General Total Other Income Expense Net vs Income Tax Expense Analysis

GIS Stock

USD 71.40 1.57 2.25%

General Mills financial indicator trend analysis is much more than just examining General Mills latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether General Mills is a good investment. Please check the relationship between General Mills Total Other Income Expense Net and its Income Tax Expense accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

Total Other Income Expense Net vs Income Tax Expense

Total Other Income Expense Net vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of General Mills Total Other Income Expense Net account and Income Tax Expense. At this time, the significance of the direction appears to have almost no relationship.

The correlation between General Mills' Total Other Income Expense Net and Income Tax Expense is 0.14. Overlapping area represents the amount of variation of Total Other Income Expense Net that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of General Mills, assuming nothing else is changed. The correlation between historical values of General Mills' Total Other Income Expense Net and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Other Income Expense Net of General Mills are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Total Other Income Expense Net i.e., General Mills' Total Other Income Expense Net and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Total Other Income Expense Net

Income Tax Expense

Most indicators from General Mills' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into General Mills current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.At this time, General Mills' Sales General And Administrative To Revenue is comparatively stable compared to the past year. Enterprise Value is likely to gain to about 11 B in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.

	2021	2022	2023	2024 (projected)
Interest Expense	383.4M	396.1M	455.5M	478.3M
Depreciation And Amortization	129.1M	546.6M	628.6M	403.2M

