The Scotts Miracle Gro Co (FRA:SCQA) Change In Inventory : €279 Mil (TTM As of Mar. 2024)

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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 Mar. 2024 was €315 Mil. It means The Scotts Miracle Gro Co's inventory declined by €315 Mil from Dec. 2023 to Mar. 2024 .

The Scotts Miracle Gro Co's change in inventory for the fiscal year that ended in Sep. 2023 was €422 Mil. It means The Scotts Miracle Gro Co's inventory declined by €422 Mil from Sep. 2022 to Sep. 2023 .

The Scotts Miracle Gro Co's Total Inventories for the quarter that ended in Mar. 2024 was €758 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 Mar. 2024 was 85.52.

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 Mar. 2024 was 1.07.

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 Mar. 2024 was 0.65.

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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-59.02

-68.43

-422.03

-205.84

422.12

The Scotts Miracle Gro Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															357.26	224.57	1.78	-262.54	315.47

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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €279 Mil.

The Scotts Miracle Gro Co (FRA:SCQA) 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
	=	915.4395	/	976.764	*	365 / 4
	=	85.52

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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	976.764	/	915.4395
	=	1.07

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 Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	915.4395	/	1403.368
	=	0.65

The Scotts Miracle Gro Co Change In Inventory Related Terms

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The Scotts Miracle Gro Co (FRA:SCQA) Business Description

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Comparable Companies

Traded in Other Exchanges

SMG:USA 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.

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