Darden Restaurants Inc (DRI)
Return on assets (ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,027,600 | 1,027,600 | 981,900 | 981,900 | 952,800 |
| Total assets | US$ in thousands | 11,323,000 | 11,323,000 | 10,241,500 | 10,241,500 | 10,135,800 |
| ROA | 9.08% | 9.08% | 9.59% | 9.59% | 9.40% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,027,600K ÷ $11,323,000K
= 9.08%
Based on the data provided for Darden Restaurants Inc, the return on assets (ROA) has remained relatively stable over the period analyzed. The ROA was 9.40% as of May 31, 2022, and showed a slight increase to 9.59% by May 28, 2023. This level was maintained at 9.59% as of May 31, 2023. However, there was a slight decrease to 9.08% as of May 26, 2024, which was then maintained at the same level as of May 31, 2024.
Overall, the ROA indicates that Darden Restaurants Inc has been able to generate approximately 9-9.5 cents of profit for every dollar of assets held during the period. This suggests that the company is utilizing its assets efficiently to generate profits, although the slight decrease in ROA in the most recent period may warrant further investigation to ensure sustained profitability and asset utilization.
Peer comparison
May 31, 2024