Darden Restaurants's Total Assets for the quarter that ended in Feb. 2024 was $11,358 Mil.
Warning Sign:
If a company builds assets at 14.9% a year, faster than its revenue growth rate of 4.6% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Darden Restaurants's average Total Assets Growth Rate was 13.40% per year.
During the past 3 years, the average Total Assets Growth Rate was 2.40% per year.
During the past 5 years, the average Total Assets Growth Rate was 14.90% per year.
During the past 10 years, the average Total Assets Growth Rate was 6.00% per year.
During the past 13 years, Darden Restaurants's highest 3-Year average Total Assets Growth Rate was 22.00%. The lowest was -14.30%. And the median was 6.35%.
Total Assets is connected with ROA %. Darden Restaurants's annualizedROA % for the quarter that ended in Feb. 2024 was 11.04%. Total Assets is also linked to Revenue through Asset Turnover. Darden Restaurants's Asset Turnover for the quarter that ended in Feb. 2024 was 0.26.
Darden Restaurants Total Assets Historical Data
The historical data trend for Darden Restaurants's Total Assets 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.
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Darden Restaurants Annual Data
Trend
May14
May15
May16
May17
May18
May19
May20
May21
May22
May23
Total Assets
5,892.80
9,946.10
10,656.10
10,135.80
10,241.50
Darden Restaurants Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Total Assets
10,075.40
10,241.50
11,269.20
11,322.10
11,358.20
Darden Restaurants Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Darden Restaurants's Total Assets for the fiscal year that ended in May. 2023 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.
Darden Restaurants (NYSE:DRI) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Feb. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Darden Restaurants's Asset Turnover for the quarter that ended in Feb. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Darden Restaurants Total Assets Related Terms
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Darden Restaurants (Darden Restaurants) Business Description
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.
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