General Mills Inc (GIS)

Number of days of payables

		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
Payables turnover		3.54	3.44	3.11	3.33	3.44	3.53	4.22	4.15	3.86	3.84	3.72	3.81	3.47	3.52	4.08	4.03	3.79	3.69	3.61	3.57
Number of days of payables	days	103.10	106.14	117.47	109.67	105.97	103.35	86.53	88.02	94.49	94.95	98.02	95.75	105.16	103.64	89.57	90.67	96.43	98.99	101.18	102.20

May 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.54
= 103.10

The data on the number of days of payables for General Mills Inc. over the specified periods demonstrates notable fluctuations and trends. At the beginning of the observed timeframe, the payables period was approximately 102.20 days as of August 28, 2022, and remained relatively stable through August 31, 2022, with a slight decrease to 101.18 days. As the months progressed, a gradual decline in the payable days occurred, reaching a low of approximately 89.57 days by the end of February 2023, indicating a shorter horizon for settling liabilities.

Subsequently, the payable period increased again, peaking at around 105.16 days on May 31, 2023, and further to approximately 109.67 days by August 31, 2024. This extension suggests a potential shift towards more extended credit terms or relaxed payment policies during this period. Notably, in late 2024, the payable days reached a maximum of approximately 117.47 days as of November 30, 2024, indicating a significant elongation of the payables cycle.

Looking into the most recent data points, there is a slight decrease, with the days of payables decreasing to around 103.10 days by May 31, 2025, but still remaining elevated compared to initial levels. Overall, the trend reflects periods of both contraction and expansion in days payable outstanding, with a general inclination towards longer payment terms in the latter part of the observed timeframe, suggesting potential strategic management of liabilities or shifts in supplier payment agreements.