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GuruFocus has detected 5 Warning Signs with Darden Restaurants Inc $DRI.
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Darden Restaurants Inc (NYSE:DRI)
Days Payable
13.02 (As of Feb. 2017)

Darden Restaurants Inc's payable for the three months ended in Feb. 2017 was $206 Mil. Darden Restaurants Inc's cost of goods sold for the three months ended in Feb. 2017 was $1,440 Mil. Hence, Darden Restaurants Inc's days payable for the three months ended in Feb. 2017 was 13.02.

DRI' s Days Payable Range Over the Past 10 Years
Min: 13.58   Max: 23.44
Current: 13.67

13.58
23.44

During the past 13 years, Darden Restaurants Inc's highest Days Payable was 23.44. The lowest was 13.58. And the median was 16.39.

DRI's Days Payable is ranked lower than
86% of the 244 Companies
in the Global Restaurants industry.

( Industry Median: 40.34 vs. DRI: 13.67 )

Darden Restaurants Inc's days payable increased from Feb. 2016 (12.29) to Feb. 2017 (13.02). It may suggest that Darden Restaurants Inc delayed paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Darden Restaurants Inc's Days Payable for the fiscal year that ended in May. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=241.9/5392.4*365
=16.37

Darden Restaurants Inc's Days Payable for the quarter that ended in Feb. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=205.5/1440.2*365 / 4
=13.02

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Darden Restaurants Inc Annual Data

May07May08May09May10May11May12May13May14May15May16
DaysPayable 15.2617.4115.3516.4016.0923.2823.4417.0513.5816.37

Darden Restaurants Inc Quarterly Data

Nov14Feb15May15Aug15Nov15Feb16May16Aug16Nov16Feb17
DaysPayable 14.5012.6412.5414.6313.6012.2915.9714.5517.2313.02
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