General Mills Inc (GIS)

Total asset turnover

		May 31, 2025	May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023
Revenue	US$ in thousands	19,486,600	19,857,200	2,037,800	20,094,200	1,957,400
Total assets	US$ in thousands	33,071,100	31,469,900	31,469,900	31,451,700	31,451,700
Total asset turnover		0.59	0.63	0.06	0.64	0.06

May 31, 2025 calculation

Total asset turnover = Revenue ÷ Total assets
= $19,486,600K ÷ $33,071,100K
= 0.59

The total asset turnover ratio of General Mills Inc. exhibits notable fluctuations over the specified period. As of May 28, 2023, the ratio was 0.06, indicating a very low level of sales generated per dollar of assets. By the subsequent year, May 31, 2023, this ratio increased significantly to 0.64, reflecting enhanced efficiency in using assets to produce sales. However, at the end of the following year, May 26, 2024, the ratio reverted to a low value of 0.06, suggesting a return to minimal asset productivity or potential changes in operational dynamics. Subsequently, on May 31, 2024, the ratio rose again sharply to approximately 0.63, demonstrating renewed efficiency similar to the prior year's peak. Moving into May 31, 2025, the ratio showed a decline to 0.59 but remained markedly higher than the initial value observed in 2023.

This pattern indicates a cyclical or episodic variation in the company's asset utilization efficiency over the analyzed period. The substantial increases in the ratio suggest periods of improved sales performance relative to assets, while the decreases could point to periods of asset underutilization or strategic shifts affecting operational capacity. Overall, the data reveals that General Mills Inc.’s total asset turnover ratio tends to fluctuate significantly within a relatively narrow range, highlighting variability in how effectively the company leverages its assets to generate sales over time.