General Mills Inc (GIS)
Days of sales outstanding (DSO)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | 1.20 | — | 1.16 | — | |
| DSO | days | — | 303.81 | — | 313.87 | — |
May 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days Sales Outstanding (DSO) is a measure of how long it takes for General Mills Inc to collect revenue from its sales. Looking at the data provided, we can see that there has been an improvement in DSO from May 28, 2023 (313.87 days) to May 26, 2024 (303.81 days). This means that General Mills has been able to collect its sales revenue more quickly in the given period.
However, it is worth noting that there are missing data points for DSO on May 31, 2022, and May 31, 2023, which makes it difficult to establish a trend over time. It would be beneficial to have complete data to get a more accurate assessment of General Mills' ability to manage its accounts receivable.
Overall, based on the available data, General Mills Inc has shown improvement in its DSO metric, indicating more efficient management of its accounts receivable and a potentially healthier cash flow position.
Peer comparison
May 31, 2024