Scotts Cost Of Revenue vs Non Recurring Analysis

SMG Stock  USD 67.75  0.09  0.13%   
Scotts Miracle financial indicator trend analysis is much more than just breaking down Scotts Miracle Gro prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Scotts Miracle Gro is a good investment. Please check the relationship between Scotts Miracle Cost Of Revenue and its Non Recurring accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scotts Miracle Gro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.

Cost Of Revenue vs Non Recurring

Cost Of Revenue vs Non Recurring Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Scotts Miracle Gro Cost Of Revenue account and Non Recurring. At this time, the significance of the direction appears to have strong relationship.
The correlation between Scotts Miracle's Cost Of Revenue and Non Recurring is 0.64. Overlapping area represents the amount of variation of Cost Of Revenue that can explain the historical movement of Non Recurring in the same time period over historical financial statements of Scotts Miracle Gro, assuming nothing else is changed. The correlation between historical values of Scotts Miracle's Cost Of Revenue and Non Recurring is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cost Of Revenue of Scotts Miracle Gro are associated (or correlated) with its Non Recurring. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Non Recurring has no effect on the direction of Cost Of Revenue i.e., Scotts Miracle's Cost Of Revenue and Non Recurring go up and down completely randomly.

Correlation Coefficient

0.64
Relationship DirectionPositive 
Relationship StrengthSignificant

Cost Of Revenue

Cost of Revenue is found on Scotts Miracle Gro income statement and represents the costs associated with goods and services Scotts Miracle provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.

Non Recurring

Most indicators from Scotts Miracle's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Scotts Miracle Gro current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scotts Miracle Gro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
At this time, Scotts Miracle's Enterprise Value Over EBITDA is most likely to increase significantly in the upcoming years. The Scotts Miracle's current Enterprise Value Multiple is estimated to increase to 52.87, while Tax Provision is forecasted to increase to (62.6 M).
 2021 2022 2023 2024 (projected)
Total Revenue3.9B3.6B4.1B2.5B
Depreciation And Amortization105.2M92.5M106.4M65.2M

Scotts Miracle fundamental ratios Correlations

0.720.870.960.110.930.690.740.880.330.970.640.330.790.380.730.790.62-0.860.780.940.20.640.510.70.71
0.720.660.65-0.520.671.00.260.560.00.690.920.00.370.271.00.920.78-0.870.990.690.080.440.810.260.3
0.870.660.92-0.050.910.640.530.80.190.830.590.190.790.440.680.710.56-0.780.740.85-0.120.410.620.680.7
0.960.650.920.130.890.630.730.940.330.910.610.330.850.350.670.780.58-0.810.740.940.10.540.520.680.69
0.11-0.52-0.050.130.04-0.560.660.190.50.15-0.560.50.440.18-0.51-0.34-0.330.17-0.430.040.290.33-0.510.490.48
0.930.670.910.890.040.650.630.710.190.910.530.190.770.560.680.680.62-0.820.720.860.180.580.50.810.81
0.691.00.640.63-0.560.650.220.52-0.070.670.91-0.070.340.250.990.90.77-0.860.980.650.080.430.80.240.28
0.740.260.530.730.660.630.220.710.450.780.130.450.790.310.260.380.24-0.610.340.620.340.740.080.750.77
0.880.560.80.940.190.710.520.710.470.790.590.470.780.160.580.770.54-0.70.660.91-0.070.380.50.50.53
0.330.00.190.330.50.19-0.070.450.470.220.191.00.410.330.050.250.19-0.050.10.45-0.130.060.150.360.37
0.970.690.830.910.150.910.670.780.790.220.560.220.760.360.680.690.49-0.870.730.830.310.780.460.720.73
0.640.920.590.61-0.560.530.910.130.590.190.560.190.280.160.940.920.72-0.720.920.69-0.070.220.830.090.12
0.330.00.190.330.50.19-0.070.450.471.00.220.190.410.330.050.260.19-0.050.110.44-0.130.060.160.360.36
0.790.370.790.850.440.770.340.790.780.410.760.280.410.620.410.520.42-0.590.50.750.150.580.310.860.88
0.380.270.440.350.180.560.250.310.160.330.360.160.330.620.310.260.45-0.250.340.360.240.370.290.780.78
0.731.00.680.67-0.510.680.990.260.580.050.680.940.050.410.310.930.8-0.850.990.710.030.410.840.290.33
0.790.920.710.78-0.340.680.90.380.770.250.690.920.260.520.260.930.86-0.820.950.86-0.020.310.750.310.34
0.620.780.560.58-0.330.620.770.240.540.190.490.720.190.420.450.80.86-0.620.80.740.040.150.650.350.36
-0.86-0.87-0.78-0.810.17-0.82-0.86-0.61-0.7-0.05-0.87-0.72-0.05-0.59-0.25-0.85-0.82-0.62-0.88-0.76-0.14-0.63-0.61-0.53-0.56
0.780.990.740.74-0.430.720.980.340.660.10.730.920.110.50.340.990.950.8-0.880.760.040.450.840.350.4
0.940.690.850.940.040.860.650.620.910.450.830.690.440.750.360.710.860.74-0.760.760.030.390.530.60.6
0.20.08-0.120.10.290.180.080.34-0.07-0.130.31-0.07-0.130.150.240.03-0.020.04-0.140.040.030.64-0.320.30.26
0.640.440.410.540.330.580.430.740.380.060.780.220.060.580.370.410.310.15-0.630.450.390.640.140.640.66
0.510.810.620.52-0.510.50.80.080.50.150.460.830.160.310.290.840.750.65-0.610.840.53-0.320.140.150.22
0.70.260.680.680.490.810.240.750.50.360.720.090.360.860.780.290.310.35-0.530.350.60.30.640.150.99
0.710.30.70.690.480.810.280.770.530.370.730.120.360.880.780.330.340.36-0.560.40.60.260.660.220.99
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Scotts Miracle Account Relationship Matchups

