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General Mills Cost of Goods Sold

: $11,993 Mil (TTM As of Feb. 2021)
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General Mills's cost of goods sold for the three months ended in Feb. 2021 was $2,966 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in Feb. 2021 was $11,993 Mil.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. General Mills's Gross Margin % for the three months ended in Feb. 2021 was 34.38%.

Cost of Goods Sold is also directly linked to Inventory Turnover. General Mills's Inventory Turnover for the three months ended in Feb. 2021 was 1.71.

General Mills Cost of Goods Sold 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.

* Premium members only.

General Mills Annual Data
Trend May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Cost of Goods Sold
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10,733.60 10,052.00 10,304.80 11,108.40 11,496.70

General Mills Quarterly Data
May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21
Cost of Goods Sold Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,777.10 3,254.90 2,773.60 2,998.30 2,966.10

General Mills Cost of Goods Sold Calculation

Cost of Goods Sold is the aggregate cost of goods produced and sold, and services rendered during the reporting period. It excludes Total Operating Expense, such as Depreciation, Depletion and Amortization and Selling, General, & Admin. Expense.

Cost of Goods Sold for the trailing twelve months (TTM) ended in Feb. 2021 was 3254.9 (May. 2020 ) + 2773.6 (Aug. 2020 ) + 2998.3 (Nov. 2020 ) + 2966.1 (Feb. 2021 ) = $11,993 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) Cost of Goods Sold Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

General Mills's Gross Margin % for the three months ended in Feb. 2021 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(4520 - 2966.1) / 4520
=34.38 %

* 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.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Cost of Goods Sold is also directly linked to another concept called Inventory Turnover:

General Mills's Inventory Turnover for the three months ended in Feb. 2021 is calculated as:

Inventory Turnover=Cost of Goods Sold / Total Inventories
=2966.1 / 1735.65
=1.71

* 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.

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher inventory turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate inventory turnover. An average inventory is a better indication.

General Mills Cost of Goods Sold Related Terms

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