General Mills Inc (GIS)

Return on assets (ROA)

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Net income	US$ in thousands	2,496,600	2,593,900	2,707,300	2,339,800	2,181,200
Total assets	US$ in thousands	31,469,900	31,451,700	31,090,100	31,841,900	30,806,700
ROA		7.93%	8.25%	8.71%	7.35%	7.08%

May 26, 2024 calculation

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

General Mills Inc's return on assets (ROA) has shown a fluctuating trend over the past five years, ranging from 7.08% in May 2020 to 8.71% in May 2022. The ROA measure indicates the company's ability to generate profits relative to its assets, with higher percentages suggesting more efficient asset utilization.

The recent ROA of 7.93% in May 2024 is slightly lower than the prior year's 8.25%, indicating a potential decrease in profitability relative to its asset base. While the downward trend may raise concerns, it is essential to analyze the reason behind the decline and assess whether it is a temporary or systemic issue impacting the company's performance.

Overall, General Mills Inc's ROA performance suggests that the company has generally been effective in using its assets to generate profits, but investors and stakeholders should closely monitor future financial reports to track any significant changes in the company's efficiency in asset utilization.