Market Cap : 42.53 B | Enterprise Value : 53.96 B | PE Ratio : 18.86 | PB Ratio : 4.33 |
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. General Mills's annualized Net Income for the quarter that ended in Feb. 2022 was $2,641 Mil. General Mills's average total tangible assets for the quarter that ended in Feb. 2022 was $10,365 Mil. Therefore, General Mills's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2022 was 25.48%.
The historical rank and industry rank for General Mills's Return-on-Tangible-Asset or its related term are showing as below:
During the past 13 years, General Mills's highest Return-on-Tangible-Asset was 24.15%. The lowest was 13.75%. And the median was 20.02%.
The historical data trend for General Mills's Return-on-Tangible-Asset 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.
For the Packaged Foods subindustry, General Mills's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where General Mills's Return-on-Tangible-Asset falls into.
General Mills's annualized Return-on-Tangible-Asset for the fiscal year that ended in May. 2021 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(A: May. 2021 ) | (A: May. 2020 ) | (A: May. 2021 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(A: May. 2021 ) | (A: May. 2020 ) | (A: May. 2021 ) | |||||
= | 2339.8 | / | ( (9787.7 | + | 10628.9) | / 2 ) | |
= | 2339.8 | / | 10208.3 | ||||
= | 22.92 % |
General Mills's annualized Return-on-Tangible-Asset for the quarter that ended in Feb. 2022 is calculated as:
Return-on-Tangible-Asset | = | Net Income | / | ( (Total Tangible Assets | + | Total Tangible Assets) | / count ) |
(Q: Feb. 2022 ) | (Q: Nov. 2021 ) | (Q: Feb. 2022 ) | |||||
= | Net Income | / | ( (Total Assets - Intangible Assets | + | Total Assets - Intangible Assets) | / count ) | |
(Q: Feb. 2022 ) | (Q: Nov. 2021 ) | (Q: Feb. 2022 ) | |||||
= | 2641.2 | / | ( (11144.5 | + | 9586.2) | / 2 ) | |
= | 2641.2 | / | 10365.35 | ||||
= | 25.48 % |
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Feb. 2022) net income data.
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companyÂ’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companyÂ’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
Thank you for viewing the detailed overview of General Mills's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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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