Darden Restaurants Financial Analysis and Financial Ratios
Quality Business Consultant's financial analysis expert, Paul Borosky, MBA., doctoral candidate, and published author, has created proprietary financial models to help analyze Darden Restaurants' financial performance using Darden's summarized income statements and balance sheets for the last five years, found in their Annual Reports and Amazon's 10ks.
Further, our financial model also calculates over 20 popular financial ratios, such as Darden Restaurants' current ratio, return on equity, and debt ratio. This information is the basis of our financial report, "Darden Restaurants Financial Report," where we offer insights into understanding their financial standing through insightful financial analysis.
A Beginner's Guide to Darden Restaurants Financial Analysis - 2022
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- NOT Included-Identify and discuss financial trends for the company..
- NOT Included-Expert financial analysis done by Paul Borosky, MBA.
- NOT Included- Analyst "Letter Grades" for the company's ratios.
Darden Restaurants Financial Report by Paul Borosky, MBA. - 2022
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- Included Identify and discuss financial trends for the company.
- Included Expert financial analysis done by Paul Borosky MBA.
- Included Analyst "Letter Grades" for the company's ratios.
Darden Restaurants Financial Report and Financial Analysis
Click Below for the CURRENT
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Darden Restaurants 2022 Beginner's Guide
Table of Contents
- Disclaimer 3
- Forward 4
- Income Statement 6
- Darden Restaurants’ Summarized Income Statements 6
- Revenues 7
- Cost of Goods Sold (COGS) 8
- Selling, General, and Administrative Expenses (SG&A 8
- Research and Development (R&D) 9
- Operating Expenses 10
- Earnings Before Interest and Taxes (EBIT 10
- Interest Expense 11
- Earnings Before Taxes (EBT) 12
- Taxes 12
- Net income 12
- Tax Rate 13
- Balance Sheet 15
- Darden Restaurants’ Summarized Balance Sheets 15
- Cash 16
- Short-Term Investments 17
- Accounts Receivables 17
- Inventory 18
- Current Assets 19
- Property, Plant, and Equipment (PP&E) 20
- Total Assets 21
- Accounts Payable 22
- Accrued Expenses 22
- Short-Term Debt 23
- Total Current Liabilities 24
- Long Term Debt (LT Debt) 25
- Total Liabilities 26
- Common Stock and Additional Paid-in Capital 27
- Treasury 28
- Retained Earnings 28
- Total Equity 29
- Financial Ratios 31
- Darden Restaurants’ Liquidity Ratios 32
- Current Ratio 32
- Quick Ratio 33
- Cash Ratio 34
- Darden Restaurants’ Asset Ratios 36
- Total Asset Turnover 37
- Fixed Asset Turnover 38
- Days Sales Outstanding 38
- Inventory Turnover 39
- Accounts Receivable Turnover 40
- Accounts Payable Turnover 41
- Other Asset Ratio Calculations 42
- Working Capital Turnover 42
- Average Days in Inventory 42
- Average Days Payable 42
- Darden Restaurants’ Profitability Ratios 44
- Return on Assets (ROA) 44
- Return on Equity (ROE) 45
- Net Profit Margin 46
- Gross Profit Margin 47
- Operating Profit Margin 47
- Darden Restaurants’ Debt Ratios 49
- Debt Ratio 49
- Debt to Equity Ratio 50
- Times Interest Earned 51
Click Below for the CURRENT
Downloadable PDF Price!!
Darden Restaurants Financial Report 2022
Contents
- Disclaimer 3
- Forward 4
- Income Statement 6
- Darden’s Summarized Income Statements 6
- Revenues 7
- Cost of Goods Sold (COGS) 8
- Selling, General, and Administrative Expenses (SG&A 9
- Research and Development (R&D) 10
- Operating Expenses 11
- Earnings Before Interest and Taxes (EBIT 11
- Interest Expense 12
- Earnings Before Taxes (EBT) 13
- Taxes 13
- Net income 14
- Tax Rate 15
- Balance Sheet 16
- Darden’s Summarized Balance Sheets 16
- Cash 17
- Short-Term Investments 18
- Accounts Receivables 19
- Inventory 20
- Current Assets 21
- Property, Plant, and Equipment (PP&E) 21
- Total Assets 22
- Accounts Payable 24
- Accrued Expenses 25
- Short-Term Debt 25
- Total Current Liabilities 26
- Long Term Debt (LT Debt) 27
- Total Liabilities 29
- Common Stock and Additional Paid-in Capital 29
- Treasury 30
- Retained Earnings 31
- Total Equity 32
- Financial Ratios 33
- Darden’s Liquidity Ratios 34
- Current Ratio 34
- Cash Ratio 35
- Quick Ratio 36
- Darden’s Asset Ratios 38
- Total Asset Turnover 39
- Fixed Asset Turnover 40
- Days Sales Outstanding 41
- Inventory Turnover 42
- Accounts Receivable Turnover 43
- Accounts Payable Turnover 44
- Other Asset Ratio Calculations 45
- Working Capital Turnover 45
- Average Days in Inventory 45
- Average Days Payable 45
- Darden’s Profitability Ratios 47
- Return on Assets (ROA) 47
- Return on Equity (ROE) 48
- Net Profit Margin 49
- Gross Profit Margin 50
- Operating Profit Margin 51
- Darden’s Debt Ratios 53
- Debt Ratio 53
- Debt to Equity Ratio 54
- Times Interest Earned 55
- Summary 57
- Darden’s Strengths 57
- Darden’s Weaknesses 57
- Darden’s Final Grade 57
Darden Restaurants Financial Report by Paul Borosky, MBA.
