Darden Restaurants Inc (DRI)

Total asset 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
Revenue (ttm)	US$ in thousands	11,762,300	11,563,100	11,647,900	11,865,700	11,635,700	11,404,200	11,160,000	10,915,700	10,957,400	10,964,200	11,019,800	11,074,400	10,791,900	10,555,100	10,215,000	9,874,900	9,991,300	10,047,900	10,050,700	10,057,200
Total assets	US$ in thousands	12,560,900	12,519,200	11,355,500	12,965,600	11,323,000	11,358,200	11,358,200	11,322,100	11,322,100	11,269,200	11,269,200	10,241,500	10,241,500	10,075,400	10,075,400	10,025,300	10,025,300	10,014,500	10,014,500	11,673,200
Total asset turnover		0.94	0.92	1.03	0.92	1.03	1.00	0.98	0.96	0.97	0.97	0.98	1.08	1.05	1.05	1.01	0.98	1.00	1.00	1.00	0.86

February 28, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,762,300K ÷ $12,560,900K
= 0.94

The total asset turnover of Darden Restaurants Inc has shown some fluctuations over the period indicated in the data provided.

The total asset turnover ratio measures the efficiency with which the company generates sales revenue from its total assets. A higher ratio indicates better efficiency in utilizing assets to generate revenue.

From May 31, 2022, to May 31, 2023, the total asset turnover ratio steadily increased from 0.86 to 1.08, indicating an improvement in the company's ability to generate sales from its assets. However, this ratio dropped in the following periods, reaching 0.92 by November 30, 2024.

The fluctuations in the total asset turnover ratio suggest changes in the company's efficiency in generating sales revenue relative to its asset base. It would be important to further investigate the reasons behind these fluctuations to assess the overall operational performance and asset utilization of Darden Restaurants Inc.