General Mills Inc (GIS)

Total asset 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
Revenue (ttm)	US$ in thousands	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	19,045,900
Total assets	US$ in thousands	32,706,200	33,396,100	31,769,200	31,469,900	31,469,900	30,860,500	30,860,500	31,233,400	31,233,400	31,319,700	31,319,700	31,451,700	31,451,700	31,199,800	31,199,800	31,319,800	31,319,800	31,107,200	31,107,200	31,488,400
Total asset turnover		0.60	0.59	0.61	0.62	0.64	0.66	0.65	0.64	0.63	0.63	0.64	0.65	0.65	0.66	0.64	0.64	0.63	0.63	0.63	0.60

February 28, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $19,644,300K ÷ $32,706,200K
= 0.60

General Mills Inc's total asset turnover ratio has shown some fluctuations over the period observed. The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate revenue. A higher ratio indicates better asset utilization.

From May 31, 2022, to February 28, 2025, the total asset turnover ratio ranged from 0.59 to 0.66. The ratio increased from 0.60 in May 31, 2022, to a peak of 0.66 in February 28, 2023, before declining slightly to 0.62 by May 31, 2024. Overall, the company's total asset turnover ratio has been relatively stable, hovering around the range of 0.60 to 0.66, indicating that General Mills has been effectively utilizing its assets to generate revenues during the period analyzed.

It is essential for the company to monitor and maintain an optimal total asset turnover ratio to ensure efficient asset management and maximize profitability. This analysis suggests that General Mills has been reasonably successful in utilizing its assets to drive revenue generation over the examined period.