General Mills Inc (GIS)

The payables turnover ratios for General Mills Inc over the specified periods demonstrate notable fluctuations. As of May 28, 2023, the ratio was recorded at -1.09, indicating an abnormal or possibly erroneous figure given that payables turnover is typically a positive ratio. By May 31, 2023, the ratio shifted to 3.23, suggesting a more standard and interpretable figure representing the number of times the company paid off its payables within a period. Moving forward to May 26, 2024, the ratio declined to -1.23, again reflecting an abnormal negative value, which could imply reporting inconsistencies or specific anomalies in the data or accounting practices during that period. On May 31, 2024, the ratio improved slightly to 3.24, closely aligning with the previous positive figure, suggesting a return to typical operational performance in managing payables. Lastly, on May 31, 2025, the payables turnover was slightly lower at 3.18, indicating a marginal decrease in the frequency with which the company settled its accounts payable within that fiscal year.

Overall, the data depicts a pattern of irregularities marked by negative ratios in certain periods, which are inconsistent with standard payables turnover calculations. When positive, the ratios suggest that the company generally pays its accounts payable approximately 3 times per year, implying moderate efficiency in settling short-term liabilities. The fluctuations and negative values warrant further investigation into the underlying accounting treatments and reporting specifics to accurately interpret the company's payables management efficacy.

Peer comparison

May 31, 2025