Scotts Miracle fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets3.4B4.8B4.3B3.4B3.9B2.2B
Short Long Term Debt Total1.5B2.3B3.0B2.6B3.0B3.2B
Other Current Liab493M473.2M397M450.2M517.7M263.5M
Total Current Liabilities950.4M1.1B963.9M773.7M889.8M519.7M
Total Stockholder Equity702.9M1.0B147.7M(267.3M)(307.4M)(292.0M)
Property Plant And Equipment Net560M622.2M606M610.3M701.8M378.7M
Net Debt1.5B2.1B2.9B2.6B3.0B3.1B
Retained Earnings1.2B1.6B1.0B490.9M564.5M520.9M
Accounts Payable391M609.4M422.6M271.2M311.9M181.0M
Cash16.6M244.1M86.8M31.9M36.7M68.3M
Non Current Assets Total2.2B2.8B2.3B2.0B2.3B1.3B
Non Currrent Assets Other106.6M468.3M537.4M443.3M509.8M535.3M
Cash And Short Term Investments16.6M244.1M86.8M31.9M36.7M70.1M
Net Receivables497.1M483.4M378.8M304.2M349.8M298.7M
Common Stock Shares Outstanding56.9M57.2M55.5M56M64.4M62.9M
Liabilities And Stockholders Equity3.4B4.8B4.3B3.4B3.9B2.2B
Non Current Liabilities Total1.7B2.6B3.2B2.9B3.3B3.5B
Inventory621.9M1.1B1.3B880.3M1.0B1.1B
Other Current Assets81M169.9M252.6M181.4M208.6M219.0M
Other Stockholder Equity(916.1M)(1.0B)(1.1B)(998.5M)(898.7M)(853.7M)
Total Liab2.7B3.8B4.1B3.7B4.2B4.4B
Total Current Assets1.2B2.0B2.0B1.4B1.6B887.6M
Short Term Debt66.4M57.8M144.3M52.3M60.1M74.9M
Intangible Assets679.2M709.6M580.2M436.7M502.2M538.7M
Property Plant And Equipment Gross716M1.7B606M1.6B1.9B2.0B
Accumulated Other Comprehensive Income(99.1M)(66.4M)(144.6M)(112.8M)(101.5M)(106.6M)
Common Stock482.5M477M364M353.1M406.1M228.7M
Common Stock Total Equity442.2M482.5M477M364M418.6M319.2M
Other Liab149.1M409.6M359M129.8M149.3M191.7M
Other Assets381M804K680.9M633.1M728.1M764.5M
Long Term Debt1.5B2.2B2.8B2.6B2.9B3.1B
Good Will544.1M605.2M254M243.9M280.5M441.2M
Treasury Stock(904.3M)(921.8M)(1.0B)(1.1B)(982.6M)(933.5M)
Property Plant Equipment716M622.2M606M610.3M701.8M480.4M
Net Tangible Assets697.2M(301.5M)(686.5M)(947.9M)(853.1M)(810.5M)
Long Term Debt Total1.5B2.2B2.8B2.6B2.9B1.5B

Scotts Miracle Investors Sentiment

The influence of Scotts Miracle's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Scotts. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Scotts Miracle's public news can be used to forecast risks associated with an investment in Scotts. The trend in average sentiment can be used to explain how an investor holding Scotts can time the market purely based on public headlines and social activities around Scotts Miracle Gro. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Scotts Miracle's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Scotts Miracle's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Scotts Miracle's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Scotts Miracle.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Scotts Miracle in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Scotts Miracle's short interest history, or implied volatility extrapolated from Scotts Miracle options trading.

Currently Active Assets on Macroaxis

When determining whether Scotts Miracle Gro is a strong investment it is important to analyze Scotts Miracle's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Scotts Miracle's future performance. For an informed investment choice regarding Scotts Stock, refer to the following important reports:
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Scotts Miracle Gro. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.

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Is Scotts Miracle's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Scotts Miracle. If investors know Scotts will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Scotts Miracle listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.61)
Dividend Share
2.64
Earnings Share
(7.04)
Revenue Per Share
61.014
Quarterly Revenue Growth
(0.22)
The market value of Scotts Miracle Gro is measured differently than its book value, which is the value of Scotts that is recorded on the company's balance sheet. Investors also form their own opinion of Scotts Miracle's value that differs from its market value or its book value, called intrinsic value, which is Scotts Miracle's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Scotts Miracle's market value can be influenced by many factors that don't directly affect Scotts Miracle's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Scotts Miracle's value and its price as these two are different measures arrived at by different means. Investors typically determine if Scotts Miracle is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Scotts Miracle's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.