General Mills (WBO:GIS) Change In Inventory : €247 Mil (TTM As of Feb. 2024)

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What is General Mills Change In Inventory?

General Mills's change in inventory for the quarter that ended in Feb. 2024 was €310 Mil. It means General Mills's inventory declined by €310 Mil from Nov. 2023 to Feb. 2024 .

General Mills's change in inventory for the fiscal year that ended in May. 2023 was €-293 Mil. It means General Mills's inventory increased by €293 Mil from May. 2022 to May. 2023 .

General Mills's Total Inventories for the quarter that ended in Feb. 2024 was €1,695 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. General Mills's Days Inventory for the quarter that ended in Feb. 2024 was 53.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. General Mills's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.70.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. General Mills's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.39.

General Mills Change In Inventory Historical Data

The historical data trend for General Mills's Change In Inventory 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 Change In Inventory Chart

General Mills Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Change In Inventory

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48.01

94.54

-291.92

-81.17

-293.48

General Mills Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															38.76	-75.44	-49.79	62.92	309.62

General Mills Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €247 Mil.

General Mills (WBO:GIS) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

General Mills's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	1847.97	/	3144.198	*	365 / 4
	=	53.63

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

General Mills's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3144.198	/	1847.97
	=	1.70

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

General Mills's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1847.97	/	4726.958
	=	0.39

General Mills Change In Inventory Related Terms

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General Mills (WBO:GIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » General Mills Inc (WBO:GIS) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

GIS:USA GIS:Mexico GRM:Germany G1MI34:Brazil

Address

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

Website

https://www.generalmills.com

General Mills is a 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 Buffalo, and Haagen-Dazs. In fiscal 2023, 81% 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 to the foodservice channel and the commercial baking industry.