Analysis of Geographic Areas
General Mills Inc. operates in 2 regions: United States and Non-United States.
Area Asset Turnover
General Mills Inc., asset turnover by geographic area
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | |
|---|---|---|---|---|---|---|
| United States | 4.34 | 3.67 | 4.13 | 4.33 | 4.58 | 4.54 |
| Non-United States | 4.81 | 4.55 | 4.53 | 4.69 | 4.86 | 4.54 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
| Non-United States | Non-United States area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Area Asset Turnover: United States
General Mills Inc.; United States; area asset turnover calculation
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 12,462,800) | 11,115,600) | 11,160,900) | 11,930,900) | 12,501,800) | 12,523,000) |
| Land, buildings, and equipment | 2,872,800) | 3,031,700) | 2,704,000) | 2,755,100) | 2,727,500) | 2,756,600) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.34 | 3.67 | 4.13 | 4.33 | 4.58 | 4.54 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
1 2019 Calculation
Area asset turnover = Net sales ÷ Land, buildings, and equipment
= 12,462,800 ÷ 2,872,800 = 4.34
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Area Asset Turnover: Non-United States
General Mills Inc.; Non-United States; area asset turnover calculation
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | |
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Net sales | 4,402,400) | 4,624,800) | 4,458,900) | 4,632,200) | 5,128,500) | 5,386,600) |
| Land, buildings, and equipment | 914,400) | 1,015,500) | 983,700) | 988,500) | 1,055,800) | 1,185,300) |
| Area Activity Ratio | ||||||
| Area asset turnover1 | 4.81 | 4.55 | 4.53 | 4.69 | 4.86 | 4.54 |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
1 2019 Calculation
Area asset turnover = Net sales ÷ Land, buildings, and equipment
= 4,402,400 ÷ 914,400 = 4.81
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Non-United States | Non-United States area asset turnover ratio improved from 2017 to 2018 and from 2018 to 2019. |
Net sales
General Mills Inc., net sales by geographic area
US$ in thousands
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | |
|---|---|---|---|---|---|---|
| United States | 12,462,800) | 11,115,600) | 11,160,900) | 11,930,900) | 12,501,800) | 12,523,000) |
| Non-United States | 4,402,400) | 4,624,800) | 4,458,900) | 4,632,200) | 5,128,500) | 5,386,600) |
| Total | 16,865,200) | 15,740,400) | 15,619,800) | 16,563,100) | 17,630,300) | 17,909,600) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
Land, buildings, and equipment
General Mills Inc., land, buildings, and equipment by geographic area
US$ in thousands
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | |
|---|---|---|---|---|---|---|
| United States | 2,872,800) | 3,031,700) | 2,704,000) | 2,755,100) | 2,727,500) | 2,756,600) |
| Non-United States | 914,400) | 1,015,500) | 983,700) | 988,500) | 1,055,800) | 1,185,300) |
| Total | 3,787,200) | 4,047,200) | 3,687,700) | 3,743,600) | 3,783,300) | 3,941,900) |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).