024.95					/	410.4
=	2.50

The Scotts Miracle Gro Co (NYSE:SMG) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

The Scotts Miracle Gro Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1024.95	/	348.2	*	365 / 4
	=	268.60

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

The Scotts Miracle Gro Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	348.2	/	1024.95
	=	0.34

The Scotts Miracle Gro Co Inventory-to-Revenue Related Terms

Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.

The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Scotts Miracle Gro Co (NYSE:SMG) » Definitions » Inventory-to-Revenue

Comparable Companies

Traded in Other Exchanges

SCQA:Germany SCQA:Germany

Address

14111 Scottslawn Road, Marysville, OH, USA, 43041

Website

https://www.scottsmiraclegro.com

Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.

Executives

Nancy G. Mistretta	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Kelly Thomas N Jr	director	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Hagedorn Partnerships L P	10 percent owner	SCOTTS MIRACLE-GRO PRODUCTS INC, 800 PORT WASHINGTON BLVD, PORT WASHINGTON NY 11050
James Hagedorn	director, 10 percent owner, officer: President and CEO	C/O SCOTTS CO, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Julie Demuesy	officer: SVP, CHIEF HUMAN RESOURCES	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Mark D Kingdon	director	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Stephen L Johnson	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Edith Aviles	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Dimiter Todorov	officer: EVP, GC & CORPORATE SECRETARY	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Matthew E Garth	officer: EVP & CFO	622 THIRD AVENUE, 38TH FLOOR, NEW YORK NY 10017
David C Evans	officer: EVP and CFO	C/O THE SCOTTS MIRACLE-GRO COMPANY, 14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Peter E Shumlin	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
Brian E Sandoval	director	14111 SCOTTSLAWN ROAD, MARYSVILLE OH 43041
James D King	officer: EVP and CCO	14111 SCOTTSLAWN RD, MARYSVILLE OH 43041
Gerald Volas	director	C/O TREX COMPANY INC., 160 EXETER DRIVE, WINCHESTER VA 22603