General Mills Inc (GIS)

Net profit margin

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Net income (ttm)	US$ in thousands	2,496,600	2,554,000	2,437,000	2,447,400	2,593,900	2,801,800	2,909,000	2,900,300	2,707,300	2,301,300	2,236,700	2,327,900	2,339,800	2,548,700	2,407,100	2,299,500	2,181,200	2,125,700	2,118,400	1,881,000
Revenue (ttm)	US$ in thousands	19,623,400	19,921,400	19,985,200	20,092,800	20,365,900	20,227,000	19,807,000	19,609,100	18,992,300	18,622,800	18,415,500	18,103,000	17,911,900	18,427,300	18,083,800	17,766,400	17,397,300	16,536,800	16,498,400	16,475,500
Net profit margin		12.72%	12.82%	12.19%	12.18%	12.74%	13.85%	14.69%	14.79%	14.25%	12.36%	12.15%	12.86%	13.06%	13.83%	13.31%	12.94%	12.54%	12.85%	12.84%	11.42%

May 26, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,496,600K ÷ $19,623,400K
= 12.72%

The net profit margin of General Mills Inc has shown relatively stable performance over the past few quarters, ranging between 11.42% to 14.79%. The net profit margin indicates the company's ability to convert revenue into profit after accounting for all expenses.

In the recent quarter, the net profit margin stood at 12.72%, reflecting that the company retained $0.1272 in net income for every dollar of revenue generated. Although there were fluctuations in the net profit margin over the period, it generally remained above 12%, indicating the company's efficiency in managing costs and generating profits.

The slight variations in the net profit margin may be attributed to fluctuations in revenue, operating expenses, or one-time events impacting profitability. General Mills Inc's ability to maintain a double-digit net profit margin indicates a healthy financial performance and effective cost management strategies.

Investors and stakeholders may find the stable net profit margin of General Mills Inc reassuring, as it suggests the company's consistent profitability and ability to sustain its operations over time. Further monitoring of the net profit margin in conjunction with other financial metrics can provide a comprehensive assessment of the company's financial health and performance.