Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
General Mills Inc., short-term (operating) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | General Mills Inc. inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | General Mills Inc. receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | General Mills Inc. payables turnover ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020. |
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | General Mills Inc. number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | General Mills Inc. operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | General Mills Inc. number of days of payables outstanding decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level. |
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | General Mills Inc. cash conversion cycle deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |
Inventory Turnover
General Mills Inc., inventory turnover calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Cost of sales | 2,851,700) | 2,613,000) | 2,700,400) | 2,755,300) | 2,901,500) | 2,751,200) | 2,471,100) | 2,627,000) | 2,755,700) | 2,459,100) | 2,486,900) | 2,485,500) | 2,592,600) | 2,491,000) | 2,551,100) | 2,644,900) | 2,884,300) | 2,653,300) | 2,783,300) | 2,975,000) | 3,093,100) | 2,829,700) | 2,801,400) | 2,864,700) | 3,114,000) | 2,759,700) | ||||||||
| Inventories | 1,719,500) | 1,700,100) | 1,559,300) | 1,544,500) | 1,639,200) | 1,685,500) | 1,642,200) | 1,452,500) | 1,516,500) | 1,595,200) | 1,483,600) | 1,461,000) | 1,525,500) | 1,547,500) | 1,413,700) | 1,350,200) | 1,455,000) | 1,795,800) | 1,540,900) | 1,585,100) | 1,893,400) | 1,823,300) | 1,559,400) | 1,559,600) | 1,752,300) | 1,773,600) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Inventory turnover1 | 6.35 | 6.45 | 7.12 | 7.04 | 6.56 | 6.29 | 6.28 | 7.11 | 6.72 | 6.28 | 6.78 | 6.93 | 6.74 | 6.83 | 7.59 | 8.12 | 7.76 | 6.41 | 7.58 | 7.38 | 6.12 | 6.37 | 7.40 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Inventory Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 3.96 | 3.83 | 3.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 3.92 | 4.11 | 4.33 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 7.01 | 8.49 | 9.03 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 1.11 | 1.16 | 1.14 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Inventory turnover
= (Cost of salesQ2 2020
+ Cost of salesQ1 2020
+ Cost of salesQ4 2019
+ Cost of salesQ3 2019)
÷ Inventories
= (2,851,700 + 2,613,000 + 2,700,400 + 2,755,300)
÷ 1,719,500 = 6.35
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as cost of goods sold divided by inventory. | General Mills Inc. inventory turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Receivables Turnover
General Mills Inc., receivables turnover calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Net sales | 4,420,800) | 4,002,500) | 4,161,700) | 4,198,300) | 4,411,200) | 4,094,000) | 3,890,200) | 3,882,300) | 4,198,700) | 3,769,200) | 3,806,600) | 3,793,200) | 4,112,100) | 3,907,900) | 3,927,900) | 4,002,400) | 4,424,900) | 4,207,900) | 4,298,800) | 4,350,900) | 4,712,200) | 4,268,400) | 4,283,800) | 4,377,400) | 4,875,700) | 4,372,700) | ||||||||
| Receivables | 1,772,700) | 1,710,500) | 1,679,700) | 1,704,100) | 1,716,800) | 1,709,100) | 1,684,200) | 1,496,500) | 1,510,500) | 1,546,500) | 1,430,100) | 1,427,500) | 1,382,700) | 1,446,100) | 1,360,800) | 1,390,900) | 1,461,300) | 1,531,500) | 1,386,700) | 1,585,300) | 1,705,800) | 1,623,300) | 1,483,600) | 1,648,100) | 1,725,500) | 1,637,500) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Receivables turnover1 | 9.47 | 9.81 | 10.04 | 9.74 | 9.48 | 9.40 | 9.35 | 10.46 | 10.31 | 10.01 | 10.92 | 11.03 | 11.54 | 11.25 | 12.17 | 12.17 | 11.83 | 11.47 | 12.71 | 11.11 | 10.34 | 10.97 | 12.07 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Receivables Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 182.78 | 175.79 | 165.20 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 8.92 | 8.39 | 9.38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 7.71 | 8.04 | 8.59 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 8.72 | 10.85 | 9.68 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Receivables turnover
= (Net salesQ2 2020
