Stock Analysis on Net
Stock Analysis on Net

General Mills Inc. (NYSE:GIS)

This company has been moved to the archive! The financial data has not been updated since December 18, 2019.

Analysis of Bad Debts

Microsoft Excel

Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.

Allowance for Doubtful Accounts Receivable

Microsoft Excel
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Selected Financial Data (US$ in thousands)
Allowance for doubtful accounts 28,800 28,400 24,300 29,600 25,300 21,000
Receivables, customers 1,708,500 1,712,600 1,454,400 1,390,400 1,412,000 1,504,600
Financial Ratio
Allowance as a percentage of receivables, customers1 1.69% 1.66% 1.67% 2.13% 1.79% 1.40%

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
Allowance as a percentage of receivables, customers = 100 × Allowance for doubtful accounts ÷ Receivables, customers
= 100 × 28,800 ÷ 1,708,500 = 1.69%

Financial ratio Description The company
Allowance as a percentage of receivables, customers Allowance for doubtful accounts divided by the gross accounts receivable. General Mills Inc. allowance as a percentage of receivables, customers decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.