General Mills Inc (GIS)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	9,263,200	9,200,700	9,275,600	9,396,700	9,396,700	9,436,800	9,436,800	9,378,800	9,378,800	10,262,400	10,262,400	10,449,600	10,449,600	10,234,500	10,234,500	10,121,200	10,121,200	10,574,800	10,574,800	10,542,400
ROE		27.62%	27.07%	25.50%	26.13%	26.53%	26.82%	26.86%	27.06%	27.27%	25.11%	23.94%	22.35%	22.27%	22.65%	25.26%	28.18%	30.32%	31.07%	29.56%	28.14%

February 28, 2025 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,558,700K ÷ $9,263,200K
= 27.62%

General Mills Inc's return on equity (ROE) has shown some fluctuations over the periods provided. Starting at 28.14% in May 2022, the ROE increased to 31.07% by August 2022, suggesting improved efficiency in generating profits from shareholders' equity. However, there was a slight decline to 28.18% in November 2022 before dropping further to 22.65% in February 2023, indicating a decrease in profitability relative to the equity investments.

The trend continued with ROE figures hovering around the low 20s percentage range from May 2023 to August 2023. There was a gradual improvement towards the end of 2023, with the ROE reaching 27.27% by November 2023. This positive momentum was sustained into early 2024, with ROE remaining relatively stable between 26% and 27%.

In the last reported period of February 2025, General Mills Inc's ROE stood at 27.62%, showing a moderate increase compared to the prior periods. Overall, while there were fluctuations in the ROE, the company has generally maintained a respectable level of return on equity, reflecting its ability to generate earnings from the shareholders' investments in the company.