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General Mills Cost of Goods Sold

: $11,108 Mil (TTM As of May. 2019)
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General Mills's cost of goods sold for the three months ended in May. 2019 was $2,700 Mil. Its cost of goods sold for the trailing twelve months (TTM) ended in May. 2019 was $11,108 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 May. 2019 was 35.11%.

Cost of Goods Sold is also directly linked to Inventory Turnover. General Mills's Inventory Turnover for the three months ended in May. 2019 was 1.74.


General Mills Cost of Goods Sold Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

General Mills Annual Data

May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Cost of Goods Sold Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,681.10 10,733.60 10,052.00 10,304.80 11,108.40

General Mills Quarterly Data

Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
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 2,470.60 2,751.20 2,901.50 2,755.30 2,700.40

General Mills Cost of Goods Sold Calculation

Cost of goods sold (COGS) refers to the Total Inventories costs of those goods a business has sold during a particular period.

Cost of Goods Sold for the trailing twelve months (TTM) ended in May. 2019 was 2751.2 (Aug. 2018 ) + 2901.5 (Nov. 2018 ) + 2755.3 (Feb. 2019 ) + 2700.4 (May. 2019 ) = $11,108 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 May. 2019 is calculated as:

Gross Margin %=(Revenue - Cost of Goods Sold) / Revenue
=(4161.7 - 2700.4) / 4161.7
=35.11 %

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 May. 2019 is calculated as:

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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 Explanation

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