General Mills Inc (GIS)
Fixed asset turnover
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,486,600 | 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 |
| 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 |
| 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 |
May 31, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,486,600K ÷ $—K
= —
The fixed asset turnover ratio of General Mills Inc. demonstrates a pattern of moderate fluctuations over the observed period. Beginning in August 2022 at approximately 5.80, the ratio experienced a slight upward trend, peaking around 6.00 in February 2023. This increase suggests improved utilization of fixed assets to generate sales during this interval. However, subsequent data indicates a gradual decline, with the ratio diminishing to approximately 5.54 by August 2023. The ratio continues to trend downward, reaching approximately 5.49 in November 2023 and further decreasing to about 5.19 by May 2024.
Notably, the ratio's decline over this period signals a potential decrease in the efficiency with which the company's fixed assets are being employed to generate sales. While the ratios remain within a relatively narrow band, the consistent downward movement from early 2023 onward may warrant further analysis to understand whether asset base changes, operational efficiencies, or other strategic factors are influencing asset utilization.
Data beyond May 2024 indicates no available values, suggesting either a cessation of reporting or gaps in the data. Overall, the fixed asset turnover ratio shows a trend of gradual decline, implying a potential need for improved asset management or operational efficiencies to sustain or enhance sales productivity relative to fixed assets.
Peer comparison
May 31, 2025