General Mills Inc (GIS)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,486,600 | 19,644,300 | 19,638,700 | 19,497,800 | 19,627,200 | 20,052,700 | 20,237,700 | 20,043,200 | 19,853,400 | 19,744,000 | 19,857,000 | 20,078,200 | 20,331,800 | 20,522,500 | 20,517,100 | 20,108,800 | 20,128,300 | 19,798,800 | 19,665,300 | 19,485,400 |
| Receivables | US$ in thousands | 1,795,900 | 1,791,000 | 1,781,900 | 1,843,800 | 1,938,600 | 1,696,200 | 1,771,100 | 1,771,100 | 1,758,800 | 1,758,800 | 1,791,100 | 1,791,100 | 2,014,000 | 1,683,200 | 1,770,200 | 1,770,200 | 1,834,000 | 1,834,000 | 1,730,400 | 1,730,400 |
| Receivables turnover | 10.85 | 10.97 | 11.02 | 10.57 | 10.12 | 11.82 | 11.43 | 11.32 | 11.29 | 11.23 | 11.09 | 11.21 | 10.10 | 12.19 | 11.59 | 11.36 | 10.98 | 10.80 | 11.36 | 11.26 |
May 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $19,486,600K ÷ $1,795,900K
= 10.85
The receivables turnover ratio for General Mills Inc. over the analyzed period demonstrates a generally stable performance with modest fluctuations. Starting from August 28, 2022, at 11.26, the ratio exhibits minor variations, reaching a peak of approximately 12.19 in May 2023. During this interval, the ratio shows a slight upward trend, indicating an improvement in the company's efficiency in collecting receivables.
Subsequently, there is a temporary decline observed in the latter part of 2023, with the ratio decreasing to around 10.10 in May 2023, suggesting a slight slowdown in receivables collection efficiency during this period. Nonetheless, in late 2023 and early 2024, the ratio stabilizes and experiences incremental increases, reaching approximately 11.43 in February 2024 and peaking at 11.82 in May 2024. This suggests renewed efficiency in receivables management.
From mid-2024 onward, the ratio remains relatively stable, fluctuating within a narrow range of approximately 10.12 to 11.02, indicating consistent receivables management performance. Overall, the data portrays a company maintaining a stable receivables turnover ratio with periodic improvements and slight declines, reflecting a consistent approach to the collection of receivables and sound credit management practices over the analyzed timeframe.
Peer comparison
May 31, 2025