Hey All,
Thanks for considering my Darden Restaurant Financial Report. In this report, you will be able to find preliminary information about Darden's current financial performance as well as some historical track records and trends. Also, in this report, written by myself, Paul Borosky, MBA., Doctoral Candidate and published author, you will find:
- Summarized income statement for the last 5 years.
- Summarized balance sheet for the last 5 years.
- Summary analysis by myself of the important income statement, balance sheet, and financial ratio trends and other happenings.
- Five years’ worth of over twenty common financial ratios presented with formulas, calculations, and analysis tips for each ratio.
- Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios.
- Professional financial analysis tips are provided in each section to help YOU conduct your OWN financial analysis!
- Each section includes an “in other words” segment. This is where I use plain English to explain concepts.
Sincerely,
Paul, MBA.
Sample Report
Darden's Income Statement Analysis Sample
In this section of the financial report, I walk you through a broad definition of what an income statement is and why it is essential. From this, I then discuss and define important income statement line items, such as revenues, gross profits, etc., in detail. Finally, I offer a summary analysis of the company's important income statement line item trends. For example,...
Darden Restaurant Cost of Goods Sold.
Darden Restaurant’s cost of goods sold (COGS) was $2.3 billion in 2018. In 2022, their cost of goods sold was $2.9 billion. The firm’s average growth rate annually for the last five years was 8%. This trend indicates that the organization’s cost of goods sold had grown consistently faster than its revenues. Unfortunately, this trend is unsustainable. Either the organization needs to increase prices to cover the raw material cost increases or do a better job negotiating the raw material costs with suppliers. From an investor’s perspective, this is a poor trend.
Analyst Grade: C
Darden 2022 Summary Income Statement |
|||||
| Column1 |
2022 |
2021 | 2020 | 2019 |
2018 |
| Revenues |
9,630 |
7,191 | 7,806 | 8,510 |
8,080 |
| COGS |
2,943 |
2,072 | 2,240 | 2,412 |
2,303 |
| Gross Profit |
6,687 |
5,119 | 5,566 | 6,098 |
5,777 |
| SG&A |
466 |
487 | 614 | 405 |
409 |
| Depreciation |
368 |
350 | 356 | 591 |
565 |
| R & D | - | - | - | - | - |
| Other | - | - | - | - | - |
| Total Operating Expenses |
8,468 |
3,630 | 4,157 | 4,248 |
4,031 |
| EBIT |
1,162 |
648 | 48 | 832 |
766 |
| Other Income | - | - | - | - | - |
| Interest Expense |
69 |
63 | 57 | 50 |
161 |
| EBT |
1,094 |
576 | (161) | 782 |
605 |
| Taxes |
139 |
(55) | (111) | 64 |
2 |
| Net Income |
953 |
629 | (52) | 713 |
596 |
Darden Restaurant Balance Sheet Analysis Sample
In this section of the financial report, I walk you through a broad definition of what a balance sheet is and why it is important. From this, I then discuss and define important balance sheet line items, such as cash, inventory, etc., in detail. Finally, I offer a summary analysis of the company's important balance sheet line item trends. For example,...
Darden's Property, Plant, and Equipment
Darden Restaurant’s property, plant, and equipment (PP&E) were $2.4 billion in 2018 or 33% of sales. In 2022, their property, plant, and equipment were $3.3 billion, or 39.6% of sales. This trend indicates that the company is using more fixed assets while generating fewer sales per dollar of assets. This trend should be concerning for investors.
