Darden Restaurants Inc (DRI)

Days of inventory on hand (DOH)

May 31, 2024 May 26, 2024 May 31, 2023 May 28, 2023 May 31, 2022
Inventory turnover 30.91 14.77 29.19 13.53 28.22
DOH days 11.81 24.71 12.50 26.98 12.94

May 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 30.91
= 11.81

Based on the data provided for Darden Restaurants Inc, the days of inventory on hand (DOH) metric fluctuated over the period under review.

On May 31, 2022, the company had inventory on hand that would last for approximately 12.94 days. This indicates that Darden Restaurants managed to sell through its inventory in just under 13 days.

By May 28, 2023, the days of inventory on hand had increased to 26.98 days, suggesting that Darden Restaurants held more inventory relative to its sales during that period.

However, by May 31, 2023, the DOH metric decreased to 12.50 days, indicating a more efficient management of inventory compared to the previous period.

On May 26, 2024, the days of inventory on hand rose again to 24.71 days, reflecting a higher level of inventory on hand relative to sales.

Finally, as of May 31, 2024, the DOH metric decreased to 11.81 days, which suggests that Darden Restaurants improved its inventory management efficiency by reducing the number of days it takes to sell its inventory.

Overall, the trend in Darden Restaurants' DOH metric indicates variability in inventory management effectiveness over the period, with both increases and decreases in the number of days of inventory on hand relative to sales.