General Mills Inc (GIS)

Operating 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
Operating income (ttm)	US$ in thousands	3,431,700	3,470,700	3,290,200	3,278,200	3,433,800	3,631,700	3,716,800	3,717,100	3,475,800	3,007,600	3,018,900	3,135,400	3,144,800	3,426,400	3,250,600	3,145,200	2,953,900	2,840,500	2,841,000	2,576,800
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
Operating profit margin		17.49%	17.42%	16.46%	16.32%	16.86%	17.95%	18.77%	18.96%	18.30%	16.15%	16.39%	17.32%	17.56%	18.59%	17.98%	17.70%	16.98%	17.18%	17.22%	15.64%

May 26, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,431,700K ÷ $19,623,400K
= 17.49%

General Mills Inc's operating profit margin has shown some fluctuations over the past few quarters. The company's operating profit margin ranged from a low of 15.64% in the November 2019 quarter to a high of 18.96% in the August 2022 quarter.

Overall, General Mills Inc has maintained a relatively stable operating profit margin, with an average of around 17% during the period under review. This indicates that the company has effectively managed its operating expenses in relation to its revenue generation.

The slight variations in the operating profit margin could be attributed to various factors such as changes in input costs, pricing strategies, or operational efficiencies. It is essential for General Mills Inc to continue monitoring and optimizing its operating costs to ensure sustained profitability in the future.