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General Mills Total Assets

: $31,262 Mil (As of Aug. 2020)
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General Mills's Total Assets for the quarter that ended in Aug. 2020 was $31,262 Mil.

During the past 12 months, General Mills's average Total Assets Growth Rate was -1.20% per year. During the past 3 years, the average Total Assets Growth Rate was 11.40% per year. During the past 5 years, the average Total Assets Growth Rate was 8.70% per year. During the past 10 years, the average Total Assets Growth Rate was 5.30% 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 5.40%.

Total Assets is connected with ROA %. General Mills's annualized ROA % for the quarter that ended in Aug. 2020 was 8.23%. Total Assets is also linked to Revenue through Asset Turnover. General Mills's Asset Turnover for the quarter that ended in Aug. 2020 was 0.14.

General Mills Total Assets Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

General Mills Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Total Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21,712.30 21,812.60 30,624.00 30,111.20 30,806.70

General Mills Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
Total Assets 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 30,313.20 30,452.40 30,248.70 30,806.70 31,262.20
Competitive Comparison
* 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.

General Mills Total Assets Distribution

* The bar in red indicates where General Mills's Total Assets falls into.


General Mills Total Assets Calculation

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. 2020 is calculated as

Total Assets=Total Equity (A: May. 2020 )+Total Liabilities (A: May. 2020 )
=8349.5+22457.2
=30,807

General Mills's Total Assets for the quarter that ended in Aug. 2020 is calculated as

Total Assets=Total Equity (Q: Aug. 2020 )+Total Liabilities (Q: Aug. 2020 )
=8757.9+22504.3
=31,262

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

General Mills  (NYSE:GIS) Total Assets Explanation

Total Assets is connected with ROA %.

General Mills's annualized ROA % for the quarter that ended in Aug. 2020 is

ROA %=Net Income (Q: Aug. 2020 )/( (Total Assets (Q: May. 2020 )+Total Assets (Q: Aug. 2020 ))/ count )
=2555.6/( (30806.7+31262.2)/ 2 )
=2555.6/31034.45
=8.23 %

Note: The Net Income data used here is four times the quarterly (Aug. 2020) 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 Aug. 2020 is

Asset Turnover
=Revenue (Q: Aug. 2020 )/( (Total Assets (Q: May. 2020 )+Total Assets (Q: Aug. 2020 ))/ count )
=4364/( (30806.7+31262.2)/ 2 )
=4364/31034.45
=0.14

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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.

General Mills Total Assets Related Terms

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