General Mills Inc (GIS)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	12,697,000	12,642,200	12,750,600	13,761,200	14,109,100	15,268,300	14,985,100	14,772,900	14,701,200	13,800,100	14,127,000	14,557,100	14,770,900	15,763,700	15,572,500	15,225,900	14,948,000	13,774,600	13,638,700	13,462,900
Payables	US$ in thousands	—	—	—	—	3,987,800	—	3,613,500	—	3,824,400	—	3,705,800	—	4,194,200	—	3,868,200	—	4,022,600	—	3,786,300	—
Payables turnover		—	—	—	—	3.54	—	4.15	—	3.84	—	3.81	—	3.52	—	4.03	—	3.72	—	3.60	—

February 28, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $12,697,000K ÷ $—K
= —

The payables turnover ratio reflects General Mills Inc's efficiency in managing its accounts payable by measuring how many times the company pays off its suppliers in a given period.

Based on the provided data, the payables turnover ratio fluctuated over the analyzed periods. It stood at 3.60 on August 28, 2022, increased to 4.03 by February 26, 2023, decreased to 3.52 on May 28, 2023, and rose to 4.15 by February 25, 2024.

A higher payables turnover ratio indicates a more efficient management of payables, as the company is paying off its suppliers more frequently. General Mills Inc seems to have improved its efficiency in managing accounts payable during these periods.

However, it is worth noting that some data points are missing, marked as "\u2014", which may hinder a complete analysis of the trend. Overall, the payables turnover ratio can provide insights into the company's liquidity, working capital management, and relationships with suppliers over time.