Market Cap : 42.53 B | Enterprise Value : 53.96 B | PE Ratio : 18.86 | PB Ratio : 4.33 |
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General Mills's total inventories for the quarter that ended in Feb. 2022 was $1,710 Mil. General Mills's average total inventories from the quarter that ended in Nov. 2021 to the quarter that ended in Feb. 2022 was $1,754 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. General Mills's Net-Net Working Capital per share for the quarter that ended in Feb. 2022 was $-30.42.
Inventory can be measured by days sales of inventory (DSI). General Mills's days sales of inventory (DSI) for the three months ended in Feb. 2022 was 35.26.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. General Mills's Days Inventory for the three months ended in Feb. 2022 was 51.06.
Inventory Turnover measures how fast the company turns over its inventory within a year. General Mills's Inventory Turnover for the quarter that ended in Feb. 2022 was 1.79.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. General Mills's Inventory-to-Revenue for the quarter that ended in Feb. 2022 was 0.39.
The historical data trend for General Mills's Total Inventories 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.
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
General Mills's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2022 is
Net-Net Working Capital Per Share (Q: Feb. 2022 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (844.4 | + | 0.75 * 1750.4 | + | 0.5 * 1710 | - | 21068.1 |
- | 0 | - | 262.8) | / | 602.2 | ||
= | -30.42 |
2. Inventory can be measured by Days Sales of Inventory (DSI).
General Mills's Days Sales of Inventory for the three months ended in Feb. 2022 is
Days Sales of Inventory (DSI) | |||||
= | Total Inventories (Q: Feb. 2022 ) | / | Revenue (Q: Feb. 2022 ) | * | Days in Period |
= | 1753.65 | / | 4537.7 | * | 365 / 4 |
= | 35.26 |
3. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
General Mills's Days Inventory for the three months ended in Feb. 2022 is calculated as:
Days Inventory | = | Total Inventories (Q: Feb. 2022 ) | / | Cost of Goods Sold (Q: Feb. 2022 ) | * | Days in Period |
= | 1753.65 | / | 3134 | * | 365 / 4 | |
= | 51.06 |
4. Inventory Turnover measures how fast the company turns over its inventory within a year.
General Mills's Inventory Turnover for the quarter that ended in Feb. 2022 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Feb. 2022 ) | / | Total Inventories (Q: Feb. 2022 ) |
= | 3134 | / | 1753.65 | |
= | 1.79 |
5. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
General Mills's Inventory to Revenue for the quarter that ended in Feb. 2022 is calculated as
Inventory-to-Revenue | = | Total Inventories (Q: Feb. 2022 ) | / | Revenue (Q: Feb. 2022 ) |
= | 1753.65 | / | 4537.7 | |
= | 0.39 |
* 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.
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
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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 |
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