General Mills Inc (GIS)
Operating return on assets (Operating ROA)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,431,700 | 3,433,800 | 3,475,800 | 3,144,800 | 2,953,900 |
| Total assets | US$ in thousands | 31,469,900 | 31,451,700 | 31,090,100 | 31,841,900 | 30,806,700 |
| Operating ROA | 10.90% | 10.92% | 11.18% | 9.88% | 9.59% |
May 26, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,431,700K ÷ $31,469,900K
= 10.90%
General Mills Inc's operating return on assets (operating ROA) has displayed stability over the past five years, ranging from 9.59% in May 2020 to 11.18% in May 2022. The operating ROA for the most recent fiscal year, ending May 26, 2024, stood at 10.90%. This indicates that the company generated approximately $0.109 in operating income for every dollar of assets employed in its operations. The consistent performance of General Mills Inc in maintaining operating ROA above 10% reflects efficient asset utilization and effective management of its operating activities to generate profits. By closely monitoring and analyzing operating ROA trends, stakeholders can assess the company's operational efficiency and profitability in relation to its asset base.
Peer comparison
May 26, 2024