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Darden Restaurants (FRA:DDN) Days Payable : 16.81 (As of Aug. 2024)


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What is Darden Restaurants Days Payable?

Darden Restaurants's average Accounts Payable for the three months ended in Aug. 2024 was €367 Mil. Darden Restaurants's Cost of Goods Sold for the three months ended in Aug. 2024 was €1,990 Mil. Hence, Darden Restaurants's Days Payable for the three months ended in Aug. 2024 was 16.81.

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

FRA:DDN' s Days Payable Range Over the Past 10 Years
Min: 14.76   Med: 16.33   Max: 17.73
Current: 16.63

During the past 13 years, Darden Restaurants's highest Days Payable was 17.73. The lowest was 14.76. And the median was 16.33.

FRA:DDN's Days Payable is ranked worse than
90.06% of 332 companies
in the Restaurants industry
Industry Median: 37.235 vs FRA:DDN: 16.63

Darden Restaurants's Days Payable declined from Aug. 2023 (17.79) to Aug. 2024 (16.81). It may suggest that Darden Restaurants accelerated paying its suppliers.


Darden Restaurants Days Payable Historical Data

The historical data trend for Darden Restaurants's Days Payable 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 Days Payable Chart

Darden Restaurants Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 16.36 18.64 15.10 17.45 16.73

Darden Restaurants Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Days Payable Get a 7-Day Free Trial 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 17.79 17.61 16.23 15.99 16.81

Competitive Comparison of Darden Restaurants's Days Payable

For the Restaurants subindustry, Darden Restaurants's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Restaurants Industry

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

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



Darden Restaurants Days Payable Calculation

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

Darden Restaurants's Days Payable for the fiscal year that ended in May. 2024 is calculated as

Days Payable (A: May. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: May. 2023 ) + Accounts Payable (A: May. 2024 )) / count ) / Cost of Goods Sold (A: May. 2024 )*Days in Period
=( (392.104 + 369.537) / 2 ) / 8306.315*365
=380.8205 / 8306.315*365
=16.73

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

Days Payable (Q: Aug. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: May. 2024 ) + Accounts Payable (Q: Aug. 2024 )) / count ) / Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=( (369.537 + 363.707) / 2 ) / 1990.139*365 / 4
=366.622 / 1990.139*365 / 4
=16.81

* 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 Days Payable Related Terms

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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 us full-service space, with consolidated revenue of $11.4 billion in fiscal 2024 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 2024, the company operated 2,031 restaurants in the us.

Darden Restaurants Headlines

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