Market Cap : 42.53 B | Enterprise Value : 53.96 B | PE Ratio : 18.86 | PB Ratio : 4.33 |
---|
NYSE:GIS has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
NYSE:GIS has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
General Mills's Sloan Ratio for the quarter that ended in Feb. 2022 was 3.02%.
As of Feb. 2022, General Mills has a Sloan Ratio of 3.02%, indicating the company is in the safe zone and there is no funny business with accruals.
The historical data trend for General Mills's Sloan Ratio % 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 Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where General Mills's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
General Mills's Sloan Ratio for the fiscal year that ended in May. 2021 is calculated as
Sloan Ratio | = | (Net Income (A: May. 2021 ) | - | Cash Flow from Operations (A: May. 2021 ) |
- | Cash Flow from Investing (A: May. 2021 )) | / | Total Assets (A: May. 2021 ) | |
= | (2339.8 | - | 2983.2 | |
- | -512.8) | / | 31841.9 | |
= | -0.41% |
General Mills's Sloan Ratio for the quarter that ended in Feb. 2022 is calculated as
Sloan Ratio | = | (Net Income (TTM) | - | Cash Flow from Operations (TTM}) |
- | Cash Flow from Investing (TTM)) | / | Total Assets (Q: Feb. 2022 ) | |
= | (2301.3 | - | 3003.4 | |
- | -1642.6) | / | 31143.8 | |
= | 3.02% |
General Mills's Net Income for the trailing twelve months (TTM) ended in Feb. 2022 was 416.8 (May. 2021 ) + 627 (Aug. 2021 ) + 597.2 (Nov. 2021 ) + 660.3 (Feb. 2022 ) = $2,301 Mil. General Mills's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2022 was 775.3 (May. 2021 ) + 369.8 (Aug. 2021 ) + 1128 (Nov. 2021 ) + 730.3 (Feb. 2022 ) = $3,003 Mil. General Mills's Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2022 was -180.8 (May. 2021 ) + -1297.9 (Aug. 2021 ) + -98.1 (Nov. 2021 ) + -65.8 (Feb. 2022 ) = $-1,643 Mil.
* 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.
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
According to How to Beat the Market with the Sloan Ratio:
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Feb. 2022, General Mills has a Sloan Ratio of 3.02%, indicating the company is in the safe zone and there is no funny business with accruals.
Thank you for viewing the detailed overview of General Mills's Sloan Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Walker Sean N | officer: Group President | NUMBER ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426 |
Church John R | officer: Chief SC & GBS Officer | ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426 |
Nudi Jonathon | officer: Group President | GENERAL MILLS, INC. ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426 |
Henry Maria | director | C/O THE HILLSHIRE BRANDS COMPANY 3500 LACEY ROAD DOWNERS GROVE IL 60515 |
Neal Diane L | director | PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: NEAL DIANE L a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;} |
Jenkins Jo Ann | director | 2211 SOUTH 47TH STREET PHOENIX AZ 85034 |
Lempres Elizabeth Cahill | director | TWO COMMERCE SQUARE 2001 MARKET STREET, SUITE 3600 PHILADELPHIA PA 19103 |
Uribe Jorge A. | director | 5 WESTBROOK CORPORATE CENTER WESTCHESTER IL 60154 |
Cordani David | director | CIGNA CORPORATION 900 COTTAGE GROVE ROAD BLOOMFIELD CT 06002 |
Odland Stephen A | director | ONE GENERAL MILLS BLVD M03-08 MINNEAPOLIS MN 55426 |
Clark R Kerry | director | C/O THE PROCTER & GAMBLE COMPANY ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202 |
Sastre Maria | director | C/O DARDEN RESTAURANTS, INC. 1000 DARDEN CENTER DRIVE ORLANDO FL 32837 |
Sprunk Eric D | director | ONE BOWERMAN DRIVE BEAVERTON OR 97005 |
Ferguson Roger W. Jr. | director | INTERNATIONAL FLAVORS & FRAGRANCES INC. 521 WEST 57TH STREET NEW YORK NY 10019 |
Ogrady Shawn P | officer: Group President | ONE GENERAL MILLS BLVD MINNEAPOLIS MN 55426 |
From GuruFocus
By Business Wire 11-15-2021
By Business Wire 01-25-2022
Other Sources
By Zacks 2022-03-07
By Zacks 2022-02-08
By Fool 2022-01-13
By Seekingalpha 2022-03-10
By Fool 2022-02-16
By Zacks 2022-03-23
By tipranks.com 2022-03-23
By Seekingalpha 2022-01-09
By Zacks 2022-02-14
By tipranks.com 2022-03-24
By Zacks 2022-03-24
By Zacks 2022-03-14