General Mills Inc (GIS)

Return on assets (ROA)

		May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023	May 31, 2022
Net income	US$ in thousands	2,496,600	2,496,600	2,593,900	2,593,900	2,707,300
Total assets	US$ in thousands	31,469,900	31,469,900	31,451,700	31,451,700	31,090,100
ROA		7.93%	7.93%	8.25%	8.25%	8.71%

May 31, 2024 calculation

ROA = Net income ÷ Total assets
= $2,496,600K ÷ $31,469,900K
= 7.93%

Based on the data provided, General Mills Inc has experienced a slight decline in its return on assets (ROA) over the past few years. The ROA decreased from 8.71% as of May 31, 2022, to 7.93% as of May 31, 2024. This indicates that the company is generating less profit relative to its total assets. A decreasing trend in ROA could suggest inefficiencies in asset utilization or declining profitability. It is important for General Mills Inc to closely monitor its asset management strategies to improve its ROA and overall financial performance.