Interest Expense Depreciation And Amortization

General Mills fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue
Total Assets		0.93	0.23	0.98	0.9	0.6	0.92	0.96	0.89	0.37	1.0	0.26	0.37	0.67	-0.8	-0.89	0.95	0.88	0.79	-0.8	0.98	0.67	0.94	0.66	-0.79	0.86
Short Long Term Debt Total	0.93		0.29	0.92	0.7	0.62	0.99	0.83	0.77	0.34	0.95	0.0	0.34	0.69	-0.75	-0.85	0.98	0.69	0.64	-0.8	0.98	0.47	0.79	0.8	-0.74	0.85
Other Current Liab	0.23	0.29		0.21	0.03	0.47	0.26	0.17	0.09	0.41	0.22	0.0	0.41	0.29	-0.32	-0.3	0.32	0.16	0.15	-0.27	0.29	0.24	0.26	0.27	-0.32	0.08
Total Current Liabilities	0.98	0.92	0.21		0.89	0.51	0.9	0.95	0.93	0.41	0.98	0.29	0.41	0.63	-0.71	-0.86	0.91	0.85	0.87	-0.82	0.96	0.64	0.94	0.68	-0.7	0.86
Total Stockholder Equity	0.9	0.7	0.03	0.89		0.35	0.69	0.94	0.92	0.28	0.88	0.57	0.28	0.5	-0.6	-0.73	0.73	0.93	0.86	-0.62	0.8	0.79	0.93	0.38	-0.6	0.74
Property Plant And Equipment Net	0.6	0.62	0.47	0.51	0.35		0.61	0.46	0.26	0.36	0.6	-0.17	0.36	0.87	-0.89	-0.56	0.68	0.43	0.25	-0.55	0.63	0.18	0.53	0.67	-0.89	0.39
Net Debt	0.92	0.99	0.26	0.9	0.69	0.61		0.82	0.76	0.24	0.94	-0.05	0.24	0.68	-0.73	-0.85	0.98	0.7	0.63	-0.8	0.97	0.49	0.75	0.78	-0.72	0.84
Retained Earnings	0.96	0.83	0.17	0.95	0.94	0.46	0.82		0.96	0.28	0.95	0.35	0.28	0.56	-0.71	-0.91	0.86	0.94	0.88	-0.84	0.91	0.8	0.95	0.45	-0.7	0.87
Accounts Payable	0.89	0.77	0.09	0.93	0.92	0.26	0.76	0.96		0.26	0.89	0.41	0.26	0.45	-0.5	-0.83	0.78	0.89	0.91	-0.79	0.85	0.79	0.88	0.4	-0.5	0.87
Cash	0.37	0.34	0.41	0.41	0.28	0.36	0.24	0.28	0.26		0.35	0.35	1.0	0.42	-0.39	-0.18	0.33	0.09	0.23	-0.25	0.37	-0.05	0.51	0.5	-0.39	0.27
Non Current Assets Total	1.0	0.95	0.22	0.98	0.88	0.6	0.94	0.95	0.89	0.35		0.23	0.35	0.68	-0.79	-0.89	0.96	0.86	0.78	-0.8	0.99	0.66	0.93	0.67	-0.79	0.86
Non Currrent Assets Other	0.26	0.0	0.0	0.29	0.57	-0.17	-0.05	0.35	0.41	0.35	0.23		0.35	-0.01	0.0	-0.04	0.02	0.42	0.43	0.03	0.12	0.47	0.47	-0.14	0.0	0.13
Cash And Short Term Investments	0.37	0.34	0.41	0.41	0.28	0.36	0.24	0.28	0.26	1.0	0.35	0.35		0.42	-0.39	-0.18	0.33	0.09	0.23	-0.25	0.37	-0.05	0.51	0.5	-0.39	0.27
Net Receivables	0.67	0.69	0.29	0.63	0.5	0.87	0.68	0.56	0.45	0.42	0.68	-0.01	0.42		-0.74	-0.53	0.7	0.45	0.39	-0.61	0.69	0.2	0.59	0.76	-0.74	0.55
Common Stock Total Equity	-0.8	-0.75	-0.32	-0.71	-0.6	-0.89	-0.73	-0.71	-0.5	-0.39	-0.79	0.0	-0.39	-0.74		0.75	-0.82	-0.66	-0.46	0.68	-0.8	-0.38	-0.77	-0.62	1.0	-0.61
Common Stock Shares Outstanding	-0.89	-0.85	-0.3	-0.86	-0.73	-0.56	-0.85	-0.91	-0.83	-0.18	-0.89	-0.04	-0.18	-0.53	0.75		-0.9	-0.85	-0.73	0.88	-0.9	-0.72	-0.82	-0.45	0.75	-0.86
Non Current Liabilities Total	0.95	0.98	0.32	0.91	0.73	0.68	0.98	0.86	0.78	0.33	0.96	0.02	0.33	0.7	-0.82	-0.9		0.75	0.64	-0.82	0.99	0.55	0.83	0.73	-0.82	0.87
Inventory	0.88	0.69	0.16	0.85	0.93	0.43	0.7	0.94	0.89	0.09	0.86	0.42	0.09	0.45	-0.66	-0.85	0.75		0.84	-0.7	0.8	0.9	0.9	0.29	-0.65	0.73
Other Current Assets	0.79	0.64	0.15	0.87	0.86	0.25	0.63	0.88	0.91	0.23	0.78	0.43	0.23	0.39	-0.46	-0.73	0.64	0.84		-0.73	0.73	0.69	0.85	0.39	-0.46	0.69
Other Stockholder Equity	-0.8	-0.8	-0.27	-0.82	-0.62	-0.55	-0.8	-0.84	-0.79	-0.25	-0.8	0.03	-0.25	-0.61	0.68	0.88	-0.82	-0.7	-0.73		-0.83	-0.55	-0.73	-0.54	0.68	-0.83
Total Liab	0.98	0.98	0.29	0.96	0.8	0.63	0.97	0.91	0.85	0.37	0.99	0.12	0.37	0.69	-0.8	-0.9	0.99	0.8	0.73	-0.83		0.59	0.88	0.72	-0.8	0.88
Property Plant And Equipment Gross	0.67	0.47	0.24	0.64	0.79	0.18	0.49	0.8	0.79	-0.05	0.66	0.47	-0.05	0.2	-0.38	-0.72	0.55	0.9	0.69	-0.55	0.59		0.7	-0.04	-0.38	0.58
Total Current Assets	0.94	0.79	0.26	0.94	0.93	0.53	0.75	0.95	0.88	0.51	0.93	0.47	0.51	0.59	-0.77	-0.82	0.83	0.9	0.85	-0.73	0.88	0.7		0.53	-0.76	0.77
Short Term Debt	0.66	0.8	0.27	0.68	0.38	0.67	0.78	0.45	0.4	0.5	0.67	-0.14	0.5	0.76	-0.62	-0.45	0.73	0.29	0.39	-0.54	0.72	-0.04	0.53		-0.62	0.47
Common Stock	-0.79	-0.74	-0.32	-0.7	-0.6	-0.89	-0.72	-0.7	-0.5	-0.39	-0.79	0.0	-0.39	-0.74	1.0	0.75	-0.82	-0.65	-0.46	0.68	-0.8	-0.38	-0.76	-0.62		-0.6
Current Deferred Revenue	0.86	0.85	0.08	0.86	0.74	0.39	0.84	0.87	0.87	0.27	0.86	0.13	0.27	0.55	-0.61	-0.86	0.87	0.73	0.69	-0.83	0.88	0.58	0.77	0.47	-0.6