+ Net salesQ1 2020
+ Net salesQ4 2019
+ Net salesQ3 2019)
÷ Receivables
= (4,420,800 + 4,002,500 + 4,161,700 + 4,198,300)
÷ 1,772,700 = 9.47
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | General Mills Inc. receivables turnover ratio deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Payables Turnover
General Mills Inc., payables turnover calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Cost of sales | 2,851,700) | 2,613,000) | 2,700,400) | 2,755,300) | 2,901,500) | 2,751,200) | 2,471,100) | 2,627,000) | 2,755,700) | 2,459,100) | 2,486,900) | 2,485,500) | 2,592,600) | 2,491,000) | 2,551,100) | 2,644,900) | 2,884,300) | 2,653,300) | 2,783,300) | 2,975,000) | 3,093,100) | 2,829,700) | 2,801,400) | 2,864,700) | 3,114,000) | 2,759,700) | ||||||||
| Accounts payable | 3,063,000) | 2,786,700) | 2,854,100) | 2,750,500) | 2,823,900) | 2,723,800) | 2,746,200) | 2,505,700) | 2,467,000) | 2,172,900) | 2,119,800) | 1,855,300) | 1,938,300) | 1,944,800) | 2,046,500) | 1,725,600) | 1,704,100) | 1,759,600) | 1,684,000) | 1,481,300) | 1,656,700) | 1,571,300) | 1,611,300) | 1,360,300) | 1,424,100) | 1,425,500) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Payables turnover1 | 3.57 | 3.94 | 3.89 | 3.96 | 3.81 | 3.89 | 3.76 | 4.12 | 4.13 | 4.61 | 4.74 | 5.45 | 5.30 | 5.44 | 5.24 | 6.35 | 6.63 | 6.54 | 6.94 | 7.90 | 7.00 | 7.39 | 7.16 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Payables Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 27.77 | 27.63 | 21.80 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 5.00 | 5.04 | 4.57 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Payables turnover
= (Cost of salesQ2 2020
+ Cost of salesQ1 2020
+ Cost of salesQ4 2019
+ Cost of salesQ3 2019)
÷ Accounts payable
= (2,851,700 + 2,613,000 + 2,700,400 + 2,755,300)
÷ 3,063,000 = 3.57
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Payables turnover | An activity ratio calculated as cost of goods sold divided by payables. | General Mills Inc. payables turnover ratio increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020. |
Working Capital Turnover
General Mills Inc., working capital turnover calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||||||||
| Current assets | 4,478,900) | 4,261,400) | 4,186,500) | 4,169,800) | 4,233,800) | 4,185,500) | 4,123,700) | 4,277,100) | 4,334,100) | 4,338,500) | 4,061,400) | 4,128,000) | 4,111,500) | 4,193,000) | 3,937,200) | 4,011,300) | 4,047,600) | 4,305,100) | 3,785,700) | 4,464,400) | 4,986,400) | 4,695,500) | 4,393,500) | 4,557,600) | 4,775,800) | 4,693,200) | ||||||||
| Less: Current liabilities | 7,362,300) | 6,903,400) | 7,087,100) | 7,516,600) | 7,298,100) | 7,187,800) | 7,341,900) | 6,209,600) | 5,349,500) | 5,889,900) | 5,330,800) | 5,743,500) | 6,244,400) | 5,215,100) | 5,014,700) | 5,253,700) | 4,969,400) | 5,299,900) | 4,890,100) | 6,702,500) | 6,093,700) | 5,793,100) | 5,423,500) | 4,683,600) | 4,990,100) | 5,462,900) | ||||||||
| Working capital | (2,883,400) | (2,642,000) | (2,900,600) | (3,346,800) | (3,064,300) | (3,002,300) | (3,218,200) | (1,932,500) | (1,015,400) | (1,551,400) | (1,269,400) | (1,615,500) | (2,132,900) | (1,022,100) | (1,077,500) | (1,242,400) | (921,800) | (994,800) | (1,104,400) | (2,238,100) | (1,107,300) | (1,097,600) | (1,030,000) | (126,000) | (214,300) | (769,700) | ||||||||
| Net sales | 4,420,800) | 4,002,500) | 4,161,700) | 4,198,300) | 4,411,200) | 4,094,000) | 3,890,200) | 3,882,300) | 4,198,700) | 3,769,200) | 3,806,600) | 3,793,200) | 4,112,100) | 3,907,900) | 3,927,900) | 4,002,400) | 4,424,900) | 4,207,900) | 4,298,800) | 4,350,900) | 4,712,200) | 4,268,400) | 4,283,800) | 4,377,400) | 4,875,700) | 4,372,700) | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Working capital turnover1 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Working Capital Turnover, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 13.61 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | — | 31.12 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 14.70 | 109.05 | 17.73 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Working capital turnover
= (Net salesQ2 2020
+ Net salesQ1 2020
+ Net salesQ4 2019
+ Net salesQ3 2019)
÷ Working capital
= (4,420,800 + 4,002,500 + 4,161,700 + 4,198,300)
