General Mills Inc (GIS)
Profitability ratios
Return on sales
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | |
|---|---|---|---|---|---|
| Gross profit margin | 34.91% | 340.18% | 32.58% | 334.41% | 33.71% |
| Operating profit margin | 17.28% | 168.40% | 17.09% | 175.43% | 18.30% |
| Pretax margin | 15.25% | 151.69% | 15.63% | 163.79% | 16.90% |
| Net profit margin | 12.57% | 122.51% | 12.91% | 132.52% | 14.25% |
General Mills Inc has shown a consistent gross profit margin over the years, averaging around 33% to 35%. This indicates the company is effectively managing its production costs and generating a healthy gross profit from its sales.
In terms of operating profit margin, General Mills Inc has been stable, with figures ranging from 17% to 18%. This suggests that the company is efficiently controlling its operating expenses and generating a reasonable profit from its core operations.
The pretax margin for General Mills Inc has also been relatively steady, falling within the range of 15% to 17%. This indicates that the company is effectively managing its taxes and other expenses before reaching the pretax profit level.
Lastly, the net profit margin for General Mills Inc has remained consistent, ranging from 12% to 14%. This shows the company's ability to convert its revenue into profit after accounting for all expenses, including taxes.
In conclusion, General Mills Inc has demonstrated stability and efficiency in its profitability ratios, showcasing effective cost management and profit generation capabilities over the years.
Return on investment
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 10.90% | 10.90% | 10.92% | 10.92% | 11.18% |
| Return on assets (ROA) | 7.93% | 7.93% | 8.25% | 8.25% | 8.71% |
| Return on total capital | 37.53% | 38.00% | 33.84% | 34.34% | 34.08% |
| Return on equity (ROE) | 26.57% | 26.57% | 24.82% | 24.82% | 25.68% |
General Mills Inc's profitability ratios have shown consistent performance over the analyzed period.
- Operating return on assets (Operating ROA) has slightly decreased from 11.18% in May 2022 to 10.90% in May 2024. This indicates that the company's ability to generate profits from its operational assets has remained relatively stable.
- Return on assets (ROA) has also experienced a slight decline from 8.71% in May 2022 to 7.93% in May 2024. This shows that General Mills Inc's overall profitability in relation to its total assets has decreased over the period.
- Return on total capital has shown fluctuations, with an increase from 34.08% in May 2022 to 38.00% in May 2024, before declining slightly to 37.53% in May 2024. This ratio indicates the company's efficiency in generating returns from all invested capital.
- Return on equity (ROE) has demonstrated a similar trend to ROA, decreasing from 25.68% in May 2022 to 26.57% in May 2024. ROE reflects how well the company is utilizing shareholder equity to generate profits.
Overall, General Mills Inc has maintained solid profitability ratios, with some minor fluctuations over the analyzed period. The company has shown efficiency in utilizing its assets and capital to generate returns for its shareholders, albeit with a slight decline in profitability ratios towards the end of the period.