Click cells to compare fundamentals

General Mills Account Relationship Matchups

General Mills fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	30.8B	31.8B	31.1B	31.5B	36.2B	38.0B
Short Long Term Debt Total	13.5B	12.6B	11.6B	11.7B	13.5B	14.1B
Other Current Liab	1.6B	1.8B	(666.3M)	1.6B	1.8B	971.6M
Total Current Liabilities	7.5B	8.3B	8.0B	7.5B	8.7B	9.1B
Total Stockholder Equity	8.1B	9.5B	10.5B	10.4B	12.0B	12.6B
Property Plant And Equipment Net	3.6B	3.6B	3.4B	3.6B	4.2B	2.9B
Net Debt	11.9B	11.1B	11.1B	11.1B	12.8B	13.4B
Retained Earnings	16.0B	17.1B	18.5B	19.8B	22.8B	24.0B
Accounts Payable	3.2B	3.7B	4.0B	4.2B	4.8B	5.1B
Cash	1.7B	1.5B	569.4M	585.5M	673.3M	459.7M
Non Current Assets Total	25.7B	26.1B	26.0B	26.3B	30.2B	31.7B
Non Currrent Assets Other	1.1B	1.3B	316M	1.2B	1.0B	1.1B
Cash And Short Term Investments	1.7B	1.5B	569.4M	585.5M	673.3M	460.1M
Net Receivables	1.6B	1.6B	1.7B	1.7B	1.9B	980.3M
Common Stock Shares Outstanding	613.3M	619.1M	612.6M	601.2M	541.1M	531.7M
Liabilities And Stockholders Equity	30.8B	31.8B	31.1B	31.5B	36.2B	38.0B
Non Current Liabilities Total	14.4B	13.2B	12.3B	13.2B	15.2B	16.0B
Inventory	1.4B	1.8B	1.9B	2.2B	2.5B	2.6B
Other Current Assets	402.1M	790.3M	802.1M	735.7M	846.1M	888.4M
Other Stockholder Equity	(5.1B)	(5.2B)	(6.1B)	(7.2B)	(6.5B)	(6.1B)
Total Liab	21.9B	21.5B	20.3B	20.8B	23.9B	25.1B
Property Plant And Equipment Gross	3.9B	4.0B	3.4B	10.9B	12.5B	13.2B
Total Current Assets	5.1B	5.8B	5.1B	5.2B	6.0B	6.3B
Accumulated Other Comprehensive Income	(2.9B)	(2.4B)	(2.0B)	(2.3B)	(2.0B)	(1.9B)
Short Term Debt	2.6B	2.8B	2.5B	1.7B	2.0B	1.5B
Intangible Assets	7.1B	7.2B	7.0B	7.0B	8.0B	4.6B
Good Will	13.9B	14.1B	14.4B	14.5B	16.7B	17.5B
Short Term Investments	5M	360M	249.8M	117.2M	134.8M	141.5M
Other Liab	3.2B	3.1B	3.1B	3.3B	3.7B	2.3B
Other Assets	153.9M	322.6M	1.2B	358.3M	322.5M	583.5M
Long Term Debt	10.9B	9.8B	9.1B	10.0B	11.5B	7.3B
Treasury Stock	(6.8B)	(6.4B)	(6.6B)	(8.4B)	(7.6B)	(7.9B)
Property Plant Equipment	3.6B	4.0B	3.4B	3.6B	4.2B	3.6B
Net Tangible Assets	(12.4B)	(11.7B)	(10.8B)	(11.0B)	(9.9B)	(10.4B)
Noncontrolling Interest In Consolidated Entity	313.2M	291M	302.8M	250.4M	288.0M	343.8M
Retained Earnings Total Equity	15.0B	16.0B	17.1B	19.8B	22.8B	13.5B
Long Term Debt Total	10.9B	9.8B	9.1B	10.0B	11.5B	9.3B

