The Scotts Miracle Gro Co (LTS:0L45) ROCE % : -10.21% (As of Dec. 2023)

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What is The Scotts Miracle Gro Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. The Scotts Miracle Gro Co's annualized ROCE % for the quarter that ended in Dec. 2023 was -10.21%.

The Scotts Miracle Gro Co ROCE % Historical Data

The historical data trend for The Scotts Miracle Gro Co's ROCE % 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 ROCE % Chart

The Scotts Miracle Gro Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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28.18

24.40

24.83

-12.58

-9.21

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
ROCE %	Get a 7-Day Free Trial															21.96	11.76	-72.24	-10.21	36.30

The Scotts Miracle Gro Co ROCE % Calculation

The Scotts Miracle Gro Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	-275.2	/	( ( (4296.8 - 963.9)	+	(3413.7 - 773.7) )	/ 2 )
	=	-275.2	/	( (3332.9	+	2640)	/ 2 )
	=	-275.2	/	2986.45
	=	-9.21 %

The Scotts Miracle Gro Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-285.6	/	( ( (3413.7 - 773.7)	+	(3716.1 - 764.1) )	/ 2 )
	=	-285.6	/	( ( 2640	+	2952 )	/ 2 )
	=	-285.6	/	2796
	=	-10.21 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

The Scotts Miracle Gro Co (LTS:0L45) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

The Scotts Miracle Gro Co ROCE % Related Terms

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The Scotts Miracle Gro Co (LTS:0L45) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Agriculture » The Scotts Miracle Gro Co (LTS:0L45) » Definitions » ROCE %

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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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