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General Mills Change In Receivables

: $-43 Mil (TTM As of May. 2019)
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General Mills's change in receivables for the quarter that ended in May. 2019 was $8 Mil. It means General Mills's Accounts Receivable increased by $8 Mil from Feb. 2019 to May. 2019 .

General Mills's change in receivables for the fiscal year that ended in May. 2019 was $-43 Mil. It means General Mills's Accounts Receivable declined by $43 Mil from May. 2018 to May. 2019 .

General Mills's Accounts Receivable for the quarter that ended in May. 2019 was $1,680 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 May. 2019 was 36.83.

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 May. 2019 was $-20,254 Mil.


General Mills Change In Receivables 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
Change In Receivables Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.80 -6.90 -69.20 -122.70 -42.70

General Mills Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Change In Receivables 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 -97.20 -48.70 -15.30 13.10 8.20

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 May. 2019 was -48.7 (Aug. 2018 ) + -15.3 (Nov. 2018 ) + 13.1 (Feb. 2019 ) + 8.2 (May. 2019 ) = $-43 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) 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 May. 2019 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=1679.7/4161.7*91
=36.83

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 May. 2019 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=450-22743.5+0.75 * 1679.7+0.5 * 1559.3
=-20,254

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


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