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 annualizedNet 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:
GIS'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 13.75 Med: 20.02 Max: 24.15
Current: 21.4
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%.
GIS's Return-on-Tangible-Asset is ranked better than 95.98% of 1841
companies
in the Consumer Packaged Goods industry
Industry Median: 3.51
vs GIS: 21.40
General Mills Return-on-Tangible-Asset Historical Data
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.
* Premium members only.
General Mills Annual Data
Trend
May12
May13
May14
May15
May16
May17
May18
May19
May20
May21
Return-on-Tangible-Asset
19.54
24.15
19.41
23.28
22.92
General Mills Quarterly Data
May17
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
Return-on-Tangible-Asset
21.08
15.09
23.24
21.62
25.48
Competitive Comparison
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.
General Mills Return-on-Tangible-Asset Distribution
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 Return-on-Tangible-Asset Calculation
General Mills's annualized Return-on-Tangible-Asset for the fiscal year that ended in May. 2021 is calculated as:
* 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.
General Mills (NYSE:GIS) Return-on-Tangible-Asset Explanation
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.
Be Aware
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.
General Mills Return-on-Tangible-Asset Related Terms
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.
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.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
1.65(2.39%) Volume: 4,448,754 4:00PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NYSE:GIS has been successfully added to your 
