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Darden Restaurants (Darden Restaurants) Days Inventory

: 11.93 (As of Feb. 2024)
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Days Inventory is also known as Days Sales of Inventory (DSI). Darden Restaurants's Average Total Inventories for the three months ended in Feb. 2024 was $304 Mil. Darden Restaurants's Cost of Goods Sold for the three months ended in Feb. 2024 was $2,329 Mil. Hence, Darden Restaurants's Days Inventory for the three months ended in Feb. 2024 was 11.93.

The historical rank and industry rank for Darden Restaurants's Days Inventory or its related term are showing as below:

DRI' s Days Inventory Range Over the Past 10 Years
Min: 11.03   Med: 11.68   Max: 20.25
Current: 12.29

During the past 13 years, Darden Restaurants's highest Days Inventory was 20.25. The lowest was 11.03. And the median was 11.68.

DRI's Days Inventory is ranked better than
57.1% of 338 companies
in the Restaurants industry
Industry Median: 15.47 vs DRI: 12.29

Darden Restaurants's Days Inventory declined from Feb. 2023 (12.48) to Feb. 2024 (11.93).

Inventory Turnover measures how fast the company turns over its inventory within a year. Darden Restaurants's Inventory Turnover for the three months ended in Feb. 2024 was 7.65.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Darden Restaurants's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.10.


Darden Restaurants Days Inventory Historical Data

The historical data trend for Darden Restaurants's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Darden Restaurants Annual Data
Trend May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.30 11.81 12.73 11.03 12.13

Darden Restaurants Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.48 12.51 12.07 12.52 11.93

Competitive Comparison

For the Restaurants subindustry, Darden Restaurants's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Darden Restaurants Days Inventory Distribution

For the Restaurants industry and Consumer Cyclical sector, Darden Restaurants's Days Inventory distribution charts can be found below:

* The bar in red indicates where Darden Restaurants's Days Inventory falls into.



Darden Restaurants Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Darden Restaurants's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

Days Inventory (A: May. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: May. 2022 ) + Total Inventories (A: May. 2023 )) / count ) / Cost of Goods Sold (A: May. 2023 )*Days in Period
=( (270.6 + 287.9) / 2 ) / 8404.4*365
=279.25 / 8404.4*365
=12.13

Darden Restaurants's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

Days Inventory (Q: Feb. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Nov. 2023 ) + Total Inventories (Q: Feb. 2024 )) / count ) / Cost of Goods Sold (Q: Feb. 2024 )*Days in Period
=( (310.6 + 298.2) / 2 ) / 2329.2*365 / 4
=304.4 / 2329.2*365 / 4
=11.93

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Darden Restaurants  (NYSE:DRI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Darden Restaurants's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Darden Restaurants's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Darden Restaurants Days Inventory Related Terms

Thank you for viewing the detailed overview of Darden Restaurants's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Darden Restaurants (Darden Restaurants) Business Description

Traded in Other Exchanges
Address
1000 Darden Center Drive, Orlando, FL, USA, 32837
Darden Restaurants is the largest restaurant operator in the U.S. full-service space, with consolidated revenue of $10.5 billion in fiscal 2023 resulting in 3%-4% full-service market share (per NRA data and our calculations). The company maintains a portfolio of 10 restaurant brands: Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Ruth's Chris, Yard House, The Capital Grille, Seasons 52, Eddie V's, Bahama Breeze, and The Capital Burger. Darden generates revenue almost exclusively from company-owned restaurants, though a small network of franchised restaurants and consumer-packaged goods sales through the traditional grocery channel contribute modestly. As of the end of its fiscal 2023, the company operated 1,914 restaurants in the U.S.
Executives
John W. Madonna officer: SVP, Corporate Controller 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Douglas J. Milanes officer: SVP, Chief Supply Chain Ofcr 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Melvin John Martin officer: President, SRG 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Sarah H. King officer: SVP, Chief HR Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Susan M. Connelly officer: SVP, Chief Comm & PA Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Lee Eugene I Jr officer: President, Speciality Rest Grp 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Rajesh Vennam officer: SVP, CFO and Treasurer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Ricardo Cardenas officer: SVP Chief Strategy Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Matthew R Broad officer: SVP General Counsel C/O DARDEN RESTAURANTS, INC., 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Todd Burrowes officer: President, LongHorn Steakhouse 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Daniel J. Kiernan officer: President, Olive Garden 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
William S Simon director 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Nana Mensah director 1301 AVENUE OF THE AMERICAS, NEW YORK NY 10019
Richard L. Renninger officer: SVP, Chief Development Officer 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Timothy J Wilmott director C/O PENN NATIONAL GAMING, INC., 825 BERKSHIRE BLVD., SUITE 200, WYOMISSING PA 19610

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