General Mills Sloan Ratio %

: -2.03% (As of Feb. 2021)

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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. 2021 was -2.03%.

As of Feb. 2021, General Mills has a Sloan Ratio of -2.03%, indicating the company is in the safe zone and there is no funny business with accruals.

General Mills Sloan Ratio % Historical Data

* 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 Annual Data

Trend

May11

May12

May13

May14

May15

May16

May17

May18

May19

May20

Sloan Ratio %

-5.34

-0.51

26.04

-1.65

-3.27

General Mills Quarterly Data
	May16	Aug16	Nov16	Feb17	May17	Aug17	Nov17	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21
Sloan Ratio %																-1.19	-3.27	-2.76	-2.18	-2.03

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.

Annual Data Quarterly Data

General Mills Sloan Ratio % Distribution

* The bar in red indicates where General Mills's Sloan Ratio % falls into.

General Mills Sloan Ratio % Calculation

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. 2020 is calculated as

Sloan Ratio	=	(Net Income (A: May. 2020 )	-	Cash Flow from Operations (A: May. 2020 )
	-	Cash Flow from Investing (A: May. 2020 ))	/	Total Assets (A: May. 2020 )
	=	(2181.2	-	3676.2
	-	-486.2)	/	30806.7
	=	-3.27%

General Mills's Sloan Ratio for the quarter that ended in Feb. 2021 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM})
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Feb. 2021 )
	=	(2548.7	-	3724.3
	-	-513.6)	/	32648.8
	=	-2.03%

General Mills's Net Income for the trailing twelve months (TTM) ended in Feb. 2021 was 625.7 (May. 2020 ) + 638.9 (Aug. 2020 ) + 688.4 (Nov. 2020 ) + 595.7 (Feb. 2021 ) = $2,549 Mil.
General Mills's Cash Flow from Operations for the trailing twelve months (TTM) ended in Feb. 2021 was 1516.4 (May. 2020 ) + 583.6 (Aug. 2020 ) + 843.2 (Nov. 2020 ) + 781.1 (Feb. 2021 ) = $3,724 Mil.
{{stock_data.stock.company}'s Cash Flow from Investing for the trailing twelve months (TTM) ended in Feb. 2021 was -181.6 (May. 2020 ) + -123 (Aug. 2020 ) + -88.3 (Nov. 2020 ) + -120.7 (Feb. 2021 ) = $-514 Mil.

General Mills (NYSE:GIS) Sloan Ratio % Explanation

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. 2021, General Mills has a Sloan Ratio of -2.03%, indicating the company is in the safe zone and there is no funny business with accruals.

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General Mills Sloan Ratio %

General Mills Sloan Ratio % Historical Data

General Mills Sloan Ratio % Calculation

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