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General Mills (XTER:GRM) Gross-Profit-to-Asset % : 22.03% (As of Feb. 2024)


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What is General Mills Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. General Mills's annualized Gross Profit for the quarter that ended in Feb. 2024 was €6,331 Mil. General Mills's average Total Assets over the quarter that ended in Feb. 2024 was €28,734 Mil. Therefore, General Mills's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 was 22.03%.


General Mills Gross-Profit-to-Asset % Historical Data

The historical data trend for General Mills's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

General Mills Gross-Profit-to-Asset % Chart

General Mills Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.48 20.38 19.49 21.78 20.64

General Mills Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.78 21.90 22.53 22.67 22.03

Competitive Comparison of General Mills's Gross-Profit-to-Asset %

For the Packaged Foods subindustry, General Mills's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Mills's Gross-Profit-to-Asset % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, General Mills's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where General Mills's Gross-Profit-to-Asset % falls into.



General Mills Gross-Profit-to-Asset % Calculation

General Mills's annualized Gross-Profit-to-Asset % for the fiscal year that ended in May. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: May. 2023 )/( (Total Assets (A: May. 2022 )+Total Assets (A: May. 2023 ))/ count )
=6022.136/( (29411.235+28935.564)/ 2 )
=6022.136/29173.3995
=20.64 %

General Mills's annualized Gross-Profit-to-Asset % for the quarter that ended in Feb. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Feb. 2024 )/( (Total Assets (Q: Nov. 2023 )+Total Assets (Q: Feb. 2024 ))/ count )
=6331.04/( (28859.662+28607.683)/ 2 )
=6331.04/28733.6725
=22.03 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Feb. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


General Mills Gross-Profit-to-Asset % Related Terms

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General Mills (XTER:GRM) Business Description

Address
Number One General Mills Boulevard, Minneapolis, MN, USA, 55426
General Mills is a global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In fiscal 2023, 81% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products to the foodservice channel and the commercial baking industry.

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