Darden Restaurants Inc (DRI)
Number of days of payables
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.74 | 10.39 | 9.79 | 9.65 | 9.14 | 9.02 | 8.55 | 8.97 | 9.84 | 9.92 | 9.06 | 9.25 | 9.32 | 10.04 | 11.33 | 11.57 | 12.21 | 9.89 | 10.32 | 10.11 | |
| Number of days of payables | days | 33.98 | 35.13 | 37.26 | 37.82 | 39.95 | 40.46 | 42.69 | 40.69 | 37.10 | 36.80 | 40.28 | 39.46 | 39.14 | 36.36 | 32.22 | 31.55 | 29.88 | 36.91 | 35.38 | 36.11 |
May 26, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.74
= 33.98
The number of days of payables for Darden Restaurants Inc has shown some fluctuations over the past few periods. On average, the company takes around 36 days to pay its payables. This indicates that Darden Restaurants typically takes over a month to settle its outstanding obligations to suppliers and creditors.
The trend in the number of days of payables has been relatively stable, with some slight variations observed. It is important for investors and analysts to monitor this metric to assess the company's ability to manage its cash flow effectively and maintain relationships with its suppliers. Additionally, a longer number of days of payables may signal that the company is efficiently using its cash resources or potentially facing liquidity challenges.
Peer comparison
May 26, 2024