Darden Asset Turnover vs Operating Income Analysis
DRI Stock | USD 152.29 0.68 0.44% |
Darden Restaurants financial indicator trend analysis is much more than just examining Darden Restaurants latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Darden Restaurants is a good investment. Please check the relationship between Darden Restaurants Asset Turnover and its Operating Income accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Darden Restaurants. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Darden Stock please use our How to Invest in Darden Restaurants guide.
Asset Turnover vs Operating Income
Asset Turnover vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Darden Restaurants Asset Turnover account and Operating Income. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Darden Restaurants' Asset Turnover and Operating Income is -0.57. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Operating Income in the same time period over historical financial statements of Darden Restaurants, assuming nothing else is changed. The correlation between historical values of Darden Restaurants' Asset Turnover and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Darden Restaurants are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Asset Turnover i.e., Darden Restaurants' Asset Turnover and Operating Income go up and down completely randomly.
Correlation Coefficient | -0.57 |
Relationship Direction | Negative |
Relationship Strength | Very Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Operating Income
Operating Income is the amount of profit realized from Darden Restaurants operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Darden Restaurants is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.Most indicators from Darden Restaurants' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Darden Restaurants current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Darden Restaurants. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Darden Stock please use our How to Invest in Darden Restaurants guide.As of now, Darden Restaurants' Selling General Administrative is decreasing as compared to previous years. The Darden Restaurants' current Tax Provision is estimated to increase to about 165.4 M, while Discontinued Operations is forecasted to increase to (1.4 M).
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 2.0B | 2.1B | 2.4B | 1.5B | Total Revenue | 9.6B | 10.5B | 12.1B | 6.8B |
Darden Restaurants fundamental ratios Correlations
Click cells to compare fundamentals
Darden Restaurants Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Darden Restaurants fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 9.9B | 10.7B | 10.1B | 10.2B | 11.8B | 12.4B | |
Short Long Term Debt Total | 5.5B | 5.0B | 4.9B | 4.6B | 5.2B | 5.5B | |
Other Current Liab | 805.5M | 885.5M | 780.1M | 752.5M | 865.4M | 577.8M | |
Total Current Liabilities | 1.8B | 1.8B | 1.8B | 1.9B | 2.2B | 1.2B | |
Total Stockholder Equity | 2.3B | 2.8B | 2.2B | 2.2B | 2.5B | 1.8B | |
Property Plant And Equipment Net | 6.7B | 6.6B | 6.8B | 7.1B | 8.2B | 8.6B | |
Net Debt | 4.7B | 3.8B | 4.4B | 4.2B | 4.8B | 5.1B | |
Retained Earnings | 143.5M | 522.3M | (25.9M) | (32.5M) | (37.4M) | (35.5M) | |
Accounts Payable | 249.4M | 304.5M | 366.9M | 426.2M | 490.1M | 246.3M | |
Cash | 763.3M | 1.2B | 420.6M | 367.8M | 423.0M | 215.8M | |
Non Current Assets Total | 8.8B | 8.8B | 9.0B | 9.2B | 10.6B | 11.2B | |
Non Currrent Assets Other | 275.3M | 295.7M | 90.5M | 301.1M | 346.3M | 207.4M | |
Cash And Short Term Investments | 763.3M | 1.2B | 420.6M | 367.8M | 423.0M | 216.2M | |
Net Receivables | 49.8M | 68.2M | 72M | 80.2M | 92.2M | 57.2M | |
Common Stock Shares Outstanding | 122.7M | 131.8M | 129M | 122.9M | 110.6M | 127.9M | |
Liabilities And Stockholders Equity | 9.9B | 10.7B | 10.1B | 10.2B | 11.8B | 12.4B | |
Non Current Liabilities Total | 5.8B | 6.0B | 6.1B | 6.1B | 7.0B | 7.4B | |
Inventory | 206.9M | 190.8M | 270.6M | 287.9M | 331.1M | 229.5M | |
Other Current Assets | 63M | 60.2M | 141.4M | 154.5M | 139.1M | 84.2M | |
Other Stockholder Equity | 400K | 2.8B | (1.9M) | 3.2M | 3.7M | 3.9M | |
Total Liab | 7.6B | 7.8B | 7.9B | 8.0B | 9.2B | 9.7B | |
Total Current Assets | 1.1B | 1.9B | 1.2B | 997.7M | 1.1B | 753.5M | |
Short Term Debt | 270M | 184.1M | 202.5M | 246.7M | 283.7M | 182.1M | |
Common Stock Total Equity | 2.2B | 2.3B | 2.2B | 2.2B | 2.6B | 1.9B | |
Property Plant And Equipment Gross | 6.7B | 6.6B | 6.8B | 7.1B | 8.2B | 8.6B | |
Accumulated Other Comprehensive Income | (17.6M) | 4.2M | (1.9M) | 3.2M | 3.7M | 3.9M | |
Common Stock | 2.2B | 2.3B | 2.2B | 2.2B | 2.6B | 2.0B | |
Other Liab | 929.9M | 248.6M | 421.1M | 201.1M | 231.3M | 453.2M | |
Other Assets | 189.7M | 228.8M | 291.6M | 301.1M | 346.3M | 174.2M | |
