Market Cap : 45.95 B | Enterprise Value : 57.29 B | PE Ratio : 17.46 | PB Ratio : 4.38 |
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Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets. General Mills's Goodwill for the quarter that ended in May. 2022 was $14,379 Mil. General Mills's Total Assets for the quarter that ended in May. 2022 was $31,090 Mil. Therefore, General Mills's Goodwill to Asset Ratio for the quarter that ended in May. 2022 was 0.46.
The historical data trend for General Mills's Goodwill-to-Asset 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.
For the Packaged Foods subindustry, General Mills's Goodwill-to-Asset, along with its competitors' market caps and Goodwill-to-Asset data, can be viewed below:
* 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. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Goodwill-to-Asset distribution charts can be found below:
* The bar in red indicates where General Mills's Goodwill-to-Asset falls into.
Goodwill to Asset ratio measures how much goodwill a company is recording compared to the total level of its assets.
It is calculated by dividing goodwill by total assets.
General Mills's Goodwill to Asset Ratio for the fiscal year that ended in May. 2022 is calculated as
Goodwill to Asset (A: May. 2022 ) | = | Goodwill | / | Total Assets |
= | 14378.5 | / | 31090.1 | |
= | 0.46 |
General Mills's Goodwill to Asset Ratio for the quarter that ended in May. 2022 is calculated as
Goodwill to Asset (Q: May. 2022 ) | = | Goodwill | / | Total Assets |
= | 14378.5 | / | 31090.1 | |
= | 0.46 |
* 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.
If the goodwill-to-asset ratio increases, it can mean that the company is recording a proportionately higher amount of goodwill, assuming total assets are remaining constant. It is generally good to see a company increasing its assets regularly; however, if these increases are coming from intangible assets, such as goodwill, the increases may not be as good.
Increases in the goodwill-to-asset ratio might suggest that a company has been aggressively acquiring other firms or has seen its tangible assets decrease in value. When a large portion of total assets are attributable to intangible assets (such as goodwill), the company may be at risk of having that portion of its asset base wiped out quickly if it must record any goodwill impairments. Decreases in the goodwill-to-assets ratio suggest that the company has either written down some goodwill or increased its tangible assets.
Asset needs vary from industry to industry. This is why comparing goodwill-to-assets ratios is generally most meaningful among companies within the same industry. By comparing a company's goodwill to assets ratio to those of other companies within the same industry, investors can get a feel for how a company is managing its goodwill.
Thank you for viewing the detailed overview of General Mills's Goodwill-to-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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