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 annualizedROA % 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.
General Mills Total Assets Historical Data
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.
* Premium members only.
General Mills Annual Data
Trend
May13
May14
May15
May16
May17
May18
May19
May20
May21
May22
Total Assets
30,624.00
30,111.20
30,806.70
31,841.90
31,090.10
General Mills Quarterly Data
Aug17
Nov17
Feb18
May18
Aug18
Nov18
Feb19
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Total Assets
31,841.90
32,332.20
32,481.60
31,143.80
31,090.10
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. 2022 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.
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
* 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.
General Mills Total Assets Related Terms
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.
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.
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