General Income Tax Expense from 2010 to 2024

GIS Stock  USD 71.61  0.79  1.12%   
General Mills Income Tax Expense yearly trend continues to be comparatively stable with very little volatility. Income Tax Expense will likely drop to about 435.3 M in 2024. From the period from 2010 to 2024, General Mills Income Tax Expense quarterly data regression had r-value of (0.04) and coefficient of variation of  40.50. View All Fundamentals
 
Income Tax Expense  
First Reported
1989-05-31
Previous Quarter
136 M
Current Value
149.3 M
Quarterly Volatility
75 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check General Mills financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among General main balance sheet or income statement drivers, such as Depreciation And Amortization of 403.2 M, Interest Expense of 478.3 M or Selling General Administrative of 2.8 B, as well as many exotic indicators such as Price To Sales Ratio of 1.22, Dividend Yield of 0.0326 or PTB Ratio of 4.56. General financial statements analysis is a perfect complement when working with General Mills Valuation or Volatility modules.
  
This module can also supplement General Mills' financial leverage analysis and stock options assessment as well as various General Mills Technical models . Check out the analysis of General Mills Correlation against competitors.
For more information on how to buy General Stock please use our How to Invest in General Mills guide.

Latest General Mills' Income Tax Expense Growth Pattern

Below is the plot of the Income Tax Expense of General Mills over the last few years. It is General Mills' Income Tax Expense historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in General Mills' overall financial position and show how it may be relating to other accounts over time.
Income Tax Expense10 Years Trend
Very volatile
   Income Tax Expense   
       Timeline  

General Income Tax Expense Regression Statistics

Arithmetic Mean557,190,700
Geometric Mean475,927,124
Coefficient Of Variation40.50
Mean Deviation172,136,400
Median612,200,000
Standard Deviation225,639,610
Sample Variance50913.2T
Range826M
R-Value(0.04)
Mean Square Error54728.4T
R-Squared0
Significance0.88
Slope(2,167,880)
Total Sum of Squares712785.3T

General Income Tax Expense History

2024435.3 M
2023704 M
2022612.2 M
2021586.3 M
2020629.1 M
2019480.5 M
2018367.8 M

About General Mills Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include General Mills income statement, its balance sheet, and the statement of cash flows. General Mills investors use historical funamental indicators, such as General Mills's Income Tax Expense, to determine how well the company is positioned to perform in the future. Although General Mills investors may use each financial statement separately, they are all related. The changes in General Mills's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on General Mills's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on General Mills Financial Statements. Understanding these patterns can help to make the right decision on long term investment in General Mills. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Income Tax Expense704 M435.3 M

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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:
Check out the analysis of General Mills Correlation against competitors.
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 Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.
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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.