General Mills Inc (GIS)
Return on total capital
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 3,526,300 | 3,570,300 | 3,536,600 | 3,588,200 | 3,593,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 9,396,700 | 9,396,700 | 10,449,600 | 10,449,600 | 10,542,400 |
| Return on total capital | 37.53% | 38.00% | 33.84% | 34.34% | 34.08% |
May 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $3,526,300K ÷ ($—K + $9,396,700K)
= 37.53%
General Mills Inc's return on total capital has shown a consistent and strong performance over the years based on the provided data. From May 31, 2022, to May 31, 2024, the return on total capital has ranged from 33.84% to 38.00%. This indicates that the company has been efficiently utilizing its capital to generate profits. The increase in return on total capital from 33.84% in May 31, 2023, to 38.00% in May 26, 2024, demonstrates an improvement in the company's ability to generate returns for its investors. Overall, the consistent high performance of General Mills Inc's return on total capital reflects the company's effective management of its capital resources.
Peer comparison
May 31, 2024