Darden Restaurants' (NYSE:DRI) Returns On Capital Not Reflecting Well On The Business [Yahoo! Finance]
Darden Restaurants, Inc. (DRI)
Last darden restaurants, inc. earnings: 3/19 07:00 am
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US:NYSE Investor Relations:
investor.darden.com/investors/investor-relations/default.aspx
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Source: Yahoo! Finance
growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Ultimately, this demonstrates that it's a business that is reinvesting profits at increasing rates of return. However, after briefly looking over the numbers, we don't think Darden Restaurants NYSE:DRI ) has the makings of a multi-bagger going forward, but let's have a look at why that may be. Understanding Return On Capital Employed (ROCE) For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Darden Restaurants: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.14 = US$1.3b ÷ (US$11b - US$2.3b) (Based on the trailing twelve months to February 2024) So, Darden Restaurants has an ROCE of 14%. On its own, that's a standard return, however it's much better than the 9.5
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DRI
Earnings
- 3/21/24 - Miss
DRI
Sec Filings
- 5/6/24 - Form 144
- 4/26/24 - Form 4
- 4/25/24 - Form 144
- DRI's page on the SEC website