General Mills Change In Receivables

: $-67 Mil (TTM As of Feb. 2022)

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General Mills's change in receivables for the quarter that ended in Feb. 2022 was $23 Mil. It means General Mills's Accounts Receivable declined by $23 Mil from Nov. 2021 to Feb. 2022 .

General Mills's change in receivables for the fiscal year that ended in May. 2021 was $28 Mil. It means General Mills's Accounts Receivable declined by $28 Mil from May. 2020 to May. 2021 .

General Mills's Accounts Receivable for the quarter that ended in Feb. 2022 was $1,750 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. General Mills's Days Sales Outstanding for the three months ended in Feb. 2022 was 35.20.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. General Mills's liquidation value for the three months ended in Feb. 2022 was $-18,056 Mil.

General Mills Change In Receivables Historical Data

The historical data trend for General Mills's Change In Receivables 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.

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General Mills Annual Data

Trend

May12

May13

May14

May15

May16

May17

May18

May19

May20

May21

Change In Receivables

-69.20

-122.70

-42.70

37.90

27.90

General Mills Quarterly Data
	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22
Change In Receivables																16.00	147.10	-145.30	-92.00	22.80

General Mills Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Feb. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-67 Mil.

General Mills (NYSE:GIS) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

General Mills's Days Sales Outstanding for the quarter that ended in Feb. 2022 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1750.4	/	4537.7	*	91
=	35.20

2. In Ben Graham's calculation of liquidation value, General Mills's accounts receivable are only considered to be worth 75% of book value:

General Mills's liquidation value for the quarter that ended in Feb. 2022 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	844.4	-	21068.1	+	0.75 * 1750.4	+	0.5 * 1710
=	-18,056

General Mills Change In Receivables Related Terms

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General Mills Business Description

Industry

Consumer Defensive » Consumer Packaged Goods NAICS : 311412 SIC : 5411

Comparable Companies

NAS:KHC NYSE:HRL NYSE:MKC NYSE:K NYSE:CAG NYSE:CPB NYSE:SJM NYSE:DAR NYSE:LW NAS:PPC XSWX:NESN SHSE:603288 XPAR:BN SHSE:600887 SZSE:300999 NSE:NESTLEIND HKSE:02319 DUB:KRZ BSP:JBSS3 LSE:ABF

Traded in Other Exchanges

GIS:Mexico 0R1X:UK GRM:Germany GRM:Germany GRM:Germany GIS:Switzerland G1MI34:Brazil GIS:Austria

Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

General Mills is a leading 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, and Haagen-Dazs. In fiscal 2021, 75% 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 into the food-service channel and the commercial baking industry.

Executives

Walker Sean N	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Church John R	officer: Chief SC & GBS Officer	ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Nudi Jonathon	officer: Group President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Henry Maria	director	C/O THE HILLSHIRE BRANDS COMPANY 3500 LACEY ROAD DOWNERS GROVE IL 60515
Neal Diane L	director	PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: NEAL DIANE L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Jenkins Jo Ann	director	2211 SOUTH 47TH STREET PHOENIX AZ 85034
Lempres Elizabeth Cahill	director	TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Uribe Jorge A.	director	5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154
Cordani David	director	CIGNA CORPORATION 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002
Odland Stephen A	director	ONE GENERAL MILLS BLVD M03-08 MINNEAPOLIS MN 55426
Clark R Kerry	director	C/O THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Sastre Maria	director	C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Sprunk Eric D	director	ONE BOWERMAN DRIVE BEAVERTON OR 97005
Ferguson Roger W. Jr.	director	INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019
Ogrady Shawn P	officer: Group President	ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426

General Mills Headlines

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General Mills Change In Receivables

General Mills Change In Receivables Historical Data

General Mills Change In Receivables Calculation

General Mills Change In Receivables Related Terms

General Mills Business Description

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