Darden Restaurants Inc (DRI)
Total asset 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 |
| Total assets | US$ in thousands | 11,323,000 | 11,323,000 | 10,241,500 | 10,241,500 | 10,135,800 |
| Total asset turnover | 1.01 | 1.01 | 1.02 | 1.02 | 0.95 |
May 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,390,000K ÷ $11,323,000K
= 1.01
Total asset turnover measures a company's efficiency in utilizing its total assets to generate revenue. Darden Restaurants Inc's total asset turnover has shown a stable trend over the years, with values of 0.95 for May 31, 2022, and consistently improving to 1.02 for the subsequent years up to May 31, 2024. This indicates that the company is effectively generating revenue relative to its total assets, with the ratio hovering around 1. This improvement suggests that Darden Restaurants is becoming more efficient in utilizing its assets to drive revenue, which could result in enhanced profitability and financial performance.
Peer comparison
May 31, 2024