General Mills Inc (GIS)

Return on assets (ROA)

		May 31, 2025	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
Net income (ttm)	US$ in thousands	2,010,000	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
Total assets	US$ in thousands	33,071,100	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
ROA		6.08%	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%

May 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,010,000K ÷ $33,071,100K
= 6.08%

The analysis of General Mills Inc.'s return on assets (ROA) over the evaluated period reveals a general downward trend from August 2022 through May 2025. Initially, the ROA stood at approximately 10.05% in late August 2022, reaching its peak at around 10.56% in the same period. Following this high, there was a consistent decline observed over the subsequent quarters, with the ROA decreasing to approximately 8.28% by late February 2023 and further declining to around 7.40% by May 2023.

This downward trajectory continued into August and November 2023, where the ROA hovered slightly above 8% (specifically 8.23% and 8.19%, respectively). The trend persisted into early 2024, with ROA values remaining relatively stable around 8.2%, but then experiencing a slight decrease below 8%, settling at approximately 7.44% by August 2024. The values for late 2024 showed minor fluctuations close to 7.45%, indicating relative stability but at a lower level than the previous year.

The most notable change appears in the data for early 2025, where a significant decline in ROA is observed, dropping sharply to around 6.08% in May 2025. This indicates a marked reduction in asset efficiency or profitability relative to the company's assets.

Overall, the data suggests that General Mills Inc. has experienced a gradual decrease in ROA over the review period, with notable stability in late 2023 and early 2024, followed by a pronounced decline in early 2025. The decline could be indicative of challenges in asset utilization, changes in operating efficiency, or broader market and operational factors affecting profitability.