General Mills Inc (GIS)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 31,469,900 | 30,860,500 | 31,233,400 | 31,319,700 | 31,451,700 | 31,199,800 | 31,319,800 | 31,107,200 | 31,090,100 | 31,143,800 | 32,481,600 | 32,332,200 | 31,841,900 | 32,648,800 | 32,307,600 | 31,262,200 | 30,806,700 | 30,248,700 | 30,452,400 | 30,313,200 |
| Operating ROA | 10.90% | 11.25% | 10.53% | 10.47% | 10.92% | 11.64% | 11.87% | 11.95% | 11.18% | 9.66% | 9.29% | 9.70% | 9.88% | 10.49% | 10.06% | 10.06% | 9.59% | 9.39% | 9.33% | 8.50% |
May 26, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,431,700K ÷ $31,469,900K
= 10.90%
General Mills Inc's operating return on assets (operating ROA) has shown some fluctuations over the past 20 quarters. The operating ROA ranged from 8.50% to 11.87%, with the highest value recorded in the quarter ending in February 2023. Despite these fluctuations, the operating ROA generally remained above 9%, indicating that the company has been effectively generating earnings from its assets to support its operations.
The operating ROA for the most recent quarter, ending on May 26, 2024, was reported at 10.90%. This suggests that for every dollar of assets General Mills Inc possesses, the company generated a profit of approximately 10.90 cents through its core operations during that period.
Overall, the trend of operating ROA for General Mills Inc appears relatively stable and healthy, as it consistently maintained double-digit figures. However, it would be beneficial to monitor future quarters to assess if the company can sustain or improve its operating ROA performance over time.
Peer comparison
May 26, 2024