Analyst Grade: B
Darden 2022 Summary Balance Sheet |
|||||
| Column1 |
2022 |
2021 | 2020 | 2019 |
2018 |
| Cash |
421 |
1,214 | 763 | 457 |
146 |
| Short Term Investment | - | - | - | - | - |
| Account Receivable |
72 |
68 | 50 | 88 |
83 |
| Inventory |
271 |
190 | 207 | 207 |
205 |
| Other | - | - | - | - | - |
| Current Assets |
1,179 |
1,871 | 1,101 | 893 |
553 |
| Net PPE |
3,356 |
2,869 | 2,757 | 2,553 |
2,429 |
| Goodwill |
1,037 |
1,037 | 1,037 | 1,184 |
1,183 |
| Other | - | - | - | - | - |
| Total Assets |
10,136 |
10,656 | 9,946 | 5,893 |
5,469 |
| Accounts Payable |
367 |
304 | 249 | 333 |
277 |
| Accrued Expense |
182 |
177 | 150 | 175 |
177 |
| Accrued Taxes |
32 |
35 | 6 | 12 |
- |
| Notes Payable | - | - |
270 |
- |
- |
| LT Debt - Current | - | - | - | - | - |
| Other | - | - | - | - | - |
| Total Current Liabilities |
1,848 |
1,848 | 1,793 | 1,474 |
1,384 |
| LT Debt |
91 |
929 | 929 | 928 |
926 |
| Other | - | - | - | - | - |
| Total Liabilities |
7,938 |
7,843 | 7,615 | 3,500 |
3,274 |
| Common Stock |
2,226 |
2,286 | 2,205 | 1,685 |
1,631 |
| Treasury | - | - | - |
- |
(8) |
| Retained Earnings |
(26) |
522 | 144 | 807 |
658 |
| Other | - | - | - | - | - |
| Total Equity |
2,198 |
2,813 | 2,331 | 2,393 |
2,195 |
| Total Equity & Liability |
10,136 |
10,656 | 9,946 | 5,893 |
5,470 |
Darden Restaurant Financial Ratios Sample
In this section of the financial report, I walk you through definitions of various popular financial ratios, how to calculate the ratios, formulas used, etc. Also, for some popular financial ratios, I provide brief explanations of what the ratios mean as it is related to the company.
Darden Restaurant Fixed Asset Turnover Ratio
Darden Restaurant’s fixed asset turnover in 2018 was 3.33. In 2022, their fixed asset turnover was 2.87. This trend indicates the organization, again, continually underutilized fixed assets under management. The firm either needs to divest underutilized fixed assets or implement strategies to increase revenues and further optimize fixed assets under management. From an investor’s perspective, this is a poor trend.
Analyst Grade: C
Darden's Return on Equity
Darden Restaurant’s return on equity (ROE) in 2018 was 27.1%. In 2022, their return on equity was 43.3%. This trend indicates the organization is generating more revenues on a consistent basis using equity provided by investors. From an investor’s perspective, this is a good trend.
Analyst Grade: A
Darden 2022 Liquidity Ratios |
|||||
| Ratios |
2022 |
2021 | 2020 | 2019 |
2018 |
| Current Ratio |
0.64 |
1.01 |
|||
| Cash Ratio |
0.23 |
0.66 |
|||
| Quick Ratio |
0.49 |
0.91 |
|||
| Net Working Capital |
(668) |
23 |
|||
Darden 2022 Asset Utilization |
|||||
| Ratios |
2022 |
2021 | 2020 | 2019 |
2018 |
| Total Asset Turnover |
0.95 |
0.67 |
|||
| Fixed Asset Turnover |
2.87 |
2.51 |
|||
| Days Sales Outstanding |
2.65 |
2.99 |
|||
| Inventory Turnover (Using Sales) |
41.82 |
36.23 |
|||
| Inventory Turnover (Using COGS) |
12.78 |
10.44 |
|||
| Accounts Receivable Turnover |
137.57 |
121.88 |
|||
| Working Capital Turnover |
(14.41) |
312.65 |
|||
| AP Turnover |
9.01 |
7.43 |
|||
| Average Days Inventory |
28.56 |
34.97 |
|||
| Average Days Payable |
40.49 |
49.11 |
|||
Darden 2022 Profitability Ratios |
|||||
| Ratios |
2022 |
2021 | 2020 | 2019 |
2018 |
| Return on Assets |
9.40% |
5.90% |
|||
| Return on Equity |
43.34% |
22.36% |
|||
| Net Profit Margin |
9.89% |
8.75% |
|||
| Gross Profit Margin |
69.44% |
71.19% |
|||
| Operating Profit Margin |
12.07% |
9.01% |
|||
| Basic Earning Power |
11.47% |
6.08% |
|||
| ROCE |
14.02% |
7.36% |
|||
| Capital Employed |
8,288 |
8,808 |
|||
| ROIC |
44.32% |
18.97% |
|||
Darden 2022 Debt Ratios |
|||||
| Ratios |
2022 |
2021 | 2020 | 2019 |
2018 |
| Debt Ratio |
0.90% |
8.72% |
|||
| Debt/Equity |
4.14% |
33.03% |
|||
| Times Interest Earned |
16.92 |
10.29 |
|||