General Mills ROCE %

: 21.92% (As of May. 2022)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. General Mills's annualized ROCE % for the quarter that ended in May. 2022 was 21.92%.

General Mills ROCE % Historical Data

The historical data trend for General Mills's ROCE % 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

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

ROCE %

12.68

11.27

13.26

14.01

15.41

General Mills Quarterly Data
	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22
ROCE %																11.60	14.07	13.14	10.66	21.92

General Mills ROCE % Calculation

General Mills's annualized ROCE % for the fiscal year that ended in May. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: May. 2022 )		(A: May. 2021 )		(A: May. 2022 )
	=	3593	/	( ( (31841.9 - 8265.8)	+	(31090.1 - 8019.9) )	/ 2 )
	=	3593	/	( (23576.1	+	23070.2)	/ 2 )
	=	3593	/	23323.15
	=	15.41 %

General Mills's ROCE % of for the quarter that ended in May. 2022 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: May. 2022 )		(Q: Feb. 2022 )		(Q: May. 2022 )
	=	5193.2	/	( ( (31143.8 - 6839)	+	(31090.1 - 8019.9) )	/ 2 )
	=	5193.2	/	( ( 24304.8	+	23070.2 )	/ 2 )
	=	5193.2	/	23687.5
	=	21.92 %

(1) Note: The EBIT data used here is four times the quarterly (May. 2022) EBIT data.

General Mills (NYSE:GIS) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

General Mills ROCE % Related Terms

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General Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (NYSE:GIS) » Definitions » ROCE %

Comparable Companies

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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

Thissen Karen Wilson	officer: General Counsel & Secretary	1098 AMERIPRISE FINANCIAL CENTER MINNEAPOLIS MN 55474
Gallagher Paul Joseph	officer: Chief Supply Chain Officer	1 GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Montemayor Jaime	officer: Chief Technology Officer	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Pallot Mark A	officer: Chief Accounting Officer	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Jenkins Jo Ann	director	2211 SOUTH 47TH STREET PHOENIX AZ 85034
Mcnabb Dana M	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Lempres Elizabeth Cahill	director	TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103
Walker Sean N	officer: Group President	NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Neal Diane L	director
Benson Jodi J	officer: Chief Innovation Officer	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426
Sastre Maria	director	C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837
Bishop William W Jr	officer: Group President	C/O BLUE BUFFALO PET PRODUCTS, INC. 11 RIVER ROAD WILTON CT 06897
Bruce Kofi A	officer: Vice President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Pollard Ivan	officer: Senior Vice President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426
Law Christina	officer: Group President	GENERAL MILLS, INC. ONE GENERAL MILLS BLVD. MINNEAPOLIS MN 55426

General Mills Headlines

From GuruFocus

General Mills ROCE %

General Mills ROCE % Historical Data

General Mills ROCE % Calculation

General Mills ROCE % Related Terms

General Mills Business Description

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