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General Mills Goodwill-to-Asset

: 0.45 (As of Aug. 2020)
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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 Aug. 2020 was $14,010 Mil. General Mills's Total Assets for the quarter that ended in Aug. 2020 was $31,262 Mil. Therefore, General Mills's Goodwill to Asset Ratio for the quarter that ended in Aug. 2020 was 0.45.

General Mills Goodwill-to-Asset 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
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Goodwill-to-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.40 0.40 0.46 0.47 0.45

General Mills Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
Goodwill-to-Asset 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 0.46 0.46 0.46 0.45 0.45
Competitive Comparison
* 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.

General Mills Goodwill-to-Asset Distribution

* The bar in red indicates where General Mills's Goodwill-to-Asset falls into.


General Mills Goodwill-to-Asset Calculation

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. 2020 is calculated as

Goodwill to Asset (A: May. 2020 )=Goodwill/Total Assets
=13923.2/30806.7
=0.45

General Mills's Goodwill to Asset Ratio for the quarter that ended in Aug. 2020 is calculated as

Goodwill to Asset (Q: Aug. 2020 )=Goodwill/Total Assets
=14010.1/31262.2
=0.45

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

General Mills  (NYSE:GIS) Goodwill-to-Asset Explanation

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.

General Mills Goodwill-to-Asset Related Terms

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