The Scotts Miracle Gro Co (The Scotts Miracle Gro Co) Change In Inventory : $341 Mil (TTM As of Dec. 2023)

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What is The Scotts Miracle Gro Co Change In Inventory?

The Scotts Miracle Gro Co's change in inventory for the quarter that ended in Dec. 2023 was $-286 Mil. It means The Scotts Miracle Gro Co's inventory increased by $286 Mil from Sep. 2023 to Dec. 2023 .

The Scotts Miracle Gro Co's change in inventory for the fiscal year that ended in Sep. 2023 was $451 Mil. It means The Scotts Miracle Gro Co's inventory declined by $451 Mil from Sep. 2022 to Sep. 2023 .

The Scotts Miracle Gro Co's Total Inventories for the quarter that ended in Dec. 2023 was $1,170 Mil.

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 quarter that 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.

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 Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.50.

The Scotts Miracle Gro Co Change In Inventory Historical Data

The historical data trend for The Scotts Miracle Gro Co's Change In Inventory 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.

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The Scotts Miracle Gro Co Change In Inventory Chart

The Scotts Miracle Gro Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-65.00

-80.60

-496.50

-203.80

450.50

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
Change In Inventory	Get a 7-Day Free Trial															-177.20	382.50	243.30	1.90	-286.30

The Scotts Miracle Gro Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $341 Mil.

The Scotts Miracle Gro Co (NYSE:SMG) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	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	/	Average Total Inventories
	=	348.2	/	1024.95
	=	0.34

3. 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 Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1024.95	/	410.4
	=	2.50

The Scotts Miracle Gro Co Change In Inventory Related Terms

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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 » Change In Inventory

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