Market Cap : 45.87 B | Enterprise Value : 57.03 B | PE Ratio : 17.42 | PB Ratio : 4.37 |
---|
NYSE:GIS has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:GIS has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
General Mills's Total Assets for the quarter that ended in May. 2022 was $31,090 Mil.
Warning Sign:
If a company builds assets at 5.2% a year, faster than its revenue growth rate of 3.3% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, General Mills's average Total Assets Growth Rate was 1.00% per year. During the past 3 years, the average Total Assets Growth Rate was 0.70% per year. During the past 5 years, the average Total Assets Growth Rate was 5.20% per year. During the past 10 years, the average Total Assets Growth Rate was 4.60% per year.
During the past 13 years, General Mills's highest 3-Year average Total Assets Growth Rate was 56.80%. The lowest was -13.10%. And the median was 4.80%.
Total Assets is connected with ROA %. General Mills's annualized ROA % for the quarter that ended in May. 2022 was 10.58%. Total Assets is also linked to Revenue through Asset Turnover. General Mills's Asset Turnover for the quarter that ended in May. 2022 was 0.16.
The historical data trend for General Mills's Total Assets 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.
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
General Mills's Total Assets for the fiscal year that ended in May. 2022 is calculated as
Total Assets | = | Total Equity (A: May. 2022 ) | + | Total Liabilities (A: May. 2022 ) |
= | 10788 | + | 20302.1 | |
= | 31,090 |
General Mills's Total Assets for the quarter that ended in May. 2022 is calculated as
Total Assets | = | Total Equity (Q: May. 2022 ) | + | Total Liabilities (Q: May. 2022 ) |
= | 10788 | + | 20302.1 | |
= | 31,090 |
* 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.
Total Assets is connected with ROA %.
General Mills's annualized ROA % for the quarter that ended in May. 2022 is
ROA % | = | Net Income (Q: May. 2022 ) | / | ( (Total Assets (Q: Feb. 2022 ) | + | Total Assets (Q: May. 2022 )) | / count ) |
= | 3291.2 | / | ( (31143.8 | + | 31090.1) | / 2 ) | |
= | 3291.2 | / | 31116.95 | ||||
= | 10.58 % |
Note: The Net Income data used here is four times the quarterly (May. 2022) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
General Mills's Asset Turnover for the quarter that ended in May. 2022 is
Asset Turnover | ||||||
= | Revenue (Q: May. 2022 ) | / | ( (Total Assets (Q: Feb. 2022 ) | + | Total Assets (Q: May. 2022 )) | / count ) |
= | 4891.2 | / | ( (31143.8 | + | 31090.1) | / 2 ) |
= | 4891.2 | / | 31116.95 | |||
= | 0.16 |
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Thank you for viewing the detailed overview of General Mills's Total Assets 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 |
Other Sources
By Zacks 2022-03-10
By Zacks 2022-03-01
By Fool 2022-01-13
By Zacks 2022-03-01
By Zacks 2022-03-23
By Fool 2022-02-16
By Zacks 2022-03-28
By Zacks 2022-03-21
By Zacks 2022-03-23
By Zacks 2022-02-08
By Zacks 2022-03-14
By Zacks 2022-03-07