General Mills Inc (GIS)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,644,300 | 19,638,700 | 19,497,800 | 19,627,200 | 20,052,700 | 20,237,700 | 20,043,200 | 19,853,400 | 19,744,000 | 19,857,000 | 20,078,200 | 20,331,800 | 20,522,500 | 20,517,100 | 20,108,800 | 20,128,300 | 19,798,800 | 19,665,300 | 19,485,400 | 19,045,900 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 3,863,900 | — | 3,643,600 | 3,598,900 | 3,598,900 | 3,585,200 | 3,585,200 | 3,636,200 | 3,636,200 | 3,353,600 | 3,353,600 | 3,358,000 | 3,358,000 | 3,358,600 | 3,358,600 | 3,393,800 |
| Fixed asset turnover | — | — | — | — | 5.19 | — | 5.50 | 5.52 | 5.49 | 5.54 | 5.60 | 5.59 | 5.64 | 6.12 | 6.00 | 5.99 | 5.90 | 5.86 | 5.80 | 5.61 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,644,300K ÷ $—K
= —
The fixed asset turnover ratio for General Mills Inc has shown fluctuations over the past few years. The ratio measures how efficiently the company is utilizing its fixed assets to generate sales. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
From May 31, 2022, to February 29, 2024, General Mills Inc saw a generally increasing trend in its fixed asset turnover ratio, indicating improving efficiency in utilizing its fixed assets. The ratio ranged from 5.61 to 6.12 during this period.
However, the ratio slightly decreased in the subsequent periods, with values ranging from 5.19 to 5.59 as of February 28, 2025. This decline could suggest a potential decrease in efficiency in utilizing fixed assets to generate revenue, although further analysis would be needed to understand the underlying reasons for this trend.
Overall, monitoring the fixed asset turnover ratio is important for evaluating General Mills Inc's operational efficiency and effectiveness in managing its fixed assets to drive sales.
Peer comparison
Feb 28, 2025