General Mills Inc (GIS)

Return on equity (ROE)

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Net income (ttm)	US$ in thousands	2,496,600	2,554,000	2,437,000	2,447,400	2,593,900	2,801,800	2,909,000	2,900,300	2,707,300	2,301,300	2,236,700	2,327,900	2,339,800	2,548,700	2,407,100	2,299,500	2,181,200	2,125,700	2,118,400	1,881,000
Total stockholders’ equity	US$ in thousands	9,396,700	9,436,800	9,378,800	10,262,400	10,449,600	10,234,500	10,121,200	10,574,800	10,542,400	9,812,900	9,524,500	9,692,300	9,470,400	8,890,300	8,550,000	8,444,600	8,058,500	7,575,100	7,712,300	7,382,800
ROE		26.57%	27.06%	25.98%	23.85%	24.82%	27.38%	28.74%	27.43%	25.68%	23.45%	23.48%	24.02%	24.71%	28.67%	28.15%	27.23%	27.07%	28.06%	27.47%	25.48%

May 26, 2024 calculation

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

General Mills Inc's Return on Equity (ROE) has shown some fluctuations over the periods analyzed. The ROE ranged from as low as 23.45% in February 2022 to as high as 28.74% in November 2022. Overall, the ROE trend appears to be relatively stable, with the most recent ROE at 26.57% in May 2024.

The company's ROE performance indicates that for every dollar of shareholders' equity invested, General Mills generated a return ranging from 23.45% to 28.74% during the periods analyzed. A higher ROE suggests that the company is effectively utilizing shareholders' equity to generate profits.

It is important to consider the factors influencing General Mills' ROE, such as its profitability, asset management efficiency, and financial leverage. Monitoring trends in ROE can provide insights into the company's financial health and management's effectiveness in creating value for shareholders.