General Mills Inc (GIS)
Operating return on assets (Operating ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,431,700 | 3,431,700 | 3,433,800 | 3,433,800 | 3,475,800 |
| Total assets | US$ in thousands | 31,469,900 | 31,469,900 | 31,451,700 | 31,451,700 | 31,090,100 |
| Operating ROA | 10.90% | 10.90% | 10.92% | 10.92% | 11.18% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,431,700K ÷ $31,469,900K
= 10.90%
General Mills Inc's operating return on assets (ROA) has been relatively stable over the past few years, ranging between 10.90% and 11.18%. This indicates that the company is efficient in generating operating income relative to its asset base. A consistent operating ROA suggests that General Mills is effectively utilizing its assets to generate operating profits. However, a slight decrease in operating ROA from 11.18% to 10.90% from May 2022 to May 2024 may indicate a marginal decline in efficiency in recent periods. It is essential for General Mills to continue monitoring and optimizing its asset management to maintain or improve its operating ROA in the future.
Peer comparison
May 31, 2024