General Mills Inc (GIS)

Total asset 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
Total assets	US$ in thousands	33,071,100	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
Total asset turnover		0.59	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

May 31, 2025 calculation

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

The analysis of General Mills Inc.'s total asset turnover ratio over the specified period reveals a generally stable pattern with slight fluctuations. The ratio ranged from a high of approximately 0.66 in late February 2023 to a low of around 0.59 in late November 2024 and May 2025. Throughout the observed timeframe, the ratio demonstrated minimal volatility, consistently maintaining values between 0.59 and 0.66.

Such stability suggests that the company's efficiency in generating sales from its asset base has remained relatively constant. The relatively narrow band of the ratio indicates that there have been no significant shifts in asset utilization efficiency or changes in sales productivity relative to total assets. This consistency may reflect steady operational performance and effective asset management practices.

The slight decreasing trend toward the end of the period, with the ratio dipping below 0.60, could imply marginal declines in asset utilization efficiency or strategic changes affecting sales generation relative to assets. However, the ratio's overall stability signifies that the company's core operational efficiency in converting assets into sales has been maintained over time.

In summary, General Mills Inc. has exhibited a steady total asset turnover ratio over the analyzed period, generally remaining within a narrow range, which indicates consistent operational efficiency with minor variations that could be attributed to temporal shifts in sales or asset levels.