General Mills Inc (GIS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	9,396,700	10,449,600	10,542,400	9,470,400	8,058,500
ROE		26.57%	24.82%	25.68%	24.71%	27.07%

May 26, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $2,496,600K ÷ $9,396,700K
= 26.57%

General Mills Inc has demonstrated a consistently strong Return on Equity (ROE) over the past five years, ranging from 24.71% to 27.07%. The ROE indicates how effectively the company is generating profits from its shareholders' equity. The increasing trend in ROE from 2020 to 2021 followed by fluctuations within a relatively narrow range suggests the company's efficient use of equity to generate earnings. The high ROE levels reflect General Mills Inc's ability to generate profit relative to the shareholders' investments, indicating strong financial performance and effective management of the company's assets. Overall, the company's ROE performance over the years demonstrates favorable profitability and efficiency in utilizing shareholder funds to generate earnings.