Pair Trading with General Mills

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if General Mills position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in General Mills will appreciate offsetting losses from the drop in the long position's value.

Moving together with General Stock

0.72	PM	Philip Morris Intern	Pair Corr
0.66	CCU	Compania Cervecerias	Pair Corr

Moving against General Stock

0.88	ISPR	Ispire Technology Common Upward Rally	Pair Corr
0.85	HPCO	Hempacco	Pair Corr
0.84	PAVS	Paranovus Entertainment	Pair Corr
0.81	ABEV	Ambev SA ADR Aggressive Push	Pair Corr
0.69	SAM	Boston Beer	Pair Corr

The ability to find closely correlated positions to General Mills could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Mills when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back General Mills - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling General Mills to buy it.

The correlation of General Mills is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Mills moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Mills moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for General Mills can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether General Mills is a strong investment it is important to analyze General Mills' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact General Mills' future performance. For an informed investment choice regarding General Stock, refer to the following important reports:

How To Invest In General

Details

Is General Stock a good investment?

Details

What is General Mills' Net Worth?

Details

Largest Packaged Foods & Meats Companies

View

Largest Food, Beverage & Tobacco Companies

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Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Mills. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.

For more information on how to buy General Stock please use our How to Invest in General Mills guide.

You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Complementary Tools for General Stock analysis

When running General Mills' price analysis, check to measure General Mills' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy General Mills is operating at the current time. Most of General Mills' value examination focuses on studying past and present price action to predict the probability of General Mills' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move General Mills' price. Additionally, you may evaluate how the addition of General Mills to your portfolios can decrease your overall portfolio volatility.

	Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities
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Is General Mills' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of General Mills. If investors know General will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about General Mills listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.272

Dividend Share

2.31

Earnings Share

4.36

Revenue Per Share

34.686

Quarterly Revenue Growth

(0.01)

The market value of General Mills is measured differently than its book value, which is the value of General that is recorded on the company's balance sheet. Investors also form their own opinion of General Mills' value that differs from its market value or its book value, called intrinsic value, which is General Mills' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because General Mills' market value can be influenced by many factors that don't directly affect General Mills' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between General Mills' value and its price as these two are different measures arrived at by different means. Investors typically determine if General Mills is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, General Mills' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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General Total Other Income Expense Net vs Income Tax Expense Analysis

Total Other Income Expense Net vs Income Tax Expense

Total Other Income Expense Net vs Income Tax Expense Correlation Analysis

Correlation Coefficient

Total Other Income Expense Net

Income Tax Expense

General Mills fundamental ratios Correlations

General Mills Account Relationship Matchups

High Positive Relationship

High Negative Relationship

General Mills fundamental ratios Accounts

Pair Trading with General Mills

Moving together with General Stock

Moving against General Stock

Complementary Tools for General Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Non Current Assets Total	+ 1.0	Total Assets
Cash And Short Term Investments	+ 1.0	Cash
Common Stock	+ 1.0	Common Stock Total Equity
Net Debt	+ 0.99	Short Long Term Debt Total
Total Liab	+ 0.99	Non Current Assets Total
Total Liab	+ 0.99	Non Current Liabilities Total

Common Stock Shares Outstanding	- 0.91	Retained Earnings
Total Liab	- 0.9	Common Stock Shares Outstanding
Non Current Liabilities Total	- 0.9	Common Stock Shares Outstanding
Common Stock Shares Outstanding	- 0.89	Non Current Assets Total
Common Stock	- 0.89	Property Plant And Equipment Net
Common Stock Total Equity	- 0.89	Property Plant And Equipment Net