General Mills Inc (GIS)

Number of days of payables

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Payables turnover		3.91	4.38	4.20	4.36	3.87	4.15	3.86	4.05	3.75	4.25	4.22	4.30	3.82	4.21	4.15	4.37	4.24	4.51	4.31	4.84
Number of days of payables	days	93.40	83.26	86.92	83.75	94.30	87.95	94.53	90.16	97.20	85.86	86.45	84.88	95.59	86.69	87.86	83.44	86.14	81.01	84.70	75.43

May 26, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.91
= 93.40

The number of days of payables for General Mills Inc ranged from 75.43 days to 97.20 days over the past few years. The average number of days of payables during this period was approximately 87.47 days.

A lower number of days of payables indicates that the company is taking less time to pay its suppliers, which could result in better relationships with suppliers but may also suggest potential liquidity issues if payments are being made too quickly. Conversely, a higher number of days of payables could signal that the company is effectively managing its cash flow by extending payment terms, but it may also strain relationships with suppliers.

While a single ratio may not provide a comprehensive view of a company's financial health, analyzing the trend of the number of days of payables over time can offer insights into General Mills Inc's working capital management and financial performance.