General Mills Inc (GIS)

Return on assets (ROA)

		May 31, 2025	May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023
Net income	US$ in thousands	2,284,700	2,496,600	2,496,600	2,593,900	2,593,900
Total assets	US$ in thousands	33,071,100	31,469,900	31,469,900	31,451,700	31,451,700
ROA		6.91%	7.93%	7.93%	8.25%	8.25%

May 31, 2025 calculation

ROA = Net income ÷ Total assets
= $2,284,700K ÷ $33,071,100K
= 6.91%

The return on assets (ROA) for General Mills Inc. demonstrates a declining trend over the period spanning from May 28, 2023, to May 31, 2025. Specifically, the ROA remained stable at 8.25% for the year ending May 28, 2023, and continued at the same level through May 31, 2023. By the end of the next period, May 26, 2024, the ROA decreased slightly to 7.93%, and this lower level persisted through May 31, 2024. The most recent measurement, as of May 31, 2025, indicates a further decline, with the ROA reaching 6.91%.

This downward trajectory suggests a gradual reduction in the profitability generated from the company’s assets over the two-year span. The initial stability followed by a consistent decline may indicate increased asset base without proportionate profit growth, or a reduced efficiency in utilizing assets to generate earnings. It would be prudent to consider underlying factors such as changes in net income, asset base adjustments, or strategic shifts that could influence these ROA movements for a more comprehensive understanding.