Darden Restaurants Inc (DRI)
Fixed asset turnover
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,762,300 | 11,563,100 | 11,647,900 | 11,865,700 | 11,635,700 | 11,404,200 | 11,160,000 | 10,915,700 | 10,957,400 | 10,964,200 | 11,019,800 | 11,074,400 | 10,791,900 | 10,555,100 | 10,215,000 | 9,874,900 | 9,991,300 | 10,047,900 | 10,050,700 | 10,057,200 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | 6,691,900 | — | 3,048,400 | 7,583,200 | 3,016,400 | 7,592,000 | 2,985,200 | 7,099,000 | 6,084,700 | 7,046,600 | 2,715,000 | 6,993,500 | 2,665,400 | 6,938,600 | 2,587,000 | 6,821,100 |
| Fixed asset turnover | — | — | — | — | 1.74 | — | 3.66 | 1.44 | 3.63 | 1.44 | 3.69 | 1.56 | 1.77 | 1.50 | 3.76 | 1.41 | 3.75 | 1.45 | 3.89 | 1.47 |
February 28, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $11,762,300K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. It is calculated by dividing net sales by average fixed assets.
Analyzing the fixed asset turnover of Darden Restaurants Inc over the provided periods, we can observe fluctuations in the ratio. For example, in May 2022, the fixed asset turnover was 1.47, indicating that for every dollar invested in fixed assets, the company generated $1.47 in sales. This ratio increased significantly to 3.89 in August 2022, suggesting a more efficient utilization of fixed assets during that period.
However, the ratio decreased to 1.45 in August 2022 before showing an upward trend again in subsequent periods. Notably, the company achieved a fixed asset turnover of 3.76 in February 2023, which decreased to 1.50 in the following period.
The trend continued with fluctuations in the fixed asset turnover ratio in the subsequent periods provided. As of February 28, 2025, the fixed asset turnover data is not available, indicating a gap in the analysis.
It is important for stakeholders to closely monitor the fixed asset turnover of Darden Restaurants Inc to assess the company's efficiency in generating sales from its fixed assets and to identify any potential operational improvements that could enhance overall performance.
Peer comparison
Feb 28, 2025