USD 4,261 Mil as of today(2019-09-22). GIS Total Current Assets explanation, calculation, historical data and more" />GIS Total Current Assets | General Mills - GuruFocus.com
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General Mills Total Current Assets

: USD 4,261 Mil (As of Aug. 2019)
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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 Aug. 2019 was USD 4,261 Mil.

General Mills Total Current 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
May10 May11 May12 May13 May14 May15 May16 May17 May18 May19
Total Current Assets Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3,685.60 3,937.20 4,061.40 4,123.70 4,186.50

General Mills Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19
Total Current 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 4,185.50 4,233.80 4,169.80 4,186.50 4,261.40

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. 2019 is calculated as

Total Current Assets=Cash And Cash Equivalents+Accounts Receivable+Total Inventories+Other Current Assets
=450+1679.7+1559.3+205.1
=3,894

General Mills's Total Current Assets for the quarter that ended in Aug. 2019 is calculated as

Total Current Assets=Cash And Cash Equivalents+Accounts Receivable+Total Inventories+Other Current Assets
=504.8+1710.5+1700.1+346
=4,261

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

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 Aug. 2019 is

Liquidation value
= Cash And Cash Equivalents-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=504.8-22617.6+0.75 * 1710.5+0.5 * 1700.1
=-19,980

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

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