General Mills's change in inventory for the quarter that ended in Feb. 2024 was $334 Mil. It means General Mills's inventory
declined by $334 Mil
from Nov. 2023 to Feb. 2024 .
General Mills's change in inventory for the fiscal year that ended in May. 2023 was $-319 Mil. It means General Mills's inventory
increased by $319 Mil
from May. 2022 to May. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
General Mills's Days Inventory for the quarter that ended in Feb. 2024 was 53.73.
Inventory Turnover measures how fast the company turns over its inventory within a year.
General Mills's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.70.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
General Mills's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.39.
General Mills Change In Inventory Historical Data
The historical data trend for General Mills's Change In Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.
Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $266 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
General Mills (NYSE:GIS) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
General Mills's Days Inventory for the quarter that ended in is calculated as:
3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
General Mills's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
General Mills Change In Inventory Related Terms
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General Mills (General Mills) Business Description
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.
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