Long Term Debt | 928.8M | 929.8M | 901M | 884.9M | 1.0B | 1.2B | |
Property Plant Equipment | 2.8B | 6.6B | 6.8B | 7.1B | 8.2B | 8.6B | |
Current Deferred Revenue | 467.9M | 474.2M | 498M | 512M | 588.8M | 297.3M | |
Retained Earnings Total Equity | 143.5M | 522.3M | (25.9M) | (32.5M) | (29.3M) | (27.8M) | |
Deferred Long Term Liab | 56.1M | 221.6M | 201.1M | 142.2M | 128.0M | 121.6M | |
Net Tangible Assets | 487.9M | 902.5M | 354.5M | 357.8M | 322.0M | 401.0M | |
Long Term Debt Total | 928.8M | 929.8M | 901M | 884.9M | 796.4M | 991.5M |
Darden Restaurants Investors Sentiment
The influence of Darden Restaurants' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Darden. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Darden Restaurants' public news can be used to forecast risks associated with an investment in Darden. The trend in average sentiment can be used to explain how an investor holding Darden can time the market purely based on public headlines and social activities around Darden Restaurants. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Darden Restaurants' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Darden Restaurants' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Darden Restaurants' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Darden Restaurants.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Darden Restaurants in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Darden Restaurants' short interest history, or implied volatility extrapolated from Darden Restaurants options trading.
Pair Trading with Darden Restaurants
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Darden Restaurants position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Darden Restaurants will appreciate offsetting losses from the drop in the long position's value.Moving together with Darden Stock
0.84 | DIN | Dine Brands Global Financial Report 1st of May 2024 | PairCorr |
Moving against Darden Stock
0.43 | WEN | The Wendys Sell-off Trend | PairCorr |
0.43 | GENK | GEN Restaurant Group | PairCorr |
The ability to find closely correlated positions to Darden Restaurants could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Darden Restaurants when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Darden Restaurants - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Darden Restaurants to buy it.
The correlation of Darden Restaurants is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Darden Restaurants moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Darden Restaurants moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Darden Restaurants can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Darden Restaurants. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in Darden Stock please use our How to Invest in Darden Restaurants guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
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When running Darden Restaurants' price analysis, check to measure Darden Restaurants' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Darden Restaurants is operating at the current time. Most of Darden Restaurants' value examination focuses on studying past and present price action to predict the probability of Darden Restaurants' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Darden Restaurants' price. Additionally, you may evaluate how the addition of Darden Restaurants to your portfolios can decrease your overall portfolio volatility.
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Is Darden Restaurants' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Darden Restaurants. If investors know Darden will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Darden Restaurants listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.11 | Dividend Share 5.14 | Earnings Share 8.54 | Revenue Per Share 93.095 | Quarterly Revenue Growth 0.068 |
The market value of Darden Restaurants is measured differently than its book value, which is the value of Darden that is recorded on the company's balance sheet. Investors also form their own opinion of Darden Restaurants' value that differs from its market value or its book value, called intrinsic value, which is Darden Restaurants' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Darden Restaurants' market value can be influenced by many factors that don't directly affect Darden Restaurants' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Darden Restaurants' value and its price as these two are different measures arrived at by different means. Investors typically determine if Darden Restaurants is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Darden Restaurants' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.