Darden Restaurants Inc (DRI)
Receivables 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 |
| Receivables | US$ in thousands | — | 79,100 | — | 80,200 | — |
| Receivables turnover | — | 144.01 | — | 130.44 | — |
May 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $11,390,000K ÷ $—K
= —
The receivables turnover ratio measures how effectively Darden Restaurants Inc is managing its accounts receivable. The formula is net credit sales divided by average accounts receivable. In May 28, 2023, the receivables turnover ratio was 130.44, indicating that Darden collected its receivables approximately 130.44 times during that period. This signifies a very efficient collection of accounts receivable. However, as the ratio was not provided for other periods, we cannot make a year-on-year comparison. In May 26, 2024, the ratio increased further to 144.01, demonstrating an even more efficient collection process. This improvement suggests that Darden is managing its receivables effectively and converting them into cash at a faster rate.
Peer comparison
May 31, 2024