Darden Restaurants Inc (DRI)

Payables 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
Cost of revenue (ttm)	US$ in thousands	7,844,100	8,004,800	8,174,600	7,057,400	6,815,500	6,733,800	6,459,600	6,450,100	6,439,500	6,447,900	6,476,500	6,419,900	6,297,200	6,186,200	6,073,000	5,974,500	6,088,100	6,128,200	5,987,000	5,983,600
Payables	US$ in thousands	—	—	—	—	399,500	—	406,000	—	423,900	—	419,600	—	426,200	—	423,800	—	435,300	—	406,900	—
Payables turnover		—	—	—	—	17.06	—	15.91	—	15.19	—	15.43	—	14.78	—	14.33	—	13.99	—	14.71	—

February 28, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,844,100K ÷ $—K
= —

The payables turnover ratio of Darden Restaurants Inc fluctuated over the periods provided, indicating the company's ability to manage its accounts payable effectively.

The payables turnover ratio for Darden Restaurants Inc ranged from 13.99 to 17.06 times during the period from November 2022 to May 2024. A higher payables turnover ratio suggests that the company is paying off its suppliers more frequently, which may indicate strong liquidity and efficient management of working capital.

However, there are instances where the payables turnover ratio was not available, possibly due to missing or incomplete data for those periods. It is important to consider the reasons behind these missing values when analyzing the overall trend of the payables turnover ratio for Darden Restaurants Inc.

Overall, the payables turnover ratio provides valuable insights into the company's efficiency in managing its accounts payable and should be analyzed in conjunction with other financial ratios and performance indicators to get a comprehensive view of Darden Restaurants Inc's financial health.