Market Cap : 45.49 B | Enterprise Value : 56.64 B | PE Ratio : 17.23 | PB Ratio : 4.33 |
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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%.
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.
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.
* 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.
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.
Thank you for viewing the detailed overview of General Mills's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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