Days Inventory is also known as Days Sales of Inventory (DSI). The Scotts Miracle Gro Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,025 Mil. The Scotts Miracle Gro Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $348 Mil.
Hence, The Scotts Miracle Gro Co's Days Inventory for the
three
months ended in Dec. 2023 was 268.60.
The historical rank and industry rank for The Scotts Miracle Gro Co's Days Inventory or its related term are showing as below:
SMG'
s Days Inventory Range Over the Past 10 Years
Min: 76.17 Med: 90.01 Max: 147.74
Current: 145.11
During the past 13 years, The Scotts Miracle Gro Co's highest Days Inventory was 147.74. The lowest was 76.17. And the median was 90.01.
SMG's Days Inventory is ranked worse than 63.76% of 229
companies
in the Agriculture industry
Industry Median: 108.6
vs SMG: 145.11
The Scotts Miracle Gro Co's Days Inventory
declined
from Dec. 2022 (303.82) to Dec. 2023 (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
three
months 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
three
months ended in Dec. 2023 was 2.50.
The Scotts Miracle Gro Co Days Inventory Historical Data
The historical data trend for The Scotts Miracle Gro Co's Days 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.
Competitive Comparison of The Scotts Miracle Gro Co's Days Inventory
For the Agricultural Inputs subindustry, The Scotts Miracle Gro Co's Days Inventory, along with its competitors' market caps and Days Inventory 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's Days Inventory Distribution in the Agriculture Industry
For the Agriculture industry and Basic Materials sector, The Scotts Miracle Gro Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Scotts Miracle Gro Co's Days Inventory falls into.
The Scotts Miracle Gro Co Days Inventory Calculation
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 fiscal year that ended in Sep. 2023 is calculated as
* 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.
The Scotts Miracle Gro Co (NYSE:SMG) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
The Scotts Miracle Gro Co's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
The Scotts Miracle Gro Co Days Inventory Related Terms
Thank you for viewing the detailed overview of The Scotts Miracle Gro Co's Days Inventory 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
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.
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