Darden Restaurants Inc (DRI)

Working capital 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 current assets	US$ in thousands	822,800	997,700	1,179,400	1,871,100	1,101,400
Total current liabilities	US$ in thousands	2,192,500	1,937,400	1,847,500	1,848,300	1,792,800
Working capital turnover		—	—	—	314.96	—

May 26, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $11,391,500K ÷ ($822,800K – $2,192,500K)
= —

To analyze Darden Restaurants Inc's working capital turnover, we calculate the ratio by dividing revenue by the average working capital for the year. However, the data provided does not include specific values for working capital in the years 2024, 2023, and 2020.

In 2021, the working capital turnover was 314.96. This indicates that for each dollar of working capital invested, the company generated $314.96 in revenue during that year. A higher working capital turnover ratio is generally favorable as it suggests that the company is efficient in utilizing its working capital to generate sales.

Without data for the other years, we are unable to provide a trend analysis of Darden Restaurants Inc's working capital turnover over the years.