Darden Restaurants Inc (DRI)
Return on assets (ROA)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,027,600 | 981,900 | 952,800 | 629,300 | -52,400 |
| Total assets | US$ in thousands | 11,323,000 | 10,241,500 | 10,135,800 | 10,656,100 | 9,946,100 |
| ROA | 9.08% | 9.59% | 9.40% | 5.91% | -0.53% |
May 26, 2024 calculation
ROA = Net income ÷ Total assets
= $1,027,600K ÷ $11,323,000K
= 9.08%
The return on assets (ROA) for Darden Restaurants Inc has been consistently positive over the past five years, reflecting the company's ability to generate earnings relative to its total assets. The ROA increased from 5.91% in 2021 to 9.08% in 2024, indicating improved efficiency in utilizing assets to generate profits. The ROA peaked at 9.59% in 2023, showing strong performance, before slightly decreasing to 9.40% in 2022. Notably, the company turned around a negative ROA of -0.53% in 2020 to positive figures in the following years, showcasing improved asset management and profitability. Overall, Darden Restaurants Inc's ROA trend suggests effective asset utilization and profitability growth over the period analyzed.
Peer comparison
May 26, 2024