Darden Restaurants Inc (DRI)

Total asset turnover

		May 26, 2024	May 28, 2023	May 29, 2022	May 30, 2021	May 31, 2020
Revenue	US$ in thousands	11,391,500	10,461,500	9,585,300	7,181,100	7,748,300
Total assets	US$ in thousands	11,323,000	10,241,500	10,135,800	10,656,100	9,946,100
Total asset turnover		1.01	1.02	0.95	0.67	0.78

May 26, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $11,391,500K ÷ $11,323,000K
= 1.01

The total asset turnover ratio for Darden Restaurants Inc has fluctuated over the past five years. In 2024, the total asset turnover was 1.01, indicating that the company generated $1.01 in revenue for every $1 of assets it had. This was a slight decrease from the previous year where the ratio was at 1.02.

Looking further back, in 2022 the total asset turnover was 0.95, showing a decrease in efficiency compared to 2023. The ratio then significantly dropped to 0.67 in 2021, indicating a decrease in the company's ability to generate revenue from its assets efficiently. However, there was a slight improvement in 2020 with a total asset turnover of 0.78.

Overall, the trend in total asset turnover indicates some variability in how effectively Darden Restaurants Inc is utilizing its assets to generate revenue. It would be important to further analyze the underlying reasons for these fluctuations to understand the company's operational performance and efficiency.