Darden Restaurants Inc (DRI)
Number of days of payables
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.74 | 9.14 | 9.84 | 9.17 | 13.49 | |
| Number of days of payables | days | 33.98 | 39.95 | 37.08 | 39.79 | 27.06 |
May 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.74
= 33.98
Darden Restaurants Inc's number of days of payables has shown some fluctuations over the past five years. In the most recent fiscal year ending on May 26, 2024, the company's days of payables was 33.98 days, reflecting a decrease compared to the preceding year. This indicates that Darden Restaurants took approximately 34 days, on average, to pay off its suppliers and vendors.
Looking at the trend over the past five years, there has been variability in the number of days of payables, ranging from a low of 27.06 days in May 31, 2020, to a high of 39.95 days in May 28, 2023. These fluctuations may suggest changes in Darden Restaurants' payment policies, supplier relationships, or operating efficiency.
Overall, analyzing the number of days of payables can provide insights into the company's cash flow management and its ability to effectively manage its working capital. A lower number of days of payables may indicate efficient payment practices, while a higher number could signal potential cash flow challenges or strained supplier relationships.
Peer comparison
May 26, 2024