Darden Restaurants Inc (DRI)
Total asset turnover
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 11,391,400 | 11,166,700 | 10,977,000 | 10,747,000 | 10,461,500 | 10,281,300 | 9,947,700 | 9,719,100 | 9,585,300 | 9,266,800 | 8,561,900 | 7,960,300 | 7,181,100 | 6,215,800 | 6,813,900 | 7,198,000 | 7,797,500 | 8,756,500 | 8,659,800 | 8,582,100 |
| Total assets | US$ in thousands | 11,323,000 | 11,358,200 | 11,322,100 | 11,269,200 | 10,241,500 | 10,075,400 | 10,025,300 | 10,014,500 | 10,135,800 | 10,205,400 | 10,403,300 | 10,541,700 | 10,656,100 | 10,096,100 | 9,927,600 | 9,789,500 | 9,946,100 | 9,973,300 | 9,742,700 | 9,719,500 |
| Total asset turnover | 1.01 | 0.98 | 0.97 | 0.95 | 1.02 | 1.02 | 0.99 | 0.97 | 0.95 | 0.91 | 0.82 | 0.76 | 0.67 | 0.62 | 0.69 | 0.74 | 0.78 | 0.88 | 0.89 | 0.88 |
May 26, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,391,400K ÷ $11,323,000K
= 1.01
Total asset turnover is a key financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is using its assets to generate sales. A higher total asset turnover ratio generally indicates better efficiency in asset utilization.
Analyzing the total asset turnover ratio for Darden Restaurants Inc over the past few quarters, we can see fluctuations in the ratio. The ratio ranged from 0.62 to 1.02 during the period under review.
In general, a total asset turnover ratio of 1.0 means that the company is able to generate $1 in sales for every $1 in assets. Therefore, a ratio above 1.0 indicates efficient asset utilization.
Darden Restaurants Inc's total asset turnover ratio has shown some variability, ranging from 0.62 to 1.02. The ratio was above 1.0 in several quarters, indicating relatively efficient use of assets to generate sales. However, there were also quarters where the ratio was below 1.0, indicating potential areas for improvement in asset utilization.
Overall, it is important for Darden Restaurants Inc to continue monitoring and improving its total asset turnover ratio to ensure efficient use of its assets in generating sales and maximizing profitability.
Peer comparison
May 26, 2024