Darden Restaurants Inc (DRI)

Fixed asset turnover

May 31, 2024 May 26, 2024 May 31, 2023 May 28, 2023 May 31, 2022
Revenue US$ in thousands 11,390,000 11,391,500 10,487,800 10,461,500 9,630,000
Property, plant and equipment US$ in thousands 6,691,900 7,099,000 6,084,700 6,821,100
Fixed asset turnover 1.70 1.48 1.72 1.41

May 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $11,390,000K ÷ $—K
= —

The fixed asset turnover ratio measures how efficiently a company generates revenue from its fixed assets. A higher ratio indicates that the company is utilizing its fixed assets effectively to generate sales. Darden Restaurants Inc's fixed asset turnover has shown some fluctuation over the past few years.

As of May 31, 2022, the fixed asset turnover was 1.41, indicating that for every dollar invested in fixed assets, the company generated $1.41 in sales. This ratio increased to 1.72 by May 28, 2023, suggesting an improvement in the utilization of fixed assets to generate revenue. However, the ratio decreased to 1.48 by May 31, 2023 before increasing again to 1.70 by May 26, 2024.

The lack of a specific value for May 31, 2024, makes it difficult to analyze the most recent performance. Overall, the trend in fixed asset turnover for Darden Restaurants Inc shows some variation, but the company seems to be effectively leveraging its fixed assets to drive revenue generation.