Total Asset Turnover
since 2005
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General Mills Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
General Mills Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Net sales1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| May 26, 2019 | = | ÷ | |||
| May 27, 2018 | = | ÷ | |||
| May 28, 2017 | = | ÷ | |||
| May 29, 2016 | = | ÷ | |||
| May 31, 2015 | = | ÷ | |||
| May 25, 2014 | = | ÷ | |||
| May 26, 2013 | = | ÷ | |||
| May 27, 2012 | = | ÷ | |||
| May 29, 2011 | = | ÷ | |||
| May 30, 2010 | = | ÷ | |||
| May 31, 2009 | = | ÷ | |||
| May 25, 2008 | = | ÷ | |||
| May 27, 2007 | = | ÷ | |||
| May 28, 2006 | = | ÷ | |||
| May 29, 2005 | = | ÷ |
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), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
1 US$ in thousands
- Net Sales
- Over the period from 2005 to 2019, net sales demonstrate a general upward trend, increasing from approximately $11.2 billion in 2005 to $16.9 billion in 2019. Notably, the growth is steady with periodic fluctuations, peaking around 2013-2014 followed by a slight decline and eventual recovery in the final year reported.
- Total Assets
- Total assets display variability throughout the period. Initially, assets remain relatively stable between 2005 and 2007, followed by a decline in 2008-2010. After 2010, assets generally increase, reaching a significant peak in 2018 at over $30.6 billion, before slightly decreasing in 2019. This pattern suggests notable investments or acquisitions occurring particularly in the later years.
- Total Asset Turnover
- The total asset turnover ratio trends downward over the analyzed period. Starting at 0.62 in 2005, the ratio peaks near 0.84 around 2010 but subsequently declines, reaching its lowest levels in 2018 and 2019 at 0.51 and 0.56 respectively. This indicates a decreasing efficiency in utilizing assets to generate sales towards the end of the period.
- Overall Insights
- While net sales exhibit consistent growth, the total assets increase significantly especially from 2013 onwards, implying expanded asset base, possibly through acquisitions or capital expenditures. However, the declining asset turnover in more recent years suggests that the company's efficiency in employing its assets to produce sales has diminished. This divergence between asset growth and turnover ratio may warrant closer investigation into asset utilization and operational efficiency.
Comparison to Competitors
General Mills Inc., total asset turnover, long-term trends, comparison to competitors
| General Mills Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| May 26, 2019 | |||||
| May 27, 2018 | |||||
| May 28, 2017 | |||||
| May 29, 2016 | |||||
| May 31, 2015 | |||||
| May 25, 2014 | |||||
| May 26, 2013 | |||||
| May 27, 2012 | |||||
| May 29, 2011 | |||||
| May 30, 2010 | |||||
| May 31, 2009 | |||||
| May 25, 2008 | |||||
| May 27, 2007 | |||||
| May 28, 2006 | |||||
| May 29, 2005 |
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), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Sector (Food, Beverage & Tobacco)
General Mills Inc., total asset turnover, long-term trends, comparison to sector (food, beverage & tobacco)
| General Mills Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| May 26, 2019 | ||
| May 27, 2018 | ||
| May 28, 2017 | ||
| May 29, 2016 | ||
| May 31, 2015 | ||
| May 25, 2014 | ||
| May 26, 2013 | ||
| May 27, 2012 | ||
| May 29, 2011 | ||
| May 30, 2010 | ||
| May 31, 2009 | ||
| May 25, 2008 | ||
| May 27, 2007 | ||
| May 28, 2006 | ||
| May 29, 2005 |
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), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).
Comparison to Industry (Consumer Staples)
General Mills Inc., total asset turnover, long-term trends, comparison to industry (consumer staples)
| General Mills Inc. | Consumer Staples | |
|---|---|---|
| May 26, 2019 | ||
| May 27, 2018 | ||
| May 28, 2017 | ||
| May 29, 2016 | ||
| May 31, 2015 | ||
| May 25, 2014 | ||
| May 26, 2013 | ||
| May 27, 2012 | ||
| May 29, 2011 | ||
| May 30, 2010 | ||
| May 31, 2009 | ||
| May 25, 2008 | ||
| May 27, 2007 | ||
| May 28, 2006 | ||
| May 29, 2005 |
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), 10-K (reporting date: 2013-05-26), 10-K (reporting date: 2012-05-27), 10-K (reporting date: 2011-05-29), 10-K (reporting date: 2010-05-30), 10-K (reporting date: 2009-05-31), 10-K (reporting date: 2008-05-25), 10-K (reporting date: 2007-05-27), 10-K (reporting date: 2006-05-28), 10-K (reporting date: 2005-05-29).