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Darden Restaurants (FRA:DDN) Total Inventories : €270 Mil (As of Aug. 2024)


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What is Darden Restaurants Total Inventories?

Darden Restaurants's total inventories for the quarter that ended in Aug. 2024 was €270 Mil. Darden Restaurants's average total inventories from the quarter that ended in May. 2024 to the quarter that ended in Aug. 2024 was €269 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Darden Restaurants's Net-Net Working Capital per share for the quarter that ended in Aug. 2024 was €-67.81.

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 three months ended in Aug. 2024 was 12.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Darden Restaurants's Inventory Turnover for the quarter that ended in Aug. 2024 was 7.39.

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 quarter that ended in Aug. 2024 was 0.11.


Darden Restaurants Total Inventories Historical Data

The historical data trend for Darden Restaurants's Total Inventories 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 Total Inventories Chart

Darden Restaurants Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 189.73 157.03 255.99 264.87 268.71

Darden Restaurants Quarterly Data
Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24
Total Inventories 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 263.18 286.99 276.43 268.71 270.01

Darden Restaurants Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Darden Restaurants  (FRA:DDN) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Darden Restaurants's Net-Net Working Capital Per Share for the quarter that ended in Aug. 2024 is

Net-Net Working Capital Per Share (Q: Aug. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(174.598+0.75 * 57.867+0.5 * 270.014-8355.103
-0-0)/118
=-67.81

2. 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 three months ended in Aug. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Aug. 2024 )/Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=269.363/1990.139*365 / 4
=12.35

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

Darden Restaurants's Inventory Turnover for the quarter that ended in Aug. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Aug. 2024 ) / Average Total Inventories (Q: Aug. 2024 )
=1990.139 / 269.363
=7.39

4. 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 quarter that ended in Aug. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Aug. 2024 ) / Revenue (Q: Aug. 2024 )
=269.363 / 2500.599
=0.11

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Darden Restaurants Total Inventories 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.

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