General Mills's Days Sales Outstanding for the
three
months ended in Feb. 2021 was 35.94.
General Mills's Days Inventory for the
three
months ended in Feb. 2021 was 53.4.
General Mills's Days Payable for the
three
months ended in Feb. 2021 was 104.45.
Therefore, General Mills's Cash Conversion Cycle (CCC) for the
three
months ended in Feb. 2021 was -15.11.
General Mills Cash Conversion Cycle Historical Data
* 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.
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General Mills Annual Data
Trend
May11
May12
May13
May14
May15
May16
May17
May18
May19
May20
Cash Conversion Cycle
17.08
9.57
5.29
-3.01
-15.36
General Mills Quarterly Data
May16
Aug16
Nov16
Feb17
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
Cash Conversion Cycle
-6.66
-14.62
-21.98
-16.65
-15.11
Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.
General Mills Cash Conversion Cycle Distribution
* The bar in red indicates where General Mills's Cash Conversion Cycle falls into.
General Mills Cash Conversion Cycle Calculation
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
General Mills's Cash Conversion Cycle for the fiscal year that ended in May. 2020 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 (NYSE:GIS) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
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