÷ -2,883,400 = —
2 Click competitor name to see calculations.
Average Inventory Processing Period
General Mills Inc., average inventory processing period calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Inventory turnover | 6.35 | 6.45 | 7.12 | 7.04 | 6.56 | 6.29 | 6.28 | 7.11 | 6.72 | 6.28 | 6.78 | 6.93 | 6.74 | 6.83 | 7.59 | 8.12 | 7.76 | 6.41 | 7.58 | 7.38 | 6.12 | 6.37 | 7.40 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average inventory processing period1 | 57 | 57 | 51 | 52 | 56 | 58 | 58 | 51 | 54 | 58 | 54 | 53 | 54 | 53 | 48 | 45 | 47 | 57 | 48 | 49 | 60 | 57 | 49 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Inventory Processing Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 92 | 95 | 118 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 93 | 89 | 84 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 52 | 43 | 40 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 329 | 316 | 321 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 6.35 = 57
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. |
Average Receivable Collection Period
General Mills Inc., average receivable collection period calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Receivables turnover | 9.47 | 9.81 | 10.04 | 9.74 | 9.48 | 9.40 | 9.35 | 10.46 | 10.31 | 10.01 | 10.92 | 11.03 | 11.54 | 11.25 | 12.17 | 12.17 | 11.83 | 11.47 | 12.71 | 11.11 | 10.34 | 10.97 | 12.07 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average receivable collection period1 | 39 | 37 | 36 | 37 | 38 | 39 | 39 | 35 | 35 | 36 | 33 | 33 | 32 | 32 | 30 | 30 | 31 | 32 | 29 | 33 | 35 | 33 | 30 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Receivable Collection Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 2 | 2 | 2 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 41 | 43 | 39 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 47 | 45 | 43 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 42 | 34 | 38 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 9.47 = 39
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnover. | General Mills Inc. number of days of receivables outstanding deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Operating Cycle
General Mills Inc., operating cycle calculation (quarterly data)
No. days
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Average inventory processing period | 57 | 57 | 51 | 52 | 56 | 58 | 58 | 51 | 54 | 58 | 54 | 53 | 54 | 53 | 48 | 45 | 47 | 57 | 48 | 49 | 60 | 57 | 49 | — | — | — | ||||||||
| Average receivable collection period | 39 | 37 | 36 | 37 | 38 | 39 | 39 | 35 | 35 | 36 | 33 | 33 | 32 | 32 | 30 | 30 | 31 | 32 | 29 | 33 | 35 | 33 | 30 | — | — | — | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Operating cycle1 | 96 | 94 | 87 | 89 | 94 | 97 | 97 | 86 | 89 | 94 | 87 | 86 | 86 | 85 | 78 | 75 | 78 | 89 | 77 | 82 | 95 | 90 | 79 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Operating Cycle, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 94 | 97 | 120 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Coca-Cola Co. | 134 | 132 | 123 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| PepsiCo Inc. | 99 | 88 | 83 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 371 | 350 | 359 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 57 + 39 = 96
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | General Mills Inc. operating cycle deteriorated from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020. |
Average Payables Payment Period
General Mills Inc., average payables payment period calculation (quarterly data)
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Payables turnover | 3.57 | 3.94 | 3.89 | 3.96 | 3.81 | 3.89 | 3.76 | 4.12 | 4.13 | 4.61 | 4.74 | 5.45 | 5.30 | 5.44 | 5.24 | 6.35 | 6.63 | 6.54 | 6.94 | 7.90 | 7.00 | 7.39 | 7.16 | — | — | — | ||||||||
| Short-term Activity Ratio (no. days) | ||||||||||||||||||||||||||||||||||
| Average payables payment period1 | 102 | 93 | 94 | 92 | 96 | 94 | 97 | 89 | 88 | 79 | 77 | 67 | 69 | 67 | 70 | 57 | 55 | 56 | 53 | 46 | 52 | 49 | 51 | — | — | — | ||||||||
| Benchmarks (no. days) | ||||||||||||||||||||||||||||||||||
| Average Payables Payment Period, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 13 | 13 | 17 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 73 | 72 | 80 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 3.57 = 102
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Average payables payment period | An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. | General Mills Inc. number of days of payables outstanding decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level. |
Cash Conversion Cycle
General Mills Inc., cash conversion cycle calculation (quarterly data)
No. days
| Nov 24, 2019 | Aug 25, 2019 | May 26, 2019 | Feb 24, 2019 | Nov 25, 2018 | Aug 26, 2018 | May 27, 2018 | Feb 25, 2018 | Nov 26, 2017 | Aug 27, 2017 | May 28, 2017 | Feb 26, 2017 | Nov 27, 2016 | Aug 28, 2016 | May 29, 2016 | Feb 28, 2016 | Nov 29, 2015 | Aug 30, 2015 | May 31, 2015 | Feb 22, 2015 | Nov 23, 2014 | Aug 24, 2014 | May 25, 2014 | Feb 23, 2014 | Nov 24, 2013 | Aug 25, 2013 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | ||||||||||||||||||||||||||||||||||
| Average inventory processing period | 57 | 57 | 51 | 52 | 56 | 58 | 58 | 51 | 54 | 58 | 54 | 53 | 54 | 53 | 48 | 45 | 47 | 57 | 48 | 49 | 60 | 57 | 49 | — | — | — | ||||||||
| Average receivable collection period | 39 | 37 | 36 | 37 | 38 | 39 | 39 | 35 | 35 | 36 | 33 | 33 | 32 | 32 | 30 | 30 | 31 | 32 | 29 | 33 | 35 | 33 | 30 | — | — | — | ||||||||
| Average payables payment period | 102 | 93 | 94 | 92 | 96 | 94 | 97 | 89 | 88 | 79 | 77 | 67 | 69 | 67 | 70 | 57 | 55 | 56 | 53 | 46 | 52 | 49 | 51 | — | — | — | ||||||||
| Short-term Activity Ratio | ||||||||||||||||||||||||||||||||||
| Cash conversion cycle1 | -6 | 1 | -7 | -3 | -2 | 3 | 0 | -3 | 1 | 15 | 10 | 19 | 17 | 18 | 8 | 18 | 23 | 33 | 24 | 36 | 43 | 41 | 28 | — | — | — | ||||||||
| Benchmarks | ||||||||||||||||||||||||||||||||||
| Cash Conversion Cycle, Competitors2 | ||||||||||||||||||||||||||||||||||
| Altria Group Inc. | 81 | 84 | 103 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
| Philip Morris International Inc. | 298 | 278 | 279 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||
Based on: 10-Q (reporting date: 2019-11-24), 10-Q (reporting date: 2019-08-25), 10-K (reporting date: 2019-05-26), 10-Q (reporting date: 2019-02-24), 10-Q (reporting date: 2018-11-25), 10-Q (reporting date: 2018-08-26), 10-K (reporting date: 2018-05-27), 10-Q (reporting date: 2018-02-25), 10-Q (reporting date: 2017-11-26), 10-Q (reporting date: 2017-08-27), 10-K (reporting date: 2017-05-28), 10-Q (reporting date: 2017-02-26), 10-Q (reporting date: 2016-11-27), 10-Q (reporting date: 2016-08-28), 10-K (reporting date: 2016-05-29), 10-Q (reporting date: 2016-02-28), 10-Q (reporting date: 2015-11-29), 10-Q (reporting date: 2015-08-30), 10-K (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-22), 10-Q (reporting date: 2014-11-23), 10-Q (reporting date: 2014-08-24), 10-K (reporting date: 2014-05-25), 10-Q (reporting date: 2014-02-23), 10-Q (reporting date: 2013-11-24), 10-Q (reporting date: 2013-08-25).
1 Q2 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 57 + 39 – 102 = -6
2 Click competitor name to see calculations.
| Short-term activity ratio | Description | The company |
|---|---|---|
| Cash conversion cycle | A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. | General Mills Inc. cash conversion cycle deteriorated from Q4 2019 to Q1 2020 but then improved from Q1 2020 to Q2 2020 not reaching Q4 2019 level. |