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 Long-term (Investment) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

General Mills Inc., long-term (investment) activity ratios

Microsoft Excel
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Net fixed asset turnover 4.45 3.89 4.24 4.42 4.66 4.54
Total asset turnover 0.56 0.51 0.72 0.76 0.80 0.77
Equity turnover 2.39 2.56 3.61 3.36 3.53 2.74

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).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Mills Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Mills Inc. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Mills Inc. equity turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.

Net Fixed Asset Turnover

General Mills Inc., net fixed asset turnover calculation, comparison to benchmarks

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)
Net sales 16,865,200 15,740,400 15,619,800 16,563,100 17,630,300 17,909,600
Land, buildings, and equipment 3,787,200 4,047,200 3,687,700 3,743,600 3,783,300 3,941,900
Long-term Activity Ratio
Net fixed asset turnover1 4.45 3.89 4.24 4.42 4.66 4.54
Benchmarks
Net Fixed Asset Turnover, Competitors2
Altria Group Inc. 12.56 — — — — —
Coca-Cola Co. 3.44 — — — — —
Mondelēz International Inc. 2.96 — — — — —
PepsiCo Inc. 3.48 — — — — —
Net Fixed Asset Turnover, Sector
Food, Beverage & Tobacco 3.80 — — — — —
Net Fixed Asset Turnover, Industry
Consumer Staples 4.34 — — — — —

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
Net fixed asset turnover = Net sales ÷ Land, buildings, and equipment
= 16,865,200 ÷ 3,787,200 = 4.45

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Mills Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level.

Total Asset Turnover

General Mills Inc., total asset turnover calculation, comparison to benchmarks

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)
Net sales 16,865,200 15,740,400 15,619,800 16,563,100 17,630,300 17,909,600
Total assets 30,111,200 30,624,000 21,812,600 21,712,300 21,964,500 23,145,700
Long-term Activity Ratio
Total asset turnover1 0.56 0.51 0.72 0.76 0.80 0.77
Benchmarks
Total Asset Turnover, Competitors2
Altria Group Inc. 0.51 — — — — —
Coca-Cola Co. 0.43 — — — — —
Mondelēz International Inc. 0.40 — — — — —
PepsiCo Inc. 0.86 — — — — —
Total Asset Turnover, Sector
Food, Beverage & Tobacco 0.56 — — — — —
Total Asset Turnover, Industry
Consumer Staples 1.37 — — — — —

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
Total asset turnover = Net sales ÷ Total assets
= 16,865,200 ÷ 30,111,200 = 0.56

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Mills Inc. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019.

Equity Turnover

General Mills Inc., equity turnover calculation, comparison to benchmarks

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)
Net sales 16,865,200 15,740,400 15,619,800 16,563,100 17,630,300 17,909,600
Stockholders’ equity 7,054,500 6,141,100 4,327,900 4,930,200 4,996,700 6,534,800
Long-term Activity Ratio
Equity turnover1 2.39 2.56 3.61 3.36 3.53 2.74
Benchmarks
Equity Turnover, Competitors2
Altria Group Inc. 4.04 — — — — —
Coca-Cola Co. 1.96 — — — — —
Mondelēz International Inc. 0.95 — — — — —
PepsiCo Inc. 4.54 — — — — —
Equity Turnover, Sector
Food, Beverage & Tobacco 2.31 — — — — —
Equity Turnover, Industry
Consumer Staples 4.48 — — — — —

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
Equity turnover = Net sales ÷ Stockholders’ equity
= 16,865,200 ÷ 7,054,500 = 2.39

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Mills Inc. equity turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019.