General Mills Total Current Assets

: $5,090 Mil (As of May. 2022)

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Total current assets includes Cash And Cash Equivalents, Accounts Receivable, Total Inventories, and Other Current Assets. General Mills's total current assets for the quarter that ended in May. 2022 was $5,090 Mil.

General Mills Total Current Assets Historical Data

The historical data trend for General Mills's Total Current 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.

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General Mills Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Total Current Assets

4,123.70

4,186.50

5,121.30

5,754.50

5,089.80

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 Current Assets																5,754.50	6,320.20	6,612.40	5,028.60	5,089.80

General Mills Total Current Assets Calculation

Total Current Assets are the asset that can be converted to cash or used to pay current liabilities within 12 months.

General Mills's Total Current Assets for the fiscal year that ended in May. 2022 is calculated as

Total Current Assets	=	Cash And Cash Equivalents	+	Accounts Receivable	+	Total Inventories	+	Other Current Assets
	=	819.2	+	1692.1	+	1867.3	+	442.3
	=	4,821

General Mills's Total Current Assets for the quarter that ended in May. 2022 is calculated as

Total Current Assets	=	Cash And Cash Equivalents	+	Accounts Receivable	+	Total Inventories	+	Other Current Assets
	=	819.2	+	1692.1	+	1867.3	+	442.3
	=	4,821

Total Current Assets is linked to the Current Ratio, which is the result of dividing total current assets by total current liabilities. It is frequently used as an indicator of a company's liquidity, its ability to meet short-term obligations.

Total Current Assets is also linked to Working Capital, Net working capital is calculated as Total Current Assets minus Total Current Liabilities.

General Mills (NYSE:GIS) Total Current Assets Explanation

In Ben Graham's calculation of liquidation value, inventory is only considered worth half of its book value, and accounts receivable is considered worth 75% of its value. Therefore the liquidation value is lower than calculated from total current assets.

General Mills's Liquidation Value for the quarter that ended in May. 2022 is

	Liquidation value
=	Cash And Cash Equivalents	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	819.2	-	20302.1	+	0.75 * 1692.1	+	0.5 * 1867.3
=	-17,280

General Mills Total Current Assets Related Terms

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General Mills Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (NYSE:GIS) » Definitions » Total Current Assets

Comparable Companies

NAS:KHC NYSE:HRL NYSE:K NYSE:MKC NYSE:CAG NYSE:CPB NYSE:SJM NYSE:LW NYSE:DAR NAS:PPC XSWX:NESN SHSE:603288 SZSE:300999 XPAR:BN SHSE:600887 NSE:NESTLEIND DUB:KRZ HKSE:02319 LSE:ABF SZSE:002311

Traded in Other Exchanges

GIS:Mexico 0R1X:UK GRM:Germany GRM:Germany GRM:Germany GIS:Switzerland G1MI34:Brazil GIS:Austria

Address

Number One General Mills Boulevard, Minneapolis, MN, USA, 55426

Website

https://www.generalmills.com

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.

Executives

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

General Mills Headlines

From GuruFocus

Bronte Capital Management Pty Ltd. Buys General Mills Inc, Philip Morris International Inc, Sotera Health Co, Sells BioNTech SE

By insider 11-09-2021

General Mills Named to Prestigious Dow Jones Sustainability World and North America Indices for Fourth Consecutive Year

By Business Wire 11-15-2021

General Mills Announces Proposed Sale of European Dough Businesses to C�r�lia

By Business Wire 11-24-2021

Old El Paso and LeBron James Family Foundation Partner to Open First-Ever Restaurant Serving Meals from Old El Paso as a space for Families to Come Together

By Business Wire 02-22-2022

General Mills Total Current Assets

General Mills Total Current Assets Historical Data

General Mills Total Current Assets Calculation

General Mills Total Current Assets Related Terms

General Mills Business Description

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