General Mills Inc (GIS)

Working capital turnover

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Revenue	US$ in thousands	2,037,800	1,957,400	2,134,300	2,189,200	2,045,600
Total current assets	US$ in thousands	4,580,900	5,176,400	5,089,800	5,754,500	5,121,300
Total current liabilities	US$ in thousands	7,033,100	7,535,700	8,019,900	8,265,800	7,491,500
Working capital turnover		—	—	—	—	—

May 26, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,037,800K ÷ ($4,580,900K – $7,033,100K)
= —

To calculate working capital turnover, we need to divide the cost of goods sold by the average working capital. Unfortunately, without specific data on cost of goods sold or working capital for General Mills Inc for the years in question, we are unable to compute the working capital turnover ratio. However, generally speaking, a higher working capital turnover ratio indicates more efficient use of working capital. This ratio can provide insights into how well a company is managing its working capital to generate sales revenue.