Switch to:

General Mills Inventory Turnover

: 1.74 (As of May. 2019)
View and export this data going back to 1928. Start your Free Trial

Inventory turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. General Mills's Cost of Goods Sold for the three months ended in May. 2019 was $2,700 Mil. General Mills's Total Inventories for the quarter that ended in May. 2019 was $1,552 Mil. General Mills's inventory turnover for the quarter that ended in May. 2019 was 1.74.

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 May. 2019 was 52.44.

Total Inventories can be measured by Days Sales of Inventory (DSI). General Mills's days sales of inventory (DSI) for the three months ended in May. 2019 was 34.03.

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 May. 2019 was 0.37.


General Mills Inventory Turnover 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
Inventory Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.54 7.27 6.94 6.59 6.94

General Mills Quarterly Data
Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19
Inventory Turnover 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 1.60 1.65 1.75 1.73 1.74

General Mills Inventory Turnover Calculation

General Mills's Inventory Turnover for the fiscal year that ended in May. 2019 is calculated as

Inventory Turnover (A: May. 2019 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (A: May. 2019 ) / ((Total Inventories (A: May. 2018 ) + Total Inventories (A: May. 2019 )) / 2 )
=11108.4 / ((1642.2 + 1559.3) / 2 )
=11108.4 / 1600.75
=6.94

General Mills's Inventory Turnover for the quarter that ended in May. 2019 is calculated as

Inventory Turnover (Q: May. 2019 )
=Cost of Goods Sold / Total Inventories
=Cost of Goods Sold (Q: May. 2019 ) / ((Total Inventories (Q: Feb. 2019 ) + Total Inventories (Q: May. 2019 )) / 2 )
=2700.4 / ((1544.5 + 1559.3) / 2 )
=2700.4 / 1551.9
=1.74

* 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) Inventory Turnover Explanation

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.

1. 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 May. 2019 is calculated as:

Days Inventory =Total Inventories (Q: May. 2019 )/Cost of Goods Sold (Q: May. 2019 )*Days in Period
=1551.9/2700.4*365 / 4
=52.44

2. Total Inventories can be measured by Days Sales of Inventory (DSI).

General Mills's Days Sales of Inventory for the three months ended in May. 2019 is calculated as:

Days Sales of Inventory (DSI)=Total Inventories (Q: May. 2019 )/Revenue (Q: May. 2019 )*Days in Period
=1551.9/4161.7*365 / 4
=34.03

3. 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 May. 2019 is calculated as

Inventory-to-Revenue=Total Inventories (Q: May. 2019 ) / Revenue (Q: May. 2019 )
=1551.9 / 4161.7
=0.37

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


Be Aware

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 Inventory Turnover Related Terms


General Mills Inventory Turnover Headlines

From GuruFocus

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK