How do you interpret north america retail — other asset impairment charges?

An increase signals potential operational issues or a decline in the long-term value of segment assets.

How does north america retail — other asset impairment charges compare across companies?

Reported by most manufacturing and retail firms as part of periodic asset valuation reviews.

General Mills GIS North America Retail — Other Asset Impairment Charges

Discontinued — last reported Q2 '19

Similar metrics at other companies

RLNorth America Segment — Asset Impairment Charges

$0-100%

RLNorth America — Goodwill Impairment

$0—

CSGPNorth America — Impairment loss

$2.25M0.0%

SWNorth America — Impairment of property, plant and equipment

$2M-91.3%

SWNorth America — Property, plant, and equipment impairment

$5.75M—

MODAmericas — Asset Impairment Charges

$300K—

Other financials

Income statement

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Revenue$4.4B-8.4%

Gross profit$1.4B-16.6%

Operating income$524.6M-41.1%

Net income$303.1M-51.6%

EPS (diluted)$0.56-50.0%

Balance sheet

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Cash & equivalents$785.5M+50.7%

Total debt$11.8B-3.4%

Total equity$9.3B+0.9%

Total assets$32.4B-0.9%

Cash flow

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Operating cash flow$397.9M-25.2%

CapEx$102.4M-1.4%

Free cash flow$295.5M-31.0%

Valuation

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Market cap$17.84B-27.8%

Enterprise value$28.88B-22.1%

P/E8.1×-1.6×

P/S1×-0.3×

Profitability

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Gross margin33%-2.3pp

Operating margin19%+0.7pp

Net margin12.1%-1.0pp

Returns & leverage

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Return on equity23.8%-3.6pp

Debt / equity1.3×-0.1×

Current ratio0.6×-0.1×

Where this comes from

Reported directly by General Mills in its filing.

Tagged under the XBRL concept us-gaap:OtherAssetImpairmentCharges.

The official record: General Mills’s 10-Q, filed March 18, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does north america retail — other asset impairment charges mean?: The total value of non-goodwill assets written down due to loss of value or obsolescence.
How do you interpret north america retail — other asset impairment charges?: An increase signals potential operational issues or a decline in the long-term value of segment assets.
How does north america retail — other asset impairment charges compare across companies?: Reported by most manufacturing and retail firms as part of periodic asset valuation reviews.