Darden Restaurants Inc (DRI)

Working capital 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 current assets	US$ in thousands	822,800	876,400	867,700	835,700	997,700	890,900	892,100	941,000	1,179,400	1,280,100	1,514,200	1,658,000	1,871,100	1,300,400	1,109,700	971,000	1,101,400	686,000	535,500	670,300
Total current liabilities	US$ in thousands	2,192,500	2,272,400	2,381,600	2,094,200	1,937,400	1,950,400	1,906,400	1,825,300	1,847,500	1,815,900	1,780,700	1,715,000	1,848,300	1,646,500	1,546,100	1,543,900	1,792,800	1,683,100	1,557,500	1,548,600
Working capital turnover		—	—	—	—	—	—	—	—	—	—	—	—	314.96	—	—	—	—	—	—	—

May 26, 2024 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $11,391,400K ÷ ($822,800K – $2,192,500K)
= —

The working capital turnover ratio for Darden Restaurants Inc was not available for all periods up until August 29, 2021. Starting from May 30, 2021, the working capital turnover ratio is reported as 314.96. This indicates that for the most recent period, Darden Restaurants Inc generated $314.96 in revenue for every dollar of working capital invested. A higher working capital turnover ratio indicates that the company efficiently utilizes its working capital to generate sales. This improved efficiency may be a result of effective inventory management, accounts receivable collection, and accounts payable management. Monitoring this ratio over time can help assess the company's efficiency in managing its working capital to drive sales and overall performance.