General Mills Inc (GIS)

Number of days of payables

		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
Payables turnover		—	—	—	—	3.54	—	4.15	—	3.84	—	3.81	—	3.52	—	4.03	—	3.72	—	3.60	—
Number of days of payables	days	—	—	—	—	103.16	—	88.02	—	94.95	—	95.75	—	103.64	—	90.67	—	98.22	—	101.33	—

February 28, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The number of days of payables for General Mills Inc fluctuated over the observed periods. The company's days of payables ranged from approximately 88 to 103 days during the analyzed timeline. This metric reflects the average number of days it takes for General Mills to pay its suppliers and vendors after receiving goods or services.

A decrease in the number of days of payables could indicate that General Mills is paying its suppliers more quickly, which may suggest strong liquidity or good supplier relationships. Conversely, an increase in this metric could imply that the company is taking longer to settle its payables, possibly due to cash flow constraints or renegotiated payment terms with suppliers.

It is important to consider General Mills' payment policies and industry norms when assessing the significance of changes in the number of days of payables. Additionally, comparing this ratio with peer companies or historical data can provide further insights into General Mills' payment practices and financial performance.