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General Mills ROCE %

: 11.60% (As of May. 2021)
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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. 2021 was 11.60%.

General Mills ROCE % Historical Data

* 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.

* Premium members only.

General Mills Annual Data
Trend May12 May13 May14 May15 May16 May17 May18 May19 May20 May21
ROCE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.51 12.68 11.27 13.26 14.01

General Mills Quarterly Data
Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21
ROCE % 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 15.97 14.55 15.45 14.29 11.60

General Mills ROCE % Calculation

General Mills's annualized ROCE % for the fiscal year that ended in May. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: May. 2021 )  (A: May. 2020 )(A: May. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: May. 2021 )  (A: May. 2020 )(A: May. 2021 )
=3285.1/( ( (30806.7 - 7491.5) + (31841.9 - 8265.8) )/ 2 )
=3285.1/( (23315.2+23576.1)/ 2 )
=3285.1/23445.65
=14.01 %

General Mills's ROCE % of for the quarter that ended in May. 2021 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(Q: May. 2021 )  (Q: Feb. 2021 )(Q: May. 2021 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: May. 2021 )  (Q: Feb. 2021 )(Q: May. 2021 )
=2705.2/( ( (32648.8 - 9589.7) + (31841.9 - 8265.8) )/ 2 )
=2705.2/( ( 23059.1 + 23576.1 )/ 2 )
=2705.2/23317.6
=11.60 %

Note: The EBIT data used here is four times the quarterly (May. 2021) EBIT data.

* 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.

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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