Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
General Mills Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | General Mills Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | General Mills Inc. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | General Mills Inc. equity turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |
Net Fixed Asset Turnover
General Mills Inc., net fixed asset turnover calculation, comparison to benchmarks
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 16,865,200) | 15,740,400) | 15,619,800) | 16,563,100) | 17,630,300) | 17,909,600) | |
| Land, buildings, and equipment | 3,787,200) | 4,047,200) | 3,687,700) | 3,743,600) | 3,783,300) | 3,941,900) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 4.45 | 3.89 | 4.24 | 4.42 | 4.66 | 4.54 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Coca-Cola Co. | 3.44 | — | — | — | — | — | |
| Mondelēz International Inc. | 2.96 | — | — | — | — | — | |
| PepsiCo Inc. | 3.48 | — | — | — | — | — | |
| Philip Morris International Inc. | 4.49 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
1 2019 Calculation
Net fixed asset turnover = Net sales ÷ Land, buildings, and equipment
= 16,865,200 ÷ 3,787,200 = 4.45
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | General Mills Inc. net fixed asset turnover ratio deteriorated from 2017 to 2018 but then improved from 2018 to 2019 exceeding 2017 level. |
Total Asset Turnover
General Mills Inc., total asset turnover calculation, comparison to benchmarks
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 16,865,200) | 15,740,400) | 15,619,800) | 16,563,100) | 17,630,300) | 17,909,600) | |
| Total assets | 30,111,200) | 30,624,000) | 21,812,600) | 21,712,300) | 21,964,500) | 23,145,700) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.56 | 0.51 | 0.72 | 0.76 | 0.80 | 0.77 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Coca-Cola Co. | 0.43 | — | — | — | — | — | |
| Mondelēz International Inc. | 0.40 | — | — | — | — | — | |
| PepsiCo Inc. | 0.86 | — | — | — | — | — | |
| Philip Morris International Inc. | 0.70 | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
1 2019 Calculation
Total asset turnover = Net sales ÷ Total assets
= 16,865,200 ÷ 30,111,200 = 0.56
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | General Mills Inc. total asset turnover ratio deteriorated from 2017 to 2018 but then slightly improved from 2018 to 2019. |
Equity Turnover
General Mills Inc., equity turnover calculation, comparison to benchmarks
| May 26, 2019 | May 27, 2018 | May 28, 2017 | May 29, 2016 | May 31, 2015 | May 25, 2014 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Net sales | 16,865,200) | 15,740,400) | 15,619,800) | 16,563,100) | 17,630,300) | 17,909,600) | |
| Stockholders’ equity | 7,054,500) | 6,141,100) | 4,327,900) | 4,930,200) | 4,996,700) | 6,534,800) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 2.39 | 2.56 | 3.61 | 3.36 | 3.53 | 2.74 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Coca-Cola Co. | 1.96 | — | — | — | — | — | |
| Mondelēz International Inc. | 0.95 | — | — | — | — | — | |
| PepsiCo Inc. | 4.54 | — | — | — | — | — | |
| Philip Morris International Inc. | — | — | — | — | — | — | |
Based on: 10-K (reporting date: 2019-05-26), 10-K (reporting date: 2018-05-27), 10-K (reporting date: 2017-05-28), 10-K (reporting date: 2016-05-29), 10-K (reporting date: 2015-05-31), 10-K (reporting date: 2014-05-25).
1 2019 Calculation
Equity turnover = Net sales ÷ Stockholders’ equity
= 16,865,200 ÷ 7,054,500 = 2.39
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | General Mills Inc. equity turnover ratio deteriorated from 2017 to 2018 and from 2018 to 2019. |