General Mills Inc (GIS)

Return on equity (ROE)

		May 31, 2024	May 26, 2024	May 31, 2023	May 28, 2023	May 31, 2022
Net income	US$ in thousands	2,496,600	2,496,600	2,593,900	2,593,900	2,707,300
Total stockholders’ equity	US$ in thousands	9,396,700	9,396,700	10,449,600	10,449,600	10,542,400
ROE		26.57%	26.57%	24.82%	24.82%	25.68%

May 31, 2024 calculation

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

General Mills Inc's return on equity (ROE) has remained relatively stable over the last few years, ranging between 24.82% and 26.57%. This indicates that the company is generating a consistent level of earnings relative to its shareholders' equity. A higher ROE generally signifies that the company is effectively utilizing its equity to generate profits.

The increasing trend in ROE from 2022 to 2024 suggests that General Mills Inc has been improving its efficiency in generating profits from shareholders' investments. This could be attributed to effective cost management, strong revenue growth, or efficient asset utilization.

Overall, General Mills Inc's ROE performance indicates a strong ability to generate returns for its shareholders, which is a positive signal for investors and stakeholders. However, it is essential to continue monitoring this metric along with other financial ratios to assess the company's overall financial health and performance.