General Mills Inc (GIS)
Return on assets (ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,558,700 | 2,490,600 | 2,365,000 | 2,455,200 | 2,493,200 | 2,531,200 | 2,534,600 | 2,538,000 | 2,557,400 | 2,576,800 | 2,456,400 | 2,336,000 | 2,327,000 | 2,318,000 | 2,584,900 | 2,851,800 | 3,068,700 | 3,285,600 | 3,125,900 | 2,966,200 |
| Total assets | US$ in thousands | 32,706,200 | 33,396,100 | 31,769,200 | 31,469,900 | 31,469,900 | 30,860,500 | 30,860,500 | 31,233,400 | 31,233,400 | 31,319,700 | 31,319,700 | 31,451,700 | 31,451,700 | 31,199,800 | 31,199,800 | 31,319,800 | 31,319,800 | 31,107,200 | 31,107,200 | 31,488,400 |
| ROA | 7.82% | 7.46% | 7.44% | 7.80% | 7.92% | 8.20% | 8.21% | 8.13% | 8.19% | 8.23% | 7.84% | 7.43% | 7.40% | 7.43% | 8.28% | 9.11% | 9.80% | 10.56% | 10.05% | 9.42% |
February 28, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,558,700K ÷ $32,706,200K
= 7.82%
General Mills Inc's return on assets (ROA) has fluctuated over the provided time periods.
The ROA was relatively high in the August-November 2022 period, ranging from 10.05% to 10.56%, indicating efficient utilization of assets to generate earnings. However, there was a slight decrease in ROA in the following months.
From February 2023 to May 2024, the ROA showed a declining trend, dropping from 8.28% to 7.80%. This decline may suggest challenges in effectively generating profits from the company's assets during this period.
In the most recent data point as of February 2025, the ROA increased slightly to 7.82%. Although it remains lower than some earlier periods, this uptick could signal improved asset management efficiency and profitability.
Overall, General Mills Inc's ROA has displayed fluctuations, indicating changes in the company's ability to generate profits relative to its asset base over the analyzed time frame. Further analysis and comparison with industry benchmarks may provide additional insights into the company's performance.
Peer comparison
Feb 28, 2025