Darden Restaurants Inc (DRI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	1,027,600	1,034,600	1,008,300	983,400	981,900	948,500	908,900	914,900	952,800	1,039,600	921,300	824,100	629,300	-219,200	-115,600	-186,900	-52,400	635,600	626,900	717,800
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
ROA		9.08%	9.11%	8.91%	8.73%	9.59%	9.41%	9.07%	9.14%	9.40%	10.19%	8.86%	7.82%	5.91%	-2.17%	-1.16%	-1.91%	-0.53%	6.37%	6.43%	7.39%

May 26, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,027,600K ÷ $11,323,000K
= 9.08%

Darden Restaurants Inc's return on assets (ROA) has shown fluctuations over the past several quarters. The ROA ranged from a low of -2.17% in February 2021 to a high of 10.19% in February 2022. The most recent ROA as of May 26, 2024, stood at 9.08%.

Overall, Darden Restaurants Inc's ROA has generally been positive, indicating the company's ability to generate profits relative to its total assets. However, there have been periods of decline, such as the negative ROA figures in early 2021, which may indicate challenges in effectively utilizing assets to generate profits during that period.

It is important for the company to focus on consistently improving its ROA to ensure efficient asset utilization and sustainable